Share Market Today: India’s stock market started Wednesday, October 30, 2024, on a subdued note, as both Sensex and Nifty50 recorded losses. The Sensex witnessed a significant decline of 366.53 points, touching 80,002.50 levels in the morning session. The Nifty50 index also declined to reach 24,337.60 points.
Foreign investors withdrew a substantial Rs 90,927 crore from Indian equities this month until October 29, NSDL data shows.
The early session witnessed declines in shares of Sunpharma, ICICI Bank, Axis Bank, Bajaj Finserv, Mahindra and Mahindra (M&M) etc on the Sensex. Maruti Suzuki, Indusind Bank, L&T, TCS, ITC etc. emerged as the gainers.
India’s stock market reversed early losses, closing higher on Tuesday, October 29, 2024, with the Sensex and Nifty50 indices ending in positive territory. The Sensex jumped 363.99 points to close at 80,369.03 on Tuesday. Nifty50 index also jumped 127.70 points to end at 24,466.85 levels. On Tuesday, the Sensex saw a mixed bag, with 16 of its 30 constituents gaining and 14 ending in losses.
Share Market Today: Stocks In Focus
According to BSE data, here’s a snapshot of major stock performance in early trading.
TCS (Tata Consultancy Services) – Trading in green.
Tata Steel – Trading in red.
Tata Motors – Trading in green.
Reliance Industries (RIL) – Trading in red.
JSW Steel – Trading in red.
HCL Technologies – Trading in red.
Tech Mahindra – Trading in red.
Adani Ports – Trading in red.
ITC – Trading in green.
HDFC Bank – Trading in red.
(Note: This is the data from early trade on BSE, and it might change with time.)
Global Cues
The market is being driven by three major factors: escalating geopolitical tensions, uncertainty around the 2024 US presidential election, and continued foreign investor sell-off. Market sentiment is also being impacted by the escalating Middle East tensions, triggered by Israel’s recent airstrikes on Iranian military installations.
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