Sensex Today
On Monday, October 6, Indian benchmark indices began the day flat with a slight upward bias, driven by increases in IT and financial companies.
The Nifty50 was up 24 points, or 0.10 percent, at 24,918, while the BSE Sensex was up 76 points, or 0.09 percent, at 81,283. Bajaj Finance, HDFC Bank, Axis Bank, Bajaj Finserv, HCL Tech, ICICI Bank, Kotak Bank, TCS, Trent, and Infosys were among the leading Sensex gainers, with gains of up to 1%.
However, more benchmark rise was constrained by profit booking in Tata Steel, Titan, Tata Motors, HUL, Power Grid, M&M, NTPC, and Asian Paints. The Nifty MidCap and Nifty SmallCap indexes saw slight increases of 0.11 and 0.08 percent, respectively, in the overall market.
Sector-by-sector, the Nifty Bank, Nifty Private Bank, and Nifty PSU Bank and Nifty Financial Services indices all saw increases of 0.55%, 0.6%, and 0.4%, respectively. The Nifty FMCG and Nifty Pharma indices saw the biggest declines, falling 0.4% and 0.6%, respectively.
Following the sale of Flipkart Investments’ entire 6% investment in Aditya Birla Lifestyle through block transactions, the company’s shares increased by more than 9% intraday. Delhivery, BSE Ltd, Fortis, MCX Ltd, Nykaa, M&M Finance, AU Small Finance Bank, and YES Bank were among the other noteworthy winners.
Worldwide Cues
Sanae Takaichi became Japan’s first female prime minister after the ruling Liberal Democratic Party elected her as its new leader, causing the Nikkei 225 to jump more than 4% to a record high on a global scale. Due to holidays, South Korean and Chinese markets were closed.
Wall Street in the United States ended Friday on a mixed note as investors ignored worries about a possible government shutdown. Important economic data releases, such as Friday’s expected September jobs report, have been postponed due to the closure. The Nasdaq dropped 0.28 percent, the Dow Jones rose 0.51%, and the S&P 500 ended the day up 0.01 percent.
Concerns over oversupply were allayed when Opec+ announced a lower-than-expected monthly output hike, which caused oil prices to rise in the commodities market. The price of a barrel of Brent crude increased by 63 cents, or about 1%, to $65.16. Due to demand for safe haven assets amid concerns over the US shutdown and anticipation of additional rate cuts by the Federal Reserve, gold prices surged to a new all-time high above $3,900 an ounce. At $3,910.09 an ounce, spot gold was up 0.6% last time.
