Stock Market Live Updates Today: Nifty, Sensex Eye Steady Start Amid India-US Trade Talks
The Nifty index heads into Thursday’s crucial weekly options expiry session after shedding nearly 200 points so far this week. The index struggled to stay above key levels, failing to close above the 25,500 mark on Wednesday and even slipping below 25,400 intraday before managing to defend those levels by close.
Despite a mild recovery from the day’s lows, broader market sentiment remained weak. The advance-decline ratio stayed firmly skewed towards declining stocks, indicating widespread pressure. The day’s low of 25,378 now serves as the immediate downside support, while the index continues to face resistance near the 25,600 mark.
In addition to the weekly expiry, markets will also respond to fresh global developments, particularly the trade agreement signed overnight between the United States and Vietnam. This deal could impact India’s apparel sector, bringing stocks such as Gokaldas Exports into focus.
Gold prices edged higher on Wednesday, buoyed by caution ahead of key US economic releases including non-farm payrolls, jobless claims, and trade data. Spot gold rose 0.3 per cent to $3,348.60 per ounce, while US gold futures closed 0.3 per cent higher at $3,359.70.
Oil prices also climbed after Iran announced it would suspend cooperation with the United Nations’ nuclear watchdog. However, gains were limited due to an unexpected rise in US crude inventories. Brent crude jumped 2.98 per cent to settle at $69.11 per barrel, while US West Texas Intermediate (WTI) crude advanced 3.06 per cent to $67.45 per barrel.
Tata Consultancy Services (TCS) has launched an AI Innovation Centre in Singapore to support 60 local SMEs and startups. The company is aiming to accelerate digital transformation and drive job creation. As part of the initiative, TCS will recruit 50 graduates from local universities and provide specialized training in data science and cybersecurity. A global leader in IT services, consulting, and business solutions, TCS operates in 55 countries and has maintained a presence in Singapore since 1985.
The government plans to sell assets associated to Mahanagar Telephone Nigam Limited (MTNL) to several state and central government entities. To accelerate the procedure, the extensive valuation and bidding procedures will be streamlined, with assets being priced reasonably. This change is expected to improve the company’s financial health, facilitating timely payments to vendors, employees, and pensioners. Over the past 12 months, MTNL’s stock has been trading within a price range of approximately 40 to 50 INR.
Stock market today started on a strong footing, with both the Sensex and Nifty climbing steadily. The rally is being driven by upbeat signals from Asian markets and growing optimism around a potential India-US trade agreement.The BSE Sensex closed up by 383.61 points, or 0.46%, at 83,793.30, while the NSE Nifty gained 110.30 points, or 0.43%, settling at 25,563.70.Stocks like Oil & Natural Gas Corporation, Mahindra & Mahindra, Apollo Hospitals Enterprise, Maruti Suzuki India, and Hindalco Industries led the charge, reportedly rising by as much as 2%. Analysts say this surge is fueled by multiple factors, most notably the excitement...
The stock market opened on a steady note but soon moved into positive territory today morning.
As of 9:20 a.m., the Sensex was up 239.47 points, or 0.29%, at 83,649.16 after a flat start at 83,540.74. Meanwhile, the Nifty 50 rose 79.10 points, or 0.31%, to trade at 25,532.50.
On the domestic front, July crude oil futures on the Multi Commodity Exchange (MCX) were priced early Thursday morning at ₹5,739, slipping 0.24% from the previous close of ₹5,753, reports suggest. August contracts were also reportedly down 0.23%, trading at ₹5,641 compared to the previous close of ₹5,654.
The dip was reported after official data pointed to an unexpected build in US crude inventories, dampening sentiment in the oil markets.