Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Thursday. While BSE Sensex moved up 400 points, Nifty50 was above 25,000. At 9:19 AM, BSE Sensex was trading at 81,803.65, up 280 points or 0.34%. Nifty50 was at 25,013.55, up 95 points or 0.38%.
Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal, said, “We expect the market to consolidate at a higher zone ahead of key events.Rate-sensitive sectors are expected to be in focus along with stock-specific action.”
According to Devarsh Vakil of HDFC Securities, the recent swing low of 24,753 is expected to provide short-term support for the Nifty, while 25,200 remains a strong resistance level.
In global markets, S&P 500 futures remained relatively unchanged as of 9:06 a.m. Tokyo time. Japan’s Topix rose 2.3%, while Australia’s S&P/ASX 200 gained 0.2%. Euro Stoxx 50 futures also saw a 0.2% increase.
In the forex market, the euro remained stable at $1.1010, while the Japanese yen fell 0.3% to 142.79 per dollar. The offshore yuan was little changed at 7.1282 per dollar.
Oil prices remained steady on Thursday, with concerns about reduced demand offsetting the previous session’s gains, which were driven by the impact of Hurricane Francine on U.S. production. Brent crude futures for November increased by 24 cents, or 0.34%, to $70.86 per barrel, while U.S. crude futures for October rose by 20 cents, or 0.30%, reaching $67.52 at 0044 GMT.
Several stocks are under the F&O ban today, including Balrampur Chini Mills, Hindustan Copper, ABFRL, RBL Bank, Chambal Fertilisers, Bandhan Bank, and Biocon. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
Foreign portfolio investors (FPIs) turned net buyers, purchasing shares worth Rs 1,755 crore on Wednesday, while domestic institutional investors (DIIs) sold shares worth Rs 231 crore.
The net long position of FIIs reduced from Rs 1.57 lakh crore on Tuesday to Rs 1.51 lakh crore on Wednesday.
Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal, said, “We expect the market to consolidate at a higher zone ahead of key events.Rate-sensitive sectors are expected to be in focus along with stock-specific action.”
According to Devarsh Vakil of HDFC Securities, the recent swing low of 24,753 is expected to provide short-term support for the Nifty, while 25,200 remains a strong resistance level.
In global markets, S&P 500 futures remained relatively unchanged as of 9:06 a.m. Tokyo time. Japan’s Topix rose 2.3%, while Australia’s S&P/ASX 200 gained 0.2%. Euro Stoxx 50 futures also saw a 0.2% increase.
In the forex market, the euro remained stable at $1.1010, while the Japanese yen fell 0.3% to 142.79 per dollar. The offshore yuan was little changed at 7.1282 per dollar.
Oil prices remained steady on Thursday, with concerns about reduced demand offsetting the previous session’s gains, which were driven by the impact of Hurricane Francine on U.S. production. Brent crude futures for November increased by 24 cents, or 0.34%, to $70.86 per barrel, while U.S. crude futures for October rose by 20 cents, or 0.30%, reaching $67.52 at 0044 GMT.
Several stocks are under the F&O ban today, including Balrampur Chini Mills, Hindustan Copper, ABFRL, RBL Bank, Chambal Fertilisers, Bandhan Bank, and Biocon. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
Foreign portfolio investors (FPIs) turned net buyers, purchasing shares worth Rs 1,755 crore on Wednesday, while domestic institutional investors (DIIs) sold shares worth Rs 231 crore.
The net long position of FIIs reduced from Rs 1.57 lakh crore on Tuesday to Rs 1.51 lakh crore on Wednesday.
