Thrilling Stock Market LIVE Updates: Sensex Soars 650pts to Record 82,000, Nifty Hits 25,150; Sept WPI Impresses at 1.84%
On Monday, October 14, 2024, Indian stock markets experienced gains, underpinned by Wall Street’s record high on Friday. By 11:10 AM, the BSE Sensex rose by 463.92 points (0.57%) to reach 81,845.28, while the Nifty 50 climbed 128.20 points (0.51%) to 25,092. JSW Steel led gains on the Sensex, while Axis Bank headed the decliners. On the Nifty 50, Wipro was the strongest performer. Sector-wise, most indices, including Metal and PSU Bank, traded higher, although Pharma, Healthcare, and Consumer Durables lagged.
In contrast, India’s stock markets closed lower on Friday, with the Sensex dropping 230.05 points (0.28%) and the Nifty 50 slipping 34.20 points (0.14%). However, midcap and smallcap indices outperformed. Investors are also monitoring September’s inflation data, anticipated to exceed the Reserve Bank of India’s 4% target. Meanwhile, HCL Tech and Reliance Industries are set to release Q2 results.
In Asia, markets opened positively on Monday, buoyed by a briefing from China’s Finance Minister indicating potential deficit spending to boost the economy, despite ongoing deflationary pressures. The Shanghai Composite and CSI 300 indices gained modestly, while Hong Kong’s Hang Seng index dipped and other regional markets showed mixed results.
Globally, markets climbed on Friday, driven by robust US bank earnings. The Dow and S&P 500 reached record highs, although Tesla’s shares fell significantly. The US producer price index remained unchanged, reinforcing expectations for Federal Reserve rate cuts. While US Treasury yields fluctuated, the US dollar index edged slightly higher. Crude oil prices fell but marked a weekly rise amid concerns over potential disruptions in supply.
Original Story https://www.business-standard.com/markets/news/stock-market-live-updates-today-sensex-nifty-nse-bse-ril-hcl-q2-results-hyundai-ipo-124101400056_1.html
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