Stock Market Today Live Updates: Sensex jumps 900 points, Nifty near 23,300
The Sensex surged over 900 points and the Nifty moved above 23,300 in early trade on Monday as investors responded to strong earnings from Reliance I
Sensex rises 1.2%, Nifty gains 1% as easing oil prices lift sentiment he BSE Sensex was up 1.2 per cent at 75,389, while the NSE Nifty 50 advanced 1 per cent to 23,300 at 10:10 am. Softer crude oil prices amid hopes of progress in talks to end the Iran war and a rally in Reliance Industries following stronger-than-expected September-quarter earnings supported investor sentiment..Nifty jumps 272 points, hits intraday high of 23,330 in early trade The NSE Nifty 50 rose 271.85 points, or 1.18 per cent, to 23,324.95 in early trade at 9.51 am. The index touched an intraday high of 23,330.70, after opening at 23,222.30 against its previous close of 23,053.10. .Sensex surges 1,000 points in early trade, gains 1.35% The BSE Sensex jumped 1,003.31 points, or 1.35 per cent, to 75,462.84 at 9:51 am in early trade. The index had opened at 75,178.24, against its previous close of 74,459.53, and touched an intraday high of 75,471.26. .Reliance jumps 6%, set for best day since January 2024 on strong O2C, Jio growth Reliance Industries shares surged 6 per cent to Rs 1,232.50 in early trade, putting the stock on track for its best session since January 2024. The rally followed a 40.6 per cent rise in September-quarter net profit, driven by stronger refining and petrochemical margins and steady growth at Jio. Weakness in retail remained a concern, with investments in quick commerce and cost pressures weighing on earnings. .Nifty gains 216 points in early trade, climbs nearly 1% The NSE Nifty 50 rose 216.40 points, or 0.94 per cent, to 23,269.50 in early trade, after opening at 23,222.30 against its previous close of 23,053.10. The index touched an intraday high of 23,292.55 and a low of 23,211.80. Market breadth remained positive, with 38 stocks advancing, 11 declining and one unchanged. .Sensex jumps over 800 points in early trade, gains 1.13% The BSE Sensex surged 839.27 points, or 1.13 per cent, to 75,298.80 in early trade, after opening 718.71 points higher at 75,178.24. The index touched an intraday high of 75,366.06. The NSE Nifty 50 also gained nearly 0.9 per cent, trading above the 23,250 mark. Falling crude oil prices amid hopes of a diplomatic breakthrough in the Iran conflict and strong September-quarter earnings from Reliance Industries have said to have supported investor sentiment..Stock market today: Reliance, Tata Steel, NTPC lead Nifty gainers; Sun Pharma, Apollo Hospitals lag Reliance Industries led Nifty 50 gainers, rising 4.86 per cent, followed by Tata Steel at 3.44 per cent and NTPC at 3.43 per cent. Max Healthcare and Jio Financial Services also advanced over 2.5 per cent each. Coal India, Maruti Suzuki and Power Grid were among the other notable gainers. On the downside, Sun Pharma fell 1.36 per cent, while Apollo Hospitals declined 1.14 per cent. Most index constituents traded in the green, while Axis Bank was flat. .Stock market today: Reliance leads Sensex gainers with nearly 5% jump; Tata Steel, NTPC follow Reliance Industries was the top Sensex gainer, rising 4.92 per cent at 9:25 am, followed by Tata Steel, which advanced 3.46 per cent, and NTPC, up 3.28 per cent. Maruti Suzuki gained 2.26 per cent, while BEL rose 1.76 per cent. Power Grid, SBI and Asian Paints were among the other notable gainers. Sun Pharma was the biggest laggard, falling 1.5 per cent. .Nifty opens 169 points higher at 23,222, gains 0.73% The NSE Nifty 50 opened at 23,222.30, up 169.20 points from its previous close of 23,053.10. .Stock market today: Sensex opens over 700 points higher, gains 0.96% The BSE Sensex opened at 75,178.24, up 718.71 from its previous close of 74,459.53, marking a positive start for the week..Indian stocks may rebound on resilient earnings, 7% growth outlook: Axis AMC Indian equities could recover in the remaining months of the financial year, supported by resilient corporate earnings and steady economic growth, said Sachin Relekar, senior equity fund manager at Axis Asset Management Company. "While markets are grappling with peak macro uncertainty from elevated crude prices, geopolitical tensions and global monetary tightening, India's sustained growth above 7% could brighten the outlook," Relekar said. "In some cases, earnings have moved forward but prices have not moved as much due to global factors. That said, the risk-reward is much better than it was a year ago, which will help a rebound," he added..South Korean shares rebound on dip buying after record October export growth South Korean shares recovered from an early decline to trade higher, supported by dip buying and strong export growth. The benchmark KOSPI rose 0.34 per cent to 5,750.23 after falling nearly two per cent earlier in the session. South Korea's exports nearly doubled in October, marking their sharpest jump in more than 50 years, as robust global demand for AI-related investment boosted chip shipments. The strong data lifted expectations of further upgrades to corporate earnings forecasts. However, concerns over heavy AI spending on Wall Street weighed on sentiment at the opening. Samsung Electronics fell 1.11 per cent, while rival SK Hynix gained 0.92 per cent. Foreign investors remained net sellers, offloading shares worth 344 billion won. The Korean won weakened 0.24 per cent to 1,337.5 against the dollar, while government bond yields rose. .Japan's Nikkei slips as Kioxia plunges 13%, gains in Tokyo Electron limit losses Japan's Nikkei fell 0.31 per cent at midday break, weighed down by a 13.29 per cent plunge in memory chipmaker Kioxia after its December-quarter outlook disappointed investors. The broader Topix declined 0.84 per cent. Losses were limited by gains in Tokyo Electron, which rose 5.11 per cent after forecasting a 50 per cent increase in annual net profit, and Panasonic, which advanced 5.16 per cent after raising its full-year operating profit forecast by 20 per cent. The weakness in Japanese stocks followed a sharp fall on Wall Street on Friday, with concerns over heavy AI-related spending weighing on technology shares. Banking stocks also came under pressure, with Mitsubishi UFJ, Sumitomo Mitsui and Mizuho falling more than two per cent each..Sensex, Nifty set for gains as oil cools on Iran talks, Reliance earnings beat estimates Indian equity benchmarks are likely to open higher, supported by a decline in crude oil prices amid hopes of a diplomatic breakthrough in the Iran conflict and stronger-than-expected earnings from Reliance Industries. GIFT Nifty was trading at 23,258.5 at 7:58 am, signalling a positive start for the Nifty 50, which closed at 23,053.1 on Friday. Brent crude fell to around $111 a barrel from a six-month high of $118. Foreign investors bought Rs 36 billion worth of Indian equities on Friday, extending their buying streak to six sessions in the past 10 trading days. Reliance Industries reported a 40.6 per cent rise in September-quarter net profit, driven by its energy business and Jio Platforms. Auto stocks will be in focus after October sales data, with Maruti Suzuki reporting a 21 per cent rise in total sales. Bharat Electronics also reported strong quarterly earnings, while Sun Pharma faces regulatory restrictions on ophthalmic products manufactured at its Assam facility. .Asian stocks mixed as tech selloff continues; oil slides on hopes of US-Iran talks Asian markets were mixed as technology stocks struggled to recover from last week's selloff, triggered by concerns over heavy AI investments and disappointing earnings signals from major tech companies. Japan's Nikkei fell 0.3 per cent, while Hong Kong's Hang Seng and Shanghai Composite gained 0.3 per cent each. South Korea's Samsung slipped, while Taiwan's TSMC rose. Oil prices dropped more than two per cent after reports that US President Donald Trump wanted negotiations with Iran to continue rather than resume military action after the US midterm elections. However, Trump reiterated his threat of fresh strikes, while Tehran warned that any renewed conflict could last longer. Investors were also tracking the US midterm elections, with Democrats expected to make significant gains and potentially take control of the House of Representatives. Apple, AMD and Palantir earnings due this week will offer further cues on the technology sector.
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