Stock Market Today Live Updates: NSE Nifty50 trades above 22,650 BSE Sensex jumps over 400 points

Stock market today: BSE Sensex, NSE Nifty50 open on flat note BSE Sensex opened on a flat note, rising 69.86 points, or 0.10%, to 72,452.33, while Nifty gained 0.12% to 22,581..Stock market today: Rupee begins session on weak note Rupee began the session on a negative note, falling 6 paise to 96.41 against US dollar. .Benchmark Nifty has shown signs of relief recovery after testing the crucial long-term support zone around 22,400-22,600. Going ahead, the 22,650-22,800 zone is likely to act as the immediate hurdle .Stock market today: RBI policy, oil and support levels shape market outlook Indian shares were expected to open higher, with GIFT Nifty futures at 22,648 points at 7:19 a.m. IST, indicating a positive start for the Nifty 50 after its 22,555.75 close. The rebound followed gains of about 0.6% in the Nifty and 0.7% in the Sensex in the previous session. Lower oil prices and reduced concerns over aggressive US monetary tightening supported sentiment, while positive quarterly updates from select financial companies also aided the advance. Religare Broking said the Nifty had shown signs of a relief recovery after testing the 22,400-22,600 support zone, with 22,650-22,800 likely to act as the immediate hurdle. Attention was set to turn to the RBI's rate decision, with a 25-basis-point hike widely expected..Stock market today: Rupee weakness adds to policy focus ahead of RBI decision Weakening rupee was among the factors shaping expectations ahead of the Reserve Bank of India's policy decision, alongside crude prices remaining above $100 a barrel. Market consensus had converged on a 25-basis-point rate hike, which would mark the RBI's first increase since February 2023. The rate decision was also being viewed against the backdrop of the weakest monsoon in a decade. Investors had increased their bets on a rate increase, with almost 60% of economists in a Reuters poll expecting a 25-basis-point hike. IDFC First Bank expected the RBI to begin its rate-hiking cycle while retaining a neutral stance, with a cumulative 75 basis points of hikes projected by February 2027. The input does not provide a specific rupee level or percentage move..Stock market today: Global stocks gain as tech rally lifts sentiment Asian stocks opened with modest gains after a tech-led rally on Wall Street pushed the S&P 500 close to a record high. MSCI's Asia Pacific Index edged up 0.1%, while gains in Nvidia and Microsoft helped the S&P 500 advance. Japan's Nikkei rose 0.19%, Australia's ASX 200 gained 0.66%, Shanghai added 0.31% and Hong Kong's Hang Seng climbed 0.82%. Taiwan's index declined 0.21%, while South Korea's Kospi fell 0.61%. The Shenzhen index was down 0.11%, Singapore's STI slipped 0.27% and Malaysia gained 0.41%. The positive global backdrop followed softer-than-expected US jobs data, which reduced fears of further monetary tightening by the US Federal Reserve and supported positive momentum across global markets..Stock market today: Oil prices hover near $100 as supply concerns ease Oil prices remained close to the $100-a-barrel mark after declining in the previous session, with resilient Middle Eastern crude exports and the G7's emergency stockpile release easing some supply concerns. Brent crude futures were down 4 cents at $100.28 a barrel, while US West Texas Intermediate crude futures fell 11 cents, or 0.1%, to $89.33 a barrel. Crude exports from the Middle East exceeded pre-war levels on four days during the last week of September, according to shipping data. The G7 had also agreed to release 100 million barrels of diesel and crude from emergency reserves and pledged to refrain from energy export restrictions. However, attacks by Yemen's Houthis on Saudi targets continued to keep traders wary of risks to Gulf supplies..Stock market recap: Stock market ends higher after rebound from selloff Benchmark equity indices ended Monday’s session with gains, marking a recovery after a spell of heavy selling. BSE Sensex climbed 472.77 points, or 0.66%, to settle at 72,382.47, after rising as much as 722.23 points, or 1%, to 72,631.93 during the session. NSE Nifty50 advanced 133.80 points, or 0.60%, to close at 22,555.75. Buying interest was supported by easing concerns over oil supplies and positive global cues. Among Sensex constituents, ITC, Eternal, Bharti Airtel, Bajaj Finance, Adani Ports, ICICI Bank, Reliance Industries and Larsen & Toubro were among the major gainers. HCL Tech, HDFC Bank, Sun Pharma, Infosys and Asian Paints ended among the laggards.