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Market Closing: Sensex, Nifty End Flat; Realty, PSU Banks Lead

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Indian markets began the week on a weak note, dragged by selling in IT and private banking stocks.

Sensex Today

Sensex Today: Indian markets began the week on a weak note, dragged by selling in IT and private banking stocks.

The BSE Sensex opened at 83,788, down 150 points or 0.18%, while the Nifty50 slipped 59 points or 0.23% to 25,663.

In broader trade, the Nifty Midcap index was flat, while the Smallcap index gained 0.5%.

Global Cues

Globally, investors are awaiting key macro data, including China’s manufacturing figures due later today, as well as US updates on auto sales, household debt, and factory activity. Domestically, traders will watch the HSBC Manufacturing PMI Final for October for cues on economic momentum.

Across Asia, markets opened mixed after Wall Street finished higher on Friday. South Korea’s Kospi gained 1.04%, while Australia’s S&P/ASX 200 slipped 0.40%. Japan’s markets are shut for a public holiday.

On Friday, October 31, US stocks advanced, led by optimism around Amazon’s upbeat outlook. Gains were capped by caution over the Federal Reserve’s approach to future rate cuts. The S&P 500 rose 0.26%, the Nasdaq climbed 0.61%, and the Dow Jones ended higher as well.

Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

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