Indian Shares Set For Muted Opening
- On Monday, Indian equity benchmark indices, the BSE Sensex and Nifty, opened little changed in the green, tracking mixed cues from global markets.
- Asian stocks slipped amid heavy AI investment spending and geopolitical tensions, with Japan's Nikkei down 0.73 per cent and Hong Kong's Hang Seng gaining 0.51 per cent, while Brent crude remained elevated near $108 a barrel.
- Adani Ports led early gainers, rising 0.83 per cent, while Axis Bank fell 3.35 per cent as market breadth turned negative with 1,405 stocks declining against 990 advancing on the NSE.
- Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, noted positive private-bank earnings could help the market move above 23,150, while Bank Nifty must clear 56,000 to confirm recovery broadening beyond IT.
- Corporate earnings from Infosys and UltraTech Cement, alongside RBI MPC meeting minutes, the Jio Platforms IPO, and flash Purchasing Managers' Index readings, will shape market momentum this week.
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Bulls retreat as Sensex falls over 300 points, Nifty slips below 23,100. What's next for D-Street?
The Indian stock market took a hit on Monday after a considerable rise the previous week. Both Sensex and Nifty struggled, with Axis Bank and HDFC Bank suffering significant losses. Nevertheless, firms like SBI and UltraTech Cement managed to post gains. The PSU Bank index rose, providing a stark contrast to the declining private banking sector.
Sensex, Nifty Open Flat as High Crude Oil Prices Offset Banking Stocks Gains
Get latest articles and stories on Business at LatestLY. The stock markets in the country opened largely flat on Monday as elevated crude oil prices amid escalating tensions in the Strait of Hormuz offset support from recent gains in the market and positive corporate earnings. Business News | Sensex, Nifty Open Flat as High Crude Oil Prices Offset Banking Stocks Gains.
Crude fears clip wings; Axis Bank dives 3.84% as Sensex, Nifty open flat
Technically, the Nifty faces immediate resistance at 23,150–23,200, with support at 23,000–22,900. Bank Nifty must clear the 56,000–56,100 zone to confirm that the recovery is broadening beyond IT.
19 October, 2026 Stock Market Updates: Sensex opens in green, Nifty flat, Axis Bank drops over 3%
Asian stocks slipped amid concerns over heavy AI investment spending and geopolitical tensions, as crude oil prices are adding to uncertainty over the broader market outlook.
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