Stock Market Today: Sensex, Nifty Open Higher Amid Crude Price Pullback; Tata Stocks in Focus
- On Friday, the National Stock Exchange and Sensex recorded a sixth consecutive weekly decline, marking the longest losing streak since 2020 as crude prices above $100 per barrel and tighter global monetary policy weighed on markets.
- Middle East tensions sustaining crude prices above $100 per barrel, combined with elevated global bond yields and high U.S. interest rates, diminish emerging market appeal for foreign investors seeking better returns.
- Tata Group stocks fell 2.5% to 11.1% amid leadership uncertainty at holding company Tata Sons, while insurers HDFC Life and SBI Life gained 4% and 2.8% respectively on improved sector transparency.
- Strong demand for domestic IPOs, including the $2.3 billion NSE IPO fully subscribed on its second day, drained liquidity from the secondary market despite bargain buying on Friday.
- Saurabh Jain, deputy vice President of equities at SMC Global, noted Friday's gains stemmed from "bargain buying after the recent oversold conditions," not a meaningful sentiment shift, as 16 major sectors logged weekly losses.
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Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities extended their recovery, with Nifty gaining 0.33% as moderation in crude and global yields supported sentiment. Sensex slipped 0.03%, while broader markets outperformed. Here are 10 key factors that could influence Friday’s market action.
Sensex, Nifty end flat as Tata stocks tumble, crude oil eases marginally
Indian equities ended mixed on Friday as easing crude and bargain buying lifted the Nifty while Tata and IT stocks dragged the Sensex. The session kept focus on Tata Sons uncertainty, IPO-driven liquidity shifts and whether lower oil and yields can sustain the recovery.
Sensex, Nifty gain as lower oil prices and global cues offset IT, Tata stocks drag
Equity benchmarks traded with marginal gains in the afternoon session on Friday, with lower oil prices and positive global market trends supporting sentiment despite weakness in IT companies and several Tata Group stocks.
Stock markets trade higher amid easing crude oil prices
Mumbai: Benchmark equity indices Sensex and Nifty rallied in early trade on Friday, September 18, amid easing crude oil prices and a positive trend in global markets. The 30-share BSE Sensex climbed 162.87 points to 74,483.56 in early trade. The 50-share NSE Nifty was up 43.90 points to 23,315.25. Among the 30 Sensex firms, Bharti … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories on What…
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