Business

Nifty, Sensex Open Flat Amid Mixed Global Cues

Indian benchmark indices opened flat on Tuesday as investors reacted to mixed global cues following the overnight extension of the US-China trade truce for another 90 days.

The BSE Sensex rose 80 points, or 0.10%, to 80,684, while the Nifty 50 inched up 0.11% to 24,612. Broader market indices also saw buying interest, with the BSE SmallCap gaining 0.39% and the BSE MidCap climbing 0.06%.

On the sectoral front, Nifty IT advanced 0.79% and Nifty Metal gained 0.60%. Most other indices showed mixed trends, with modest gains and losses ranging between 0.10% and 0.40%.

Top Gainers and Losers

Hero MotoCorp led the Nifty gainers, followed by Tata Steel and TCS.

Dr Reddy’s Laboratories topped the losers’ list with a 0.91% decline, trailed by ICICI Bank, HDFC Bank, Grasim, and Bajaj Finance.

“Technically, a decisive move above 24,650 could pave the way for an upside towards 24,850, with immediate support at 24,500 and 24,330, both attractive zones for new long positions,” said Amruta Shinde of Choice Broking.

Global Market Cues

Asia-Pacific markets traded mostly in the green as the US-China trade truce boosted investor sentiment. The truce, extended until November 10, pauses US plans to impose 145% tariffs on Chinese goods and China’s retaliatory 125% duties on US shipments.

In the US, the Dow Jones fell 0.45%, the S&P 500 declined 0.25%, and the Nasdaq Composite slipped 0.30%.

Japan’s Nikkei surged 2.46% to a record high, China’s Shanghai Composite gained 0.41%, and the Shenzhen Composite rose 0.19%. South Korea’s Kospi added 0.40%, while Hong Kong’s Hang Seng Index remained flat.

On Monday, foreign institutional investors (FIIs) sold equities worth around ₹1,200 crore, while domestic institutional investors (DIIs) were net buyers, purchasing equities worth ₹5,972 crore.

Also Read: Adani Group And Indian Army Build Modern Auditorium At Pinewood School Near LoC

Purnima Mishra

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