Stocks

Share Market News for October 23: Positive Outlook for Sensex and Nifty

Published October 23, 2024

Share Market Trends; Global Market Insights: As of approximately 7:20 am today, October 23, the indices Sensex and Nifty are expected to begin on a positive note. The GIFT Nifty futures, which serve as a key predictor for the Nifty 50 index, have shown a slight increase of 9.20 points, translating to 0.04 percent, reaching a level of 24,547 just ahead of the market opening on Dalal Street.

Global Market Performance

An overview of major global indices:

  • Nasdaq finished higher at 18,573.13, marking an increase of 33.12 points or 0.18 percent.
  • S&P 500 closed with a slight decline at 5,841.47, down by 2.78 points or 0.05 percent.
  • Japan's Nikkei 225 dropped by 21.67 points, or 0.06 percent, closing at 38,390.29.
  • South Korea's KOSPI saw a rise of 9.36 points, or 0.36 percent, reaching 2,580.06.
  • Hong Kong's Hang Seng gained 26.49 points, or 0.13 percent, to end at 20,525.44.
  • Singapore's Straits Times reported a rise of 26.54 points, or 0.74 percent, closing at 3,613.95.

Recap of Previous Trading Session

In the prior session on October 22, the domestic market indices recorded a decline. The Sensex concluded at 80,220.72, down 930.55 points or 1.15 percent, while the Nifty 50 closed at 24,472.10, decreasing by 309.00 points or 1.25 percent. The following lists highlight the top performers and underperformers of that session:

Nifty 50 Top Losers

BEL -3.79
M&M -3.63
COALINDIA -3.36
ADANIENT -3.29
SBIN -2.97
POWERGRID -2.79
TATASTEEL -2.66
GRASIM -2.62
BPCL -2.53
HINDALCO -2.51
TATAMOTORS -2.41
INDUSINDBK -2.35
LT -2.28
NTPC -2.22
HDFCLIFE -2.16
BAJFINANCE -1.99
SHRIRAMFIN -1.98
RELIANCE -1.98
MARUTI -1.81
BAJAJFINSV -1.75
TATACONSUM -1.69
ONGC -1.66
TCS -1.47
JSWSTEEL -1.42
ASIANPAINT -1.26
APOLLOHOSP -1.24
TRENT -1.17
HEROMOTOCO -1.15
AXISBANK -1.12
EICHERMOT -1.06
TITAN -0.99
CIPLA -0.85
BAJAJ-AUTO -0.81
HDFCBANK -0.8
ADANIPORTS -0.76
KOTAKBANK -0.71
BRITANNIA -0.66
DRREDDY -0.65
SBILIFE -0.63
ULTRACEMCO -0.61
TECHM -0.54
HCLTECH -0.51
SUNPHARMA -0.38
WIPRO -0.38
ITC -0.24
HINDUNILVR -0.17
BHARTIARTL -0.15

Nifty 50 Top Gainers

ICICIBANK 0.74
NESTLEIND 0.1
INFY 0.04

Key Focus Areas for Investors Today

This session will see several stocks capturing the attention of traders and investors alike.

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Market, Stocks, Nifty