Stock market today LIVE: Gift Nifty signals relief rally for Sensex, Nifty | RBI MPC, IT, HDFC Bank, OMC stocks in focus
AI Summary
The cautious optimism in the Indian stock market, driven by easing U.S. employment concerns and potential recovery in IT stocks post-Accenture's results, presents a mixed bag for retail investors. While the early positive signals from GIFT Nifty futures are encouraging, the looming geopolitical tensions and high crude prices may create volatility, particularly in sectors sensitive to energy costs. Investors should remain vigilant and consider focusing on the Nifty FPI heatmap to identify resilient stocks, especially within the IT sector, as foreign institutional investors continue to show interest.
Stock market today LIVE: The key benchmark indices of the Indian stock market are likely to open on a cautiously positive note, with GIFT Nifty futures trading above 22,600 against the Nifty 50’s previous close of 22,422, pointing to an early recovery attempt. Softer-than-expected U.S. employment data has eased some immediate concerns over further Federal Reserve tightening at its October meeting, offering a degree of support to global risk appetite. However, elevated Treasury yields, persistent foreign selling and renewed geopolitical risks could limit the upside and keep investors guarded through the session.
Crude oil remains central to the market outlook. WTI is trading around $90 a barrel, while Brent remains near $102, following an initial pullback on expectations of improved energy supply and diplomatic progress. That optimism has since been tempered by renewed tensions in the Middle East. Tehran has warned that the Strait of Hormuz will not fully reopen until its conditions are met, while Yemen’s Houthis have claimed attacks targeting Saudi Aramco facilities. The developments have revived concerns over regional energy supplies, leaving crude prices vulnerable to further volatility.
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Published on Livemint
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