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Business News›Markets›Stocks›Live Blog›Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a negative start; Asian shares trade mixed LIVE BLOG Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty fell 38.5 points, or 0.17%, to 22,690, signalling a negative start for Indian equity markets on Thursday. Synopsis Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty on NSE IX was trading 38.5 points, or 0.17%, lower at 22,690, signalling a negative start for Dalal Street on Thursday. Analysts say 23,175, Monday’s high, is a key resistance level to watch. A sustained move above this level could trigger a pullback towards 23,300 and 23,500 in the coming sessions. The latter levels are near the 50% retracement zone of the recent decline from 24,774 to 22,180. US equity-index futures fell in early Asian trading as mixed earnings from megacap companies raised questions about the sustainability of this week’s rebound in artificial intelligence stocks. Crude oil prices climbed amid renewed tensions in the Middle East. Nasdaq 100 futures declined 0.6%, while S&P 500 futures fell 0.4%, following contrasting results from Tesla and Meta Platforms. Tesla shares dropped 3.1% in after-hours trading after the automaker lowered its capital expenditure forecast. Meta, however, gained 2% after the company outlined plans to increase spending on artificial intelligence. Show more 1 New Update US stocks closed higher on Wednesday, led by the tech-heavy Nasdaq, as quarterly results from SpaceX and Super Micro Computer boosted investor appetite for artificial intelligence-related stocks. However, weakness in communication services shares limited the broader market's gains. Asian markets traded mixed in early Thursday deals, with South Korean shares declining 0.2%, while Japanese equities edged higher. Several stocks, including Reliance Industries, Eternal, Alkem Laboratories, BEL, HPCL, Swiggy and GMDC, are likely to remain in focus on Thursday, October 22, as investors track September-quarter earnings, credit rating actions, fundraising plans, regulatory developments and new business wins. GIFT Nifty on the NSE IX traded lower by 38.5 points, or 0.17 per cent, at 22,690, signaling that Dalal Street was headed for a negative start on Thursday. Wild swings during the closing auction session (CAS) continued on Wednesday, with the Sensex and Nifty ending above their pre-CAS levels after a sharp selloff wiped out more than Rs 8 lakh crore from the market capitalisation of BSE-listed companies. The Sensex stood at 73,509 when the market entered the CAS session, following the end of regular trading in stocks included in the futures and options (F&O) segment. The benchmark’s indicative price quickly recovered all its losses, briefly rising to nearly 73,872 before surrendering the gains and slipping back into negative territory. However, the index closed at 73,710, around 200 points above its pre-CAS level. Indian equity benchmarks extended their decline for a second consecutive session on Wednesday as selling pressure spread beyond heavyweight stocks. The Nifty 50 fell 78 points, or 0.34%, to close at 22,811, while the BSE Sensex declined 143 points, or 0.19%, to settle at 73,710.
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