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Business News›Markets›Stocks›Live Blog›Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a muted start; Asian shares trade lower LIVE BLOG Sensex Today | Nifty 50 | Stock Market Live Updates: : Analysts expect the index to consolidate while recovering gradually, though volatility in the broader market may persist. Synopsis Sensex Today | Nifty 50 | Stock Market Live Updates: Indian equities extended their recovery for a second consecutive session on Friday, supported by sustained buying in IT stocks. Strong quarterly earnings and positive management commentary boosted investor confidence in the sector’s earnings outlook. The benchmark Nifty rose 0.7% on Friday, extending the previous session’s gains despite a subdued start. Analysts expect the index to consolidate while recovering gradually, though volatility in the broader market may persist. The Nifty 50 gained 149 points, or 0.65%, to close at 23,146. According to Hariselvan Radhakrishnan, founder and CEO of HST Wealth, a sustained close above 23,150 could pave the way for a recovery towards 23,300–23,500. However, he noted that Bank Nifty must break above 56,000 and broader market participation must improve to make the rally sustainable. A failure to hold above 23,000, he cautioned, would indicate a narrow and vulnerable recovery. Show more 1 New Update US stock-index futures rebounded after last week’s selloff in chip stocks, offering some relief ahead of key earnings that could determine the market’s direction as pressure on the artificial intelligence trade mounts. Oil prices declined. Asian markets declined on Monday as concerns over the massive funding requirements of artificial intelligence weighed on investor sentiment ahead of a busy earnings week. The euro also weakened following rioting in France. Shares of Vedanta, HDFC Bank, ICICI Bank, Axis Bank, YES Bank, Oil India, Zen Technologies, HFCL and IREDA, among others, will be in focus on Monday, October 19, as investors track quarterly earnings, corporate announcements, fundraising plans and regulatory developments. GIFT Nifty on NSE IX rose 25 points, or 0.11%, to 23,119.5, signalling a muted start for the domestic equity market on Monday. Benchmark indices Sensex and Nifty extended their gains for a second consecutive session on Friday, supported by sustained buying in IT stocks, which advanced for the fourth straight session. Auto, metal and PSU banking stocks also contributed to the market rally. Benchmark indices Sensex and Nifty extended their gains for a second consecutive session on Friday, supported by sustained buying in IT stocks, which advanced for the fourth straight session. Gains in auto, metal and PSU banking stocks also bolstered market sentiment.
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