Stock Market Today: The HDFC Securities’ Nagaraj Shetti thinks the Nifty’s recent upswing will last for the near future. “In the near future, the 19,250 and 19,450 levels are the key obstacles to be aware of. 19,050 is the immediate support level, he states.
Ahead of important economic data such as monetary policy decisions from Japan and Malaysia, inflation data from South Korea, and gross domestic growth figures from Taiwan and Hong Kong, Asia-Pacific markets began the week mixed. Amidst a varied Asian trading session, European stocks began the week higher in anticipation of this week’s Federal Reserve interest rate decision. Fears of a wider conflict were sparked by Israel’s incursion into Gaza, according to Deepak Jasani of HDFC Securities.
Stock Market Today: On Monday, October 30, the benchmark domestic equity markets, the Nifty 50 and Sensex, finished the day higher for the second straight session on the strength of increases in Reliance Industries Limited, BPCL, and ONGC. The headline indices received support from banks, fintech, IT, metals, pharmaceuticals, real estate, and oil and gas counters.
The NSE Nifty closed at 19,140.9, up 93.65 points, or 0.49 percent, while the S&P BSE Sensex was up 329.85 points, or 0.52 percent, at 64,112.65. Both the Nifty Mid Cap 100 and the Small Cap 100 concluded the day with gains. At 43,039.15, High-beta Nifty Bank closed 0.6% higher.
