Share Market Live Updates: Indian equity markets are anticipated to open on a subdued note on Friday, November 29, influenced by weak global cues. Following Thursday’s significant fall, the BSE Sensex and NSE Nifty 50 may continue to witness cautious investor sentiment.
On Thursday, heavy selling in key stocks like Infosys, Reliance Industries, and HDFC Bank led to a steep decline. The Sensex closed 1,190.34 points lower, settling at 79,043.74, while the Nifty 50 dropped by 360.75 points, finishing at 23,914.15.
Factors Influencing the Market Today (Share Market Live Updates)
1. Gift Nifty
The Gift Nifty, a barometer for domestic market sentiment, hinted at a weak start. As of early trade, it was down by 5.95 points from its previous close, reflecting investor concerns over global developments.
2. Global Cues
- Asian Markets:
Asian equities exhibited a mixed performance, with declines dominating.- MSCI Asia-Pacific Index (excluding Japan): Fell by 0.3%.
- Japan’s Nikkei: Rebounded by 0.42% to reach 38,295.13, breaking a two-session losing streak.
- Topix Index: Gained 0.55%, trading at 2,679.96.
- US Equity Futures:
US stock futures showed resilience despite the Thanksgiving holiday and upcoming early closure on Friday.
3. Inflation Concerns
Tokyo’s inflation data exceeded expectations, fueling speculation of potential policy adjustments. The higher inflation figures weighed on market sentiment across the Asia-Pacific region.
Key Indices Performance on Thursday
Sensex Highlights
- Closed at 79,043.74, down 1.48%.
- Intraday low: 78,918.92, a drop of 1,315.16 points.
Nifty 50 Highlights
- Settled at 23,914.15, declining by 1.49%.
Major stocks in IT and financial sectors bore the brunt of the sell-off.
Additional Market Insights
Crude Oil Prices
- WTI Crude: Trading at $68.90, down 0.04%.
- Brent Crude: Lower by 0.63%, at $72.59.
Currency Movements
- The US Dollar Index (DXY) slipped to 105.90, reflecting slight weakness.
- The Indian Rupee depreciated to 84.49 against the US Dollar.
Institutional Activity
- Foreign Institutional Investors (FII): Sold shares worth ₹11,756.25 crore on Thursday.
- Domestic Institutional Investors (DII): Bought shares worth ₹8,718.30 crore.
What to Watch Today
- Performance of IT and financial stocks after Thursday’s sell-off.
- Updates on Asian markets during mid-day trading.
- Investor reactions to inflation concerns and its potential impact on central bank policies.
