Mumbai, October 31 (Udaipur Kiran): The Indian stock market opened on a flat note on Friday, the last trading day of the week. During early trade, buying was seen in Nifty Auto, IT, PSU Bank, and FMCG sectors, while Financial Services, Metal, and Media stocks witnessed mild selling pressure.
At around 9:25 AM, the Sensex was up 153.83 points (0.18%) at 84,558.29, while the Nifty gained 33.95 points (0.13%) to trade at 25,911.80.
In the broader market, the Nifty Bank index slipped 85.35 points (0.15%) to 57,945.75. Meanwhile, the Nifty Midcap 100 index rose 103.50 points (0.17%) to 60,199.75, and the Nifty Smallcap 100 gained 65.50 points (0.35%) to 18,535.20.
Market analysts said that the recent Trump-Xi summit provided only a temporary truce in the US-China trade tensions, not a comprehensive trade deal, leading to some disappointment among global investors. However, optimism over reduced trade uncertainty offered partial relief to markets.
Experts also noted that the Indian market rally has slowed as indices approach last year’s record highs near 26,277, with FII selling pressure expected to weigh on short-term sentiment.
Among the Sensex gainers were Maruti Suzuki, Titan, BEL, TCS, and ITC, while NTPC, Tata Steel, Kotak Mahindra Bank, Eternal, and Sun Pharma were among the top losers.
In Asian markets, most indices — including Bangkok, Hong Kong, Jakarta, and China — traded in the red, while Seoul was the only market showing gains.
In the US markets, the Dow Jones closed 0.23% lower at 47,522.12, the S&P 500 fell 0.99% to 6,822.34, and the Nasdaq dropped 1.57% to 23,581.14.
On the investment front, Foreign Institutional Investors (FIIs) were net sellers on October 30, offloading shares worth ₹3,077.59 crore. In contrast, Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth ₹2,469.34 crore on the same day.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
