Sensex, Nifty, Share Prices LIVE: India’s benchmark indices, Sensex and Nifty, remain strong, supported by gains in Nifty Bank, Metals, and Auto indices. The 30-share BSE Sensex traded at 80,269.76 at 1:05 pm, up 867.47 points or 1.09 per cent from its previous close. The broader NSE Nifty rose 235.95 points or 0.98 per cent to 24,416.75. Despite this, sentiment remains cautious, influenced by sustained FII selling and weak earnings, said Ajit Mishra, SVP at Religare Broking. Foreign Portfolio Investors (FPIs) have sold ₹1,02,931 crore in October, impacting market momentum. According to VK Vijayakumar of Geojit Financial, geopolitical tensions and upcoming US elections have further weakened sentiment, with FPIs likely to continue selling in the short term. SAS Online’s analysis highlighted limited market breadth, with only 15% of NSE stocks trading above their 50-day moving average, indicating a bearish outlook. Mishra noted that earnings reports from key players and October’s derivatives expiry may heighten volatility, advising a “sell on rise” approach. Meanwhile, oversold sectors might see selective rebounds. In Asia, markets showed mixed performance amid tensions in the Middle East. Mishra suggests a cautious stance, focusing on quality stocks with a long-term perspective amidst current volatility.
