Stock Market Live: GIFT Nifty Trades Below 24,500; IndusInd Bank, ITC, Godrej Consumer, NTPC In Focus

At 6:50 a.m., GIFT Nifty traded at 24,461.50, slightly below the 24,500 mark. Investors are keen on stocks such as IndusInd Bank Ltd., ITC Ltd., Godrej Consumer Products Ltd., and NTPC Ltd., which have recently released their quarterly performance reports.

Asia Markets Open: Mostly Up Except Japan

In the Asia-Pacific region, Friday morning saw most markets in a positive light, although Japan's Nikkei index experienced a decline as investors awaited the election results in Japan over the weekend. As of 7:26 a.m., Australia's ASX 200 increased by 0.4%, Hong Kong's Hang Seng index grew by 0.69%, while the Kospi index in South Korea was up by 0.2%. However, Japan's Nikkei was recording a 0.8% drop.

Asian stocks displayed a mixed trend following Wall Street's first gain of the week.

US Market Close: Mixed Signals After Tesla's Performance

The US stock markets concluded Thursday on a mixed note, largely influenced by Tesla's earnings report which showed a net profit exceeding predictions. The S&P 500 closed up by 0.21% at 5,809.86, while the Dow Jones dipped by 0.33% to 42,374.36. The Nasdaq Composite, however, saw an increase of 0.76%, bringing it to 18,415.49.

Focus on Key Stocks: IndusInd Bank, ITC, Godrej Consumer, NTPC

Returning to the Indian market, GIFT Nifty was held at 24,461.50 as of 6:50 a.m. The stocks of IndusInd Bank, ITC, Godrej Consumer, and NTPC are expected to capture attention today, following the release of their quarterly results after market hours yesterday.

On Thursday, both the NSE Nifty 50 and the BSE Sensex concluded at their lowest levels in over two months for the third consecutive session. Reported earnings and external market indicators did not succeed in boosting investor confidence. The Nifty 50 slipped by 36.10 points, translating to a 0.15% drop, ending at 24,399.40. The Sensex recorded a minor decline, dropping by 16.82 points, or 0.02%, to settle at 80,065.16.

Today, the performance of international markets appears more favorable; Asian stocks are demonstrating a mixed trend, continuing the ripple effects from Wall Street's gain earlier in the week.

There has been a noteworthy trend among foreign investors; they have been net sellers of Indian equities for the 19th consecutive session as of Thursday. Conversely, domestic institutional investors have been net buyers for 23 sessions straight, purchasing stocks worth ₹3,620.5 crore while foreign portfolio investors sold off stocks valued at ₹5,062.5 crore, according to early data provided by the National Stock Exchange.

The Indian rupee showed a slight improvement, rising by 1 paisa to close at 84.077 against the US dollar.

Looking ahead, for trade setup on October 25, the Nifty 50 resistance levels are set at 24,450.

Market, Stocks, Earnings