Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a positive start; Asian shares trade lower

Business News›Markets›Stocks›Live Blog›Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex surges over 500 pts, Nifty above 22,500; IT index jumps over 4%

Sensex Today | Nifty 50 | Stock Market Live Updates: Indian equities surge on Tuesday, reversing a weak opening, as investors weigh Middle East tensions and elevated crude oil prices, while a faster-than-expected rise in retail inflation strengthens expectations of further interest rate hikes.

Indian sectoral indices trade mostly higher, led by Nifty IT, which emerged as the strongest performer. Banking, financial services, FMCG and realty stocks also witness buying interest.

However, Nifty Media, MidSmall Healthcare, Pharma, and Healthcare indices remain under pressure, while chemicals slip marginally. The mixed performance indicates selective buying, with technology and financial stocks supporting broader market sentiment.

Why is the stock market rising today? 4 key factors behind D-Street rebound
1) IT stocks rally
2) Rupee strengthens sharply
3) Bond yields cool down
4) Oil prices fall

Global Markets Updates

1) IT stocks rally

2) Rupee strengthens sharply

3) Bond yields cool down

4) Oil prices fall

Global Markets Updates

1 New Update

The AI trade is showing signs of strain in the very markets that powered its spectacular rise. South Korea’s Kospi index plunged 7.4% on Tuesday as semiconductor shares tumbled after Broadcom CEO Hock Tan warned that AI investors are behaving like casino gamblers. Indian IT stocks, which is seen as anti-AI trade, jumped on the news. Read more

RBL Bank, Sterlite Tech, Aegis Logistics, Rajesh Exports and Welspun Corp are among the top losers at this hour.

Price as on 01.03.29 PM, Click on company names for their live prices.

Hathway Cable & Datacom, PNC Infratech, Firstsource Solutions, Bandhan Bank and HCL Tech are among the top gainers at this hour.

Price as on 12.54.18 PM, Click on company names for their live prices.

Copper prices held nearly steady on Tuesday as a strong US dollar countered support from supply concerns in top producer Chile. Benchmark three-month copper on the London Metal Exchange was little changed at $14,628.00 a metric ton by 0700 GMT, after hitting a two-week high in the previous session.

South Korea's benchmark KOSPI tumbled on Tuesday, triggering a temporary trading curb as concerns over rising Chinese memory-chip competition and a broader retreat from AI-linked stocks rattled the tech-heavy market. The benchmark stock index closed down 5.46% after falling as much as 7.4% earlier in the day, extending its losing streak to a fifth straight day in its longest run of declines since September 2024.

Japan's Nikkei closed lower on Tuesday as a selloff in AI-related stocks gathered pace after weakness in US chip shares, while geopolitical tensions further dampened risk sentiment. The benchmark Nikkei 225 fell 1.82% to close at 67,777.52, losing ground for a fourth consecutive session. The broader Topix rose 0.14% to 4,110.67.

More than Rs 1 lakh crore has flowed into small and midcap funds this calendar year already, underscoring investors’ growing willingness to tolerate volatility in pursuit of higher returns. Yet the market’s valuation equation is beginning to shift as largecaps are trading at a wider-than-usual discount to midcaps, while earnings growth expectations are narrowing the gap. Read more

Shares of HCL Tech, TCS, Infosys, Wipro and other IT stocks rallied up to 7% as global AI stocks came under pressure after Broadcom CEO Hock Tan and Intel CEO Lip-Bu Tan warned that access to capital and rising financing costs could emerge as major constraints on the AI boom, raising questions about the returns from massive investments in data centres and computing infrastructure. Read more

Price as on 12.18.37 PM, Click on company names for their live prices.

HCL Tech, TCS and Mphasis lead the gains for Nifty IT.

Rupee rose to its strongest level in a month, hoisted by fresh central bank measures to alleviate pressure on the Asian currency and likely spot market intervention that magnified their impact. The rupee rose to 95.0725 in early trading, the highest since early September, before paring gains to trade higher by 0.5% at 95.25 per dollar.

Bandhan Bank shares jumped nearly 7% on Tuesday, hitting an intraday high of Rs 167.90 on the NSE, after reports that Abu Dhabi-based IHC was among the parties in early-stage discussions to acquire a stake in the lender’s promoter, Bandhan Financial Services (BFSL). Read more

Price as on 11.49.15 AM, Click on company names for their live prices.

Shares of Ircon International rallied 7% to hit an intraday high of Rs 111.68 during Tuesday’s trading session after the company secured an engineering, procurement and construction (EPC) contract worth around Rs 862.46 crore from East Central Railway. Read more

Price as on 11.45.51 AM, Click on company names for their live prices.

Shares of Polycab India tumbled more than 5% on Tuesday after NSE announced that it will exclude the cables and wires maker's stock from the equity derivatives segment from December 30 onwards. Read more

Price as on 11.35.00 AM, Click on company names for their live prices.

Shares of ICICI Prudential Asset Management Company gained around 2% on Tuesday after the company reported a 6% year-on-year (YoY) rise in net profit to Rs 889 crore in the July-September quarter of FY27, with brokerages maintaining their 'Buy' calls for the stock and revising target prices. Read more

Price as on 11.26.27 AM, Click on company names for their live prices.

• Flexicap mutual funds offer the fund managers the freedom to invest across market capitalisations and sectors/themes. It means the fund managers can invest anywhere based on their outlook on the market.
• Flexicap schemes are typically recommended to moderate investors to create wealth over a long period of time.
• Ideally, one should invest in these schemes with an investment horizon of five to seven years. Read more

Gold Price today in Delhi
Standard gold (22 carat) prices in Delhi stand at Rs 1,09,872/8 grams while pure gold (24 carat) prices stand at Rs 1,19,848/8 grams.

Gold Price today in Mumbai
Standard gold (22 carat) prices in Mumbai stand at Rs 1,09,752/8 grams while pure gold (24 carat) prices stand at Rs 1,19,736/8 grams.

Gold Price today in Chennai
Standard gold (22 carat) prices in Chennai stand at Rs 1,09,752/8 grams while pure gold (24 carat) prices stand at Rs 1,19,736/8 grams.

Gold Price today in Hyderabad
Standard gold (22 carat) prices in Hyderabad stand at Rs 1,09,752/8 grams while pure gold (24 carat) prices stand at Rs 1,19,736/8 grams.

Gold Price today in Mumbai

Gold Price today in Chennai

Gold Price today in Hyderabad

• Indian government bonds moved higher in early deals on Tuesday as value investors took the reins, after a near one-way upmove in yields in recent sessions, even as investors await heavy debt supply later in the day.
• The benchmark 6.94% 2036 bond yield was at 7.3723% as of 10:15 a.m. IST, after ending at 7.3857% on Monday, which was its highest closing level in the last three years.
• India's benchmark 10-year bond yield jumped 9 basis points on Monday, its biggest one-day spike in over six months. The yield has risen 20 bps in the four sessions since last week's central bank monetary policy announcement.
• The one-year OIS rate was at 6.35%, while the two-year rate was at 6.53%, and the five-year rate was lower at 6.76%.

Price as on 10.23.14 AM, Click on company names for their live prices.

Nomura has raised its target price on HCL Technologies to Rs 1,330 from Rs 1,310, implying 9% upside from current levels. The brokerage has marginally raised its revenue growth estimates, expecting USD revenue to grow 3-5.9% year-on-year in FY27-28, up from 2.7-5.1% earlier. Read more

Price as on 10.08.12 AM, Click on company names for their live prices.

RBL Bank shares fell up to 8% despite a 170% year-on-year jump in Q2 FY27 net profit to Rs 481.7 crore. Strong net interest income growth and improved asset quality supported performance, while provisions rose. Nuvama raised its target price to Rs 500, citing the ENBD acquisition and FCNR deposit mobilisation, while Dolat Capital retained its Sell rating with a Rs 320 target. Read more

Price as on 10.01.13 AM, Click on company names for their live prices.

Market breadth remained weak, with 1,769 stocks declining against 1,613 advancing, while 217 remained unchanged out of 3,599 stocks traded. A total of 66 stocks touched their 52-week highs, while 101 hit 52-week lows. Meanwhile, 70 stocks were locked in upper circuits, compared with 129 in lower circuits, indicating broader selling pressure.

Price as on 09.48.56 AM, Click on company names for their live prices.

Indian sectoral indices traded mostly higher, led by Nifty IT, which emerged as the strongest performer. Banking, financial services, FMCG and realty stocks also witnessed buying interest. However, Nifty Media, MidSmall Healthcare, Pharma, and Healthcare indices remained under pressure, while chemicals slipped marginally. The mixed performance indicated selective buying, with technology and financial stocks supporting broader market sentiment.

Indian equities opened lower on Tuesday but turned positive as investors monitored Middle East tensions and elevated crude oil prices, while a faster-than-expected rise in retail inflation strengthened the case for further interest rate hikes.

HCL Technologies (HCL Tech) reported a sequential revenue increase in the September quarter, breaking a two-quarter streak of decline. Revenue rose 2% to $3,724 million, driven by deal ramp-ups and contributions from acquired businesses. The company also recorded new deal wins worth $3,258 million in total contract value (TCV), its highest since the September 2023 quarter, when it secured deals worth $3,969 million. Net headcount additions stood at 6,450 during the quarter, the highest in 16 quarters.

Shares of listed asset management companies (AMCs) have held up amid stock market volatility, supported by steady retail inflows through systematic investment plans (SIPs) and a milder-than-expected impact from the revised expense ratio framework. Five of the seven listed AMCs outperformed the Sensex in the first half of FY27. While the benchmark index remained largely flat during the period, these AMC stocks rose between 3% and 33%.

HD Fire Protect, a manufacturer of fire protection equipment and systems, plans to raise ₹712 crore through an offer for sale (OFS). Following the IPO, the promoter group’s stake in the company will decline to 85% from 100%.

The company offers water-, foam- and gas-based fire suppression solutions, backed by a broad portfolio of certified products that create significant entry barriers in the highly regulated industry. Exports account for more than one-third of its revenue, with the Middle East contributing 15% and Asia 10%.

India’s government bond yields climbed to 7.39%, their highest in more than three-and-a-half years, as the central bank’s liquidity-tightening measures and the indirect impact of weekend steps to support the rupee put pressure on the debt market.

The yield on the 10-year benchmark government security, which serves as a key pricing reference for mortgages, retail loans and commercial borrowings, rose from 7.30% on Friday to its highest level since March 2023. It touched an intraday high of 7.40%.

India’s top 10 listed blue-chip companies have steadily lost ground in the country’s overall market capitalisation, with their combined share falling to a near-decade low amid sustained foreign portfolio investor (FPI) selling and the underperformance of large-cap stocks.

The top 10 firms accounted for around 17.65% of the total market capitalisation of all listed companies as of October 9, a level last seen in January 2017. Their combined market value stood at ₹84.84 lakh crore, the lowest since December 2023, while the total market capitalisation of all listed companies was around ₹480.82 lakh crore as of last weekend.

Equity mutual fund inflows rose to a five-month high in September, as investors continued to pour money into small- and mid-cap schemes despite weak market conditions and sustained selling by foreign investors. Debt funds, however, saw outflows, driven by corporate redemptions from liquid and money market schemes to meet advance tax obligations. These withdrawals contributed to net outflows for the mutual fund industry during the month.

Gold prices remained subdued on Tuesday as investors awaited upcoming US inflation data for fresh clues on the Federal Reserve’s interest-rate trajectory.

Oil prices edged lower on Tuesday after surging nearly $2 a barrel in the previous session, as traders assessed potential supply disruptions from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.

US stocks ended mixed on Monday as a surge in crude oil prices following attacks on a Saudi airport weighed on sentiment. The Nasdaq Composite fell and the S&P 500 edged lower, while the Dow advanced, as investors awaited third-quarter bank earnings and key economic data due this week.

Asian markets fell on Tuesday, tracking losses on Wall Street as a sell-off in US chipmakers dampened investor sentiment ahead of the start of the earnings season.

Shares of HCL Technologies, RBL Bank, Nazara Technologies, Hero Motors and Power Grid Corporation of India will be in focus on Tuesday, October 13, amid quarterly earnings announcements and key corporate, regulatory and fundraising developments across the market.

GIFT Nifty on the NSE IX traded higher by 47.5 points, or 0.21 per cent, at 22,418, signaling that Dalal Street was headed for a positive start on Tuesday.

Indian equities reversed early gains to end lower on Monday, with the Sensex plunging nearly 1,000 points from the day's high as sustained FII outflows, rising bond yields and persistent market headwinds dampened initial optimism.

Indian equity markets gave up early gains to close lower on Monday, as sentiment came under pressure from a surge in the 10-year bond yield to a three-year high, sustained foreign institutional investor (FII) outflows and lingering global uncertainties.