Both the Nifty and the Sensex began the trading day on a flat note. The Nifty opened at 22,964.50 and the Sensex opened at 74,199.69. Most sectoral indices opened marginally lower. The Indian rupee opened at 95.22 to the dollar versus Thursday’s close of 95.26 to the dollar. Brent crude prices surged to near $118 per barrel (at the time of filing this copy), approaching a six-month high amid concerns over global oil supplies and geopolitical tensions.
Tensions escalated across the Middle East as explosions were reported in Saudi Arabia’s capital, Riyadh, as the country’s air defences intercepted two ballistic missiles launched by Houthis, while Iran said at least four tankers had struck naval mines in or near the Strait of Hormuz, with three catching fire.
In the previous session, Sensex and Nifty rallied more than 1 percent, led by heavy buying in banking, FMCG, and IT shares. The 30-share BSE Sensex jumped 905.01 points, or 1.24 percent, to close at a more-than-a-week-high of 74,151.04. As many as 26 Sensex shares advanced and four closed lower. The 50-share NSE Nifty settled 237.90 points,or 1.05 percent, higher at 22,936.75.
Stock Market Today (October 30): Sensex, Nifty Open Flat; Rising Oil Prices, Geopolitical Tensions In Focus
