Sensex falls 50 points, while the Nifty is up 80 points.

Sensex Dips 50 Points as Nifty Gains 80 Points in Market Split

Written by: Supriya Kadu

Edited by: Omkar Devadkar

Last Updated: October 22, 2024

Summary: Given the disappointing results on Wall Street overnight and in the Asian markets on Tuesday, the Indian equities began the day on a mixed note.

The Nifty 50 was up 8 points, or 0.03 percent, at 24,789 at the opening bell, while the BSE Sensex was down 46.67 points, at 81,105.

Autralia's S&P/ASX 200 index was down 1.3%. While Korea’s Kospi was down by 1.2% and its small-cap counterpart, Kosdaq, fell by 2%.

The broad-based Topix was trading 0.79 percent lower, and Japan's Nikkei 225 was down 1.24 percent as well.

China's CSI300 and the Shanghai Composite were down by 0.32% and 0.1%, respectively; Hong Kong's Hang Seng was up 0.6%.

Monday's drop in global equities markets was caused by traders' caution in the face of escalating geopolitical tensions and the US presidential election uncertainties, which sent gold futures to all-time highs.

As an explosion shook the Lebanese city late Sunday, hundreds of Beirut residents fled their houses as the Israeli military continued its attacks against the militant Hezbollah group.

Defensive equities like real estate and healthcare were the main drags on the benchmark S&P 500 and Dow, which ended lower. Nvidia reached a new peak, contributing to a modest rise in the Nasdaq as it heads into a week packed with corporate earnings reports.

The Nasdaq Composite rose 0.27 percent to 18,540.01, the Dow Jones Industrial Average fell 0.80% to 42,931.60, and the S&P 500 fell 0.18 percent to 5,853.98.

Disclaimer: The sole purpose of our news article is to provide you with educational and informative content. The content in these articles does not intend investment, financial, legal, tax, or any other advice. It should not be used as a substitute for professional advice or assistance.