Mumbai, India – The Indian stock market began the day on a cautious note as the Israel‑Hamas peace talks started picking up momentum, thanks to President Donald Trump’s 20‑point Gaza Peace Plan. Markets also watched global news, a U.S. government shutdown, and the start of the domestic earnings season.
The big gauges slipped a little. The Nifty 50 opened at 25,167.65, down 14.15 points (0.06 %). The BSE Sensex fell 96.65 points (0.12 %) to 82,075.45. U.S. shares, which had hit record highs, closed lower on a lack of fresh data and the uncertainty surrounding the U.S. shutdown. Those global jitters nudged investors elsewhere.
Oil prices eased after the Middle East cease‑fire, and gold and silver climbed a bit. Earlier, prices had hit record highs—gold over $4,000 a gram and silver around $50 a oz. But the dollar strengthened and traders took profits, so both metals dipped more than 2 % in early trading.
In the corporate world, LG Electronics’ IPO sent a clear signal. Investors surged, with the offer subscribed 54 times by day three, and the allocation will conclude today. The shares will list on October 14. Meanwhile, Tata Consultancy Services (TCS) posted a solid earnings surprise. Revenue rose 3.7 % quarter‑on‑quarter to ₹65,799 crore, with profit growing 6.8 %. The board also suggested an interim dividend of ₹11 per share.
Other companies slated to unveil Q2 results include Elecon Engineering, Waaree Renewable Technologies, GK Energy, Yash Highvoltage, and several others.
Sector‑by‑sector, drivers varied. The auto, FMCG, media, and metal indices opened flat or edged down. Tech (Nifty IT) gained 0.22 %, PSU banks 0.11 %, realty 0.13 %, and consumer durables 0.31 %. Flat or modest gains.
Foreign portfolio investors kept putting money into Indian markets this week. Banking expert Ajay Bagga said India is seeing strong primary‑market appetite, especially for IPOs like LG’s. He noted that helping U.S. tariffs lift by November would be welcome, but the real boost will come from robust earnings, continued infrastructure spending, GST 2.0, income‑tax cuts, RBI rate cuts, and added liquidity.
Across Asia, sentiment stayed calm. Japan’s Nikkei slipped 1 % and Hong Kong’s Hang Seng fell 1.07 %. South Korea’s KOSPI rose 1.32 %, the only major index to move higher. Taiwan stayed closed for its National Day holiday.
For investors, the headline points are simple: Israel‑Hamas talks ease tensions, oil price falls, gold and silver soften, the LG Electronics IPO delivers strong demand, and TCS beats expectations. Meanwhile, the earnings season and potential U.S. tariff relief give India a reason to stay upbeat.
Source: aninews
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