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The domestic stock market witnessed a weak trend. Benchmark equity indices opened with a decline on Monday in the first trading session of the week. The National Stock Exchange (NSE) Nifty 50 opened 0.28% lower at 26,106, while the Bombay Stock Exchange (BSE) Sensex opened 288 points higher at 85,284. The broader indices opened in the red at the start of trade. Besides, the Bank Nifty index also opened 173 points lower at 53,661.
Top gainer and top loser stocks
Hindalco, NTPC, JSW Steel, Tata Steel, and Britannia were the top gainers in the National Stock Exchange’s Nifty 50 at the start of trading. Hero MotoCorp, Tech Mahindra, Coal India, M&M, and ICICI Bank emerged as the top loser stocks in the Nifty 50 on September 30.
Crude prices
On Monday morning, WTI crude prices were trading 0.41% higher at $68.46, while Brent crude prices were trading 0.42% higher at $71.84. The US dollar index (DXY), which measures the value of the dollar against a basket of six foreign currencies, was trading 0.03% higher at 100.45, Financial Express reported.
These stocks are in focus
The NSE Nifty Metal index rose 1.66 percent to reach 10,232.05. This is the highest level ever since listing. Hindalco Industries Limited and Tata Steel Limited contributed the most to the index’s rise. Shares of Welspun Enterprises Limited halted two days of decline. The company’s stock saw a jump of about 6%.
Foreign investors invested this much in September
In September, foreign investors invested Rs 57,359 crore in Indian equities. This is the highest investment in the last nine months. The main reason for this is the reduction in interest rates by the US Federal Reserve. According to depository data, this investment has taken the foreign portfolio investment in Indian equities beyond Rs 1 lakh crore in 2024.
