Stock Market Live Updates Today: Sensex jumps over 500 points after flat opening, Nifty above 24,600 – The Times of India

The Sensex and Nifty began Friday’s session on a flat note, with the domestic market showing relative resilience despite a global equities rout. The Sensex opened at 79,413.66, up 103.65 points, while the Nifty 50 started at 24,538.20, gaining just 1.60 points. The Sensex subsequently climbed more than 200 points, approaching the 79,600 level.

This came after a brutal sell-off on Wall Street, where technology stocks bore the brunt of concerns over AI-related spending and the potential impact of Democratic gains in the US midterm elections. The Nasdaq plunged 5.52%, slipping into correction territory, while the S&P 500 fell 4.36% and the Dow Jones dropped 1,833 points. Asian markets followed the US lower on Friday, with Japan’s Nikkei down nearly 6%, South Korea’s Kospi losing more than 7% and Taiwan’s benchmark falling 8%.

Market experts said India could be relatively better placed amid the global turmoil, with foreign institutional investors having bought equities worth Rs 35,781 crore in the previous five sessions. However, sectoral performance remained mixed, with IT, metals, banking and FMCG stocks under pressure. Brent crude also climbed above $100 per barrel, adding to concerns over inflation and market volatility.