Sensex Today Live: Indian Markets Open in the Red Amid Middle-East Tensions
The Indian stock market indices opened in the red on Monday, following weak signals from global peers due to the tension brewing in the Middle-East. At 10 am, Sensex was down 587.27 points, or 0.79%, at 73,657.63, while Nifty was down 181.60 points, or 0.81%, at 22,337.65.
Ramkrishna Forgings, a leading company, announced a significant order worth ₹270 crore for the Vande Bharat trains. The order involves the development and validation of the Bogie Frame for the sleeper version of the Vande Bharat Trainset, with 32 train sets comprising 16 coaches each.
TCS shares saw a marginal increase after reporting largely inline Q4FY24 results. The company posted a net revenue of $7.36 billion for the quarter, with a net profit of $1.5 billion. The operating margin also expanded by 150 basis points.
Aster DM Healthcare shares surged more than 7% after declaring a special dividend of ₹118 per share. The company received proceeds from the sale of its GCC business and the redemption of redeemable preference shares.
All sectoral indices were in the red, with PSU Bank, Realty, and Metal down the most. The broader market also saw a decline, with the BSE MidCap down 2.34% and the BSE SmallCap down 3.24%.
On the Nifty, only five stocks were in the green, with Hindalco, ONGC, TCS, HCL Tech, and Nestle India as gainers. Meanwhile, BPCL, Tata Motors, Coal India, Tata Consumer Products, and Adani Enterprises were the top drags.
In the Sensex, only six stocks were in the green, with losses led by BPCL, Tata Motors, Tata Consumer Products, Coal India, and Adani Enterprises. Hindalco, ONGC, TCS, Nestle India, HCL Tech, and Infosys were among the gainers.
Overall, the Indian markets are cautious amid the tension in the Middle-East, with investors closely monitoring the geopolitical situation and its impact on global markets.
