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Markets open flat amid tech sell-off, crude surge; Trent leads Nifty gainers
BusinessLine 51 min ago·30 Oct 2026, 4:02 am
Indian equity benchmarks opened with a marginal gain on Thursday, mirroring a quiet start to the trading session. The Sensex and Nifty 50 both edged up by less than 0.03% as early morning trades progressed. However, the broader market sentiment remained cautious, with the Nifty IT index facing pressure due to a global sell-off in technology stocks. Meanwhile, the price of crude oil saw a sharp rise, adding to the cautious mood among investors.
The flat opening suggests that investors are waiting for clarity on global cues and domestic data before making significant moves. The rise in crude oil prices is a key factor to watch, as it can impact the cost of imports and the profitability of oil marketing companies. On the positive side, Trent continues to be a standout performer, leading the gains on the Nifty 50 index. Investors will likely keep a close eye on the movement of the IT sector and crude oil prices throughout the day.
Excerpt from BusinessLine
The Sensex, which opened at 74,199.69, was trading at 74,164.21, up just 13.17 points or 0.02%; the Nifty 50 opened at 22,964.50 and was quoting at 22,941.70, up 4.95 points or 0.02% at 9.20 am Markets opened on a cautious note on Friday, October 30, 2026, weighed down by a sharp sell-off in global technology stocks…Read the original at BusinessLine
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