Indian Markets Set for Positive Opening on Oct 15, 2024

15 Oct 2024 , 07:24 AM

Indian benchmark indices, Sensex and Nifty 50, are expected to open higher on October 15. The GIFT Nifty is currently trading up at 25,233.50 as of 07:00 am IST, signaling a strong start for the day.

After a few sessions of limited movement, bulls took control of Dalal Street on October 14, pushing the Nifty above 25,150 during intraday trading. This uptick was supported by broad-based buying across various sectors, although the metal and media sectors lagged behind.

At the market close, the Sensex was up by 591.69 points, or 0.73%, finishing at 81,973.05. The Nifty gained 163.70 points, or 0.66%, closing at 25,128.

Asian markets followed suit, buoyed by strong performances on Wall Street, where both the Dow Jones Industrial Average and the S&P 500 reached new all-time highs. The S&P 500 rose by 44.82 points (0.77%) to 5,859.85, while the Nasdaq Composite climbed 159.75 points (0.87%) to 18,502.69. The Dow Jones Industrial Average increased by 201.36 points (0.47%) to 43,065.22.

In terms of trading activity, foreign institutional investors (FIIs) continued their selling trend on October 14, offloading equities worth ₹3,731 crore. Conversely, domestic institutional investors purchased shares amounting to ₹2,278.09 crore on the same day.