Synopsis : Indian equities traded higher with banking and PSU stocks leading gains while media and realty sectors struggled. Meanwhile, gold hit historic highs domestically and globally as investors turned to safe-haven assets amid global uncertainty.
Stock Market LIVE Updates | September 30 : Indian benchmark indices Sensex and Nifty 50 opened in the green and continued to hold marginal gains through Tuesday’s session. Investor focus is now firmly on the RBI Monetary Policy Committee (MPC) meeting, with its outcome scheduled for October 1, which could influence short-term market direction.
At mid-day, the Sensex gained around 100 points, while the Nifty 50 stayed comfortably above the 24,650 level. The market displayed a sectorally mixed performance, with banking and PSU stocks emerging as strong performers. Metals and healthcare also supported the uptrend. On the flip side, media, consumer durables, and realty stocks witnessed pressure, capping the upside momentum.
On the commodities front, domestic gold prices on MCX hit an all-time high, with December futures climbing to ₹1,17,351 per 10 grams. Silver prices remained steady around ₹1,43,900 per kg. Globally, gold crossed the $3,850 per ounce mark, as heightened concerns over a possible US government shutdown, rate cut expectations, and rising geopolitical risks boosted safe-haven demand for precious metals.
Global Market Highlights:
S&P 500 futures: little changed (as of 1:52 p.m. Tokyo time)
Japan’s Topix: +0.4%
Australia’s S&P/ASX 200: flat
Hong Kong’s Hang Seng: flat
Shanghai Composite: +0.4%
Euro Stoxx 50 futures: -0.1%
Overall, market sentiment in India remains cautiously optimistic, with investors awaiting cues from the RBI policy decision tomorrow.
Disclaimer : This article is for informational purposes only and does not constitute financial or investment advice. Readers are encouraged to consult certified financial experts before making investment decisions.
