Stock Market Today: Sensex, Nifty Open Flat Amid Mixed Global Cues
Sensex opened at 74,849.30, up 120.03 points or 0.16 per cent, while Nifty began trading at 23,150.85, up 4.70 points or 0.02 per cent. Sectorally, Nifty PSU Bank led gains and rose over 1 per cent, followed by Nifty Oil & Gas which surged 0.6 per cent.
New Delhi, October 19: Domestic equity benchmarks opened on a flat note on Monday tracking mixed global cues and momentum from last week's gains. Sensex opened at 74,849.30, up 120.03 points or 0.16 per cent, while Nifty began trading at 23,150.85, up 4.70 points or 0.02 per cent. Sectorally, Nifty PSU Bank led gains and rose over 1 per cent, followed by Nifty Oil & Gas which surged 0.6 per cent.
In contrast, Nifty Private Bank, Nifty IT and Nifty Chemicals dropped up to 1 per cent. Market experts said momentum from Nifty's 2.8 per cent surge last week and good results from banking majors after better-than-expected IT earnings could keep the market resilient. Stock Market Today: Sensex, Nifty Open Higher Amid Mixed Global Cues.
"However, escalation of tensions in Hormuz and consequent surge in Brent crude to $109 will act as a strong headwind," according to them. They further said that attractive large-cap valuations and rupee appreciation turned FII stance slightly positive, though unlikely to sustain at high crude prices. Large-caps outperforming mid and small-caps is likely to continue, with stock-specific action on Q2 results.
For Nifty, immediate support is placed at 22,950–23,000, while resistance is seen at 23,250–23,300, the experts said and added that RSI strengthened to 52.81 above its average of 34.70, while PCR stood at 1.08. Infosys Stock Update: Share Price Hits Fresh 52-Week Low.
In the previous session on October 16, FIIs turned net buyers after 15 straight sessions of selling, buying equities worth about Rs 1,166 crore, while DIIs ended their 45-session buying streak with net sales of around Rs 3,661 crore.
On commodities, Brent crude traded nearly 2 per cent lower at around $107.76 per barrel, while US WTI declined about 1 per cent to $100.43.
In Asia, markets were mixed. Japan's Nikkei traded 0.84 per cent lower, while Hong Kong's Hang Seng and South Korea's KOSPI rose up to 0.83 per cent. Indonesia's Jakarta Composite fell over 5 per cent.
(The above story first appeared on LatestLY on Oct 19, 2026 10:01 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
