Sensex today | Stock Market Live: Sensex opens flat, Nifty 50 near 22,950 amid global headwinds; Reliance, Jio results in focus; Bitcoin sinks below $79,000

India’s top most valued companies — Reliance Industries and the recently-listed Jio Platforms — will announce their quarterly numbers that are most likely after market hours.

However, global cues are weak, with Nasdaq plunging 365 points, dragged by Google’s Alphabet.

With Brent crude hovering near $115.40 a barrel, the duration of the oil shock remains a key concern for Indian equities.

Markets staged their strongest single-day rally in weeks on Thursday, with the Sensex closing at 74,151.04, up 905.01 points or 1.24 per cent, and the Nifty 50 ending at 22,936.75, gaining 237.90 points or 1.05 per cent, as a combination of the US Federal Reserve’s rate hold, easing crude oil prices and renewed institutional buying drove broad-based gains across sectors.

Buzzing stocks update: NIIT completes Bluewater acquisition; Sagility stake sale planned; IDBI Bank bid round; NBCC e-auction success; OnMobile expands distribution; JV partnerships and key results.

Sun Pharmaceutical Industries announced that the U.S. Food and Drug Administration (FDA) has approved the supplemental Biologics License Application (sBLA) for ILUMYA® (tildrakizumab-asmn) for the treatment of adults with active psoriatic arthritis (PsA).

Top gainers of Nifty 50: Trent (+5.60%), Sun Pharma (+1.98%), Infosys (+1.66%), TCS (+1.31%), Tech Mahindra (+1.24%), HCL Tech (+1.22%)

Top losers: Coal India (-1.58%), BEL (-1.35%), Neslte (-1.24%), Tata Steel (-1.04%), Shriram Finance (-1.90%)

Sensex inched up 18.92 pts or 0.03% to 74,169.96 at 9.19 am after opening flat at 74,199.69 from 74,151.04 previous close. Nifty 50 was up 1.85 pts or 0.01% to 22,938.60.

“Gold prices remained volatile through the week but recovered some ground after the sharp correction in the previous week. Changing expectations around US interest rates, dollar movements and geopolitical developments continued to influence market sentiment.

From the Indian bullion industry’s perspective, buying remains measured. While the recent correction has encouraged some consumers to return to the market, elevated prices are keeping buyers cautious. Overall, the market is showing signs of stabilisation, but volatility is likely to continue, with global economic cues and currency movements driving prices in the coming days.”

Govt and LIC to retain residual IDBI Bank stakes amid strategic restructuring, aiming for upside gains from the Fairfax deal.