Stock Market Today Live Updates: Equity Indices Settle Higher, Sensex Up 355 Points; Rupee Settles Lower

Adani Ports, Hindustan Unilever, Reliance, L&T, Eternal, Maruti Suzuki, Bajaj FinServ, Bajaj Finance, and Ultratech Cement were the top gainers from the Sensex basket. Bharti Airtel, Kotak Bank, TCS, ITC, Infosys, and Indigo were settled in negative territory. 

According to Experts, Investor sentiment remained supported by a favourable election outcome in West Bengal and better-than-expected Q4 earnings, helping markets look past Middle East-related concerns.

"However, intermittent profit booking persisted amid uncertainty surrounding the U.S. “Project Freedom” initiative to reopen the Strait of Hormuz. While the resolution path may take time, optimism around gradual progress continues. Crude prices holding below $110 are providing near-term comfort. Going ahead, market direction will hinge on geopolitical developments and oil price trends, given their impact on inflation, interest rates, the rupee, and corporate margins," said Vinod Nair, Head of Research, Geojit Investments Limited. 

Equity indices settle higher on broad-based buying momentum. 

Adani Ports, Hindustan Unilever, L&T, Reliance, Eternal, and Maruti Suzuki traded in Green. 

The key equity indices erased some early gains in afternoon trade amid profit booking. Sensex was up 317 points. Nifty quoted above 24,050. 

Major Banking stocks excluding Kotak Bank, Union Bank And PNB were trading higher amid buying interest. 

Major IT players traded down despite massive buying in other segments. 

BJP in Assam, Congress-led alliance in Kerala, BJP-led alliance in Puducherry, TVK in Tamil Nadu, and BJP in West Bengal are the leading parties. 

The key equity indices of the Indian stock market traded sharply higher at around 11:50 AM as the early trends predict the BJP Victory in West Bengal and Assam.  Sensex and Nifty were trading 1 per cent higher. 

Brent Crude traded below $110 in early trade. WTI crude is at the $101 level. 

Key equity indices were trading sharply higher at around 10:31 AM amid broad-based buying momentum 

Maruti Suzuki posted a record sales of 2,39,646 units in April, up 4 per cent from 33.29 per cent in the previous fiscal. The new financial year started on a strong note with small cars showing strong growth.

The shares of telecom firm Vodafone-Idea traded sharply higher after government gave some relief to AGR dues. 

In the domestic futures market, the gold and silver trade lower due to some easing in geopolitical tension. 

Key Indices climbed over a per cent amid broad-based buying sentiment. 

"Friday’s doji, with a long lower wick, suggests that the bulls are attempting to regroup, straightening out many of the weak signals from oscillators prevailing at the start of last week. Though we are now in a better position to pursue a 25000-25600 view, volatility and wider trading ranges may continue, with VIX continuing to be above 18. We will start the week with the 24050-24350 as the breakout range," said Anand James, Chief Market Strategist, Geojit Investments Limited.

Except for Nifty Media, all major sectoral indices were trading in positive territory, with Nifty Auto being the leader. 

The Indian stock market is witnessing a broad-based buying momentum amid ease in crude prices.  

From the Sensex basket, Maruti, Adani Ports, Hindustan Unilever, L&T, Mahindra and Mahindra, PowerGrid, and Indigo were top gainers in early trade. 

Key indices--sensex, nifty--started the session in green as early trends showed BJP lead in Assam and West Bengal elections. 

The early trends showed Bharatiya Janata Party leading in West Bengal and Assam. 

Nifty 50 top gaines. 

 Major gainers in pre-opening 

Sensex trades sharply higher in pre-opening. 

NSE Nifty traded lower in pre-opening. 

However, while the opening bias is clearly optimistic, the key question remains one of sustainability. Markets continue to operate in an environment where momentum is largely event-driven, rather than supported by broad-based conviction, Hariprasad K added. 

The key equity indices are expected to trade volatily amid the counting of votes for assembly elections in five states.

"Today’s market direction will also be influenced by the outcome of key state elections. Investors will closely watch whether the ruling party at the Centre can wrest West Bengal from the Trinamool Congress and make meaningful inroads into opposition-ruled Kerala and Tamil Nadu, where the Bharatiya Janata Party currently has a limited presence," said Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth.