FIRST TRADE (October 28): Equity indices open higher: Sensex up 339 pts, Nifty at 24,255

Indian equities aft the continuous sell-off for the past 5 sessions opened. At the start, the BSE Sensex climbed 0.43 per cent oregon 339.17 points to 79,741.46, portion the NSE Nifty gained 0.31 per cent oregon 74.35 points to 24,255.15. Meanwhile, broader markets outperformed the frontline indices.

Stocks successful action

Interglobe Aviation shares are successful absorption aft the aerial bearer posted surprise 

Similarly, shares of ICICI Bank volition gully absorption aft it reported beardown Q2 show. Ahead of its results, the banal successful the erstwhile league ended mildly higher astatine Rs 1,255.5 per share.

Other large stocks owed to merchandise their Q2 results contiguous are Sun Pharma, Bharti Airtel, Ambuja Cement and Adani Power among others. 

Prashanth Tapse, Senior VP (Research), Mehta Equities said, In the past week, the Nifty closed 2.7 per cent lower, poised for its worst monthly show since March 2020, portion Bank Nifty slid 2.51 per cent. This week, volatility is expected to dominate, with cardinal factors including the U.S. Non-Farm Payrolls, the upcoming U.S. statesmanlike election, continued FII outflows exceeding Rs 1,00,242 crore successful October, escalating Middle East tensions, and rising WTI lipid prices supra $71.75. 

Asian markets 

In aboriginal trade, Asian markets traded connected a affirmative note as concerns implicit the Israel-Iran tensions eased amid a little terrible than feared onslaught by Israel. At the past count, the cardinal MSCI Asia ex Japan scale meantime commercialized level with a antagonistic bias.