Markets open flat amid tech sell-off, crude surge; Trent leads Nifty gainers
The Sensex, which opened at 74,199.69, was trading at 74,164.21, up just 13.17 points or 0.02%; the Nifty 50 opened at 22,964.50 and was quoting at 22,941.70, up 4.95 points or 0.02% at 9.20 am
Markets started on a cautious note on Friday, October 30, 2026, as global technology shares fell sharply and crude oil prices surged, despite domestic institutional buying providing some support. The Sensex opened at 74,199.69, up 13.17 points or 0.02%, while the Nifty 50 began at 22,964.50, up 4.95 points or 0.02%. Trent was the top gainer on the Nifty 50, rising 5.48% to ₹3,018.40.
Sun Pharmaceutical Industries and Infosys also gained 2.01% and 1.41% respectively. IndiGo and Tata Consultancy Services added 1.39% and 1.21% to their prices. Bharat Electronics Ltd, Coal India, Nestlé India, Shriram Finance, and Tata Steel were among the major losers. The subdued opening came after a weak Wall Street session, with tech stocks taking the biggest hits.
Alphabet's 12.6% drop marked its worst single-day decline since its IPO. The broader concerns about AI investment returns and the potential resumption of strikes against Iran added to market pressure. Crude oil prices gained 1.75% to $103.5 a barrel, raising concerns about India's macroeconomic outlook. The US Federal Reserve kept interest rates steady, while the European Central Bank maintained its key rate. Tech-heavy Asian markets also declined on the day.
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