Indian Share Market Updates Today: Markets opened on a cautious note on Dalal Street on Friday as global volatility and rising US-Iran tensions weighed on investor mindset. In early trade, the Sensex was down 10.44 points at 82,487.70, while the Nifty 50 was trading slightly above the 25,450 level.

A mixed trend was seen in the market, and weakness remained especially in the IT sector, which deepened this week’s decline. Geopolitical tensions put global markets in risk-off mode, which also impacted the Indian equity market.

Sensex-Nifty fall

At 9:24 am, Sensex was down 17 points at 82,434 and Nifty was down 10 points at 25,444. Defense and PSU bank sectors led the market in early trade. Nifty PSU Bank, Nifty India Defence, Nifty Energy, Nifty Private Bank and Nifty Metal were among the gainers. At the same time, Nifty IT, Media, Pharma, Services, Healthcare and Auto remained under pressure.

Midcap and smallcap indices were also with weakness. On the Sensex, L&T, BEL, NTPC, HUL, Titan, Axis Bank, Power Grid and Adani Ports were the top gainers, while Infosys, Tech Mahindra, HCL Tech, Bharti Airtel, M&M and Asian Paints were the leading losers.

Good Q3 results, positive signs

Dr VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said the rising tensions have made the market fragile. Uncertainty increased due to Brent crude reaching Rs72 and warning statements from America. He also said that the Indian economy remains strong, and the improvement in corporate earnings and good Q3 results are positive signs. Market improvement is possible if the US-Iran dispute is resolved. Investors have been advised to invest in banks, automobile, pharma, telecom and other good value stocks.

Asian stock market situation

Globally, Tokyo, Hong Kong, Jakarta and Bangkok were in the red, while Seoul was in the green. Brent crude was trading at $71.81 and WTI at $66.56 per barrel. On Thursday, FIIs were net sellers with sales of Rs 880.49 crore and DIIs with sales of Rs 596.28 crore.