Thu Oct 24 05:41:45 UTC 2024: **Stock Market Opening Summary:**

1. **Flat Opening:** The domestic stock market opened sluggishly due to a flat trend, with Reliance Industries also starting on a stable note.

2. **Declining Stocks:** Significant declines were observed in shares like HUL and Hindalco, with both falling over 4%.

3. **Weekly Expiry:** Today marks the weekly expiry for Nifty.

4. **Market Indices:**
– BSE Sensex started at 80,098, down by 16.32 points.
– NSE Nifty opened at 24,412.

5. **Mixed Performance:**
– Of the 30 Sensex stocks, 16 gained and 14 declined.
– HDFC Bank saw the most significant gain, up by 1.40%, followed by M&M and UltraTech Cement, which rose by 0.85% and 0.70%, respectively.

6. **Sector Performance:**
– Notable declines were seen in the metal, IT, FMCG, and auto sectors, with FMCG seeing the largest drop of 2% mainly due to HUL.
– Gains were reported in sectors like Nifty Bank, financial services, private banks, realty, consumer durables, and healthcare.

7. **Market Capitalization:**
– BSE market cap reached ₹443.85 lakh crore with trading in 3,195 shares, where 1,260 shares rose, 1,824 fell, and 111 remained unchanged.

8. **Pre-Opening Trends:**
– In pre-opening, BSE Sensex showed a gain of 91 points opening at 80,173, while Nifty traded down by 16 points at 24,418.

9. **SEBI Chairperson Engagement:** SEBI head Madhabi Puri Buch is scheduled to appear before the parliamentary PAC, with expectations of a heated meeting.

This summary captures the key points from today’s stock market opening, highlighting performance trends and sectoral shifts.

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