Stock Market Live Updates October 8, 2024: Markets weighed down by geopolitical tensions, potential delay in Fed rate cut; crude oil prices surge

Sensex, Nifty, Share Prices LIVE: The Indian stock markets opened lower on Tuesday, extending losses for the seventh consecutive session as geopolitical tensions in West Asia and concerns over potential delays in interest rate cuts by the US Federal Reserve dampened investor sentiment.

The benchmark Sensex opened at 80,826.56, down from its previous close of 81,050.00, while the broader Nifty50 index started the day at 24,832.20, slightly up from Monday’s close of 24,795.75.

“The trend of the Nifty remains weak and sell-on-rise behaviour may be witnessed for some more time, although as the short-term trend has become oversold, a bounce can be expected any time,” said Deepak Jasani, Head of Retail Research at HDFC Securities.