# Nifty and Sensex Open Higher, Realty and Metal Stocks Lead Gains; Tata Share Price Q2 Earnings in Focus

URL: https://technosports.co.in/nifty-and-sensex-stocks-tata-share-price-q2/  
Published: 2024-10-10  
Updated: 2024-10-10  
Author: Reetam Bodhak

**Tata Share price Q2 Earnings in Focus**

After a choppy trading session, the Indian stock [market](https://www.tata.com/home-page)started strong on **October 10**, with both the **Nifty** and **Sensex** showing positive momentum, primarily driven by gains in **realty** and **metal stocks**. The markets are now shifting their focus to the **Q2 earnings season**, which kicks off today with **Tata Consultancy Services (TCS)**, India’s largest IT firm, set to release its quarterly results.

As of **9:20 AM**, the **Sensex** was up **244.93 points**, or **0.30%**, to reach **81,712.03**, while the **Nifty** rose **80.00 points**, or **0.32%**, to hit **25,062.00**. Market breadth was positive, with **1,763 shares advancing**, **491 declining**, and **125 remaining unchanged**.

![Tata Share Price](https://technosports.co.in/wp-content/uploads/2024/10/stock-market-charts-1-1024x576.webp)

Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, commented, **“Even as we begin the day in green, the market remains in a consolidation phase as investors adopt a wait-and-watch approach due to ongoing escalations in the Middle East.”** Bathini emphasized that despite global uncertainties, investor sentiment toward India remains positive, with strong inflows of **foreign direct investment (FDI)**.

### **Tata Share Price, Adani and More Key Stocks in Focus**

Among individual stocks, **Adani Enterprises** is in the spotlight as it launches the first tranche of its **qualified institutional placement (QIP)** offering, aiming to raise up to **$500 million**. The company plans to launch a second QIP in the coming months, with a total fundraising target of **Rs 16,600 crore** (approximately **$2 billion**), as approved by the board in May.

**Tata Consultancy Services (TCS)** will also garner significant attention today as it announces its **Q2 earnings**. Investors are particularly interested in how **demand recovery** and the **Generative AI (Gen AI)** pipeline have impacted the company’s performance, especially after rival **Accenture** reported a strong surge in demand for Gen AI projects. According to market reports, TCS is expected to post **2.1%** sequential revenue growth and **7.1%** year-on-year growth, bringing its total revenue to approximately **Rs 63,938 crore**.

![](https://technosports.co.in/wp-content/uploads/2024/10/IMG_Digitally_enhanced_s_2_1_GQD08VKF.webp)

### **Mid and Small Cap Gains**

The **broader market** also showed signs of strength, with **mid-cap** and **small-cap** indices rising **0.4%** and **0.6%**, respectively. Despite concerns over rich valuations, both segments have significantly outperformed the Nifty since the start of the year. The **India VIX**, a gauge of market volatility, cooled down by **1.3%**, dropping to the **14 levels**, indicating reduced market anxiety.

### **Key Levels to Watch for Nifty and Bank Nifty**

According to Hardik Matalia, Derivative Analyst at Choice Broking, **Nifty** may find support at **24,950**, followed by **24,850** and **24,700**. On the upside, **25,100** could serve as immediate resistance, with **25,200** and **25,300** being key levels to watch.

For **Bank Nifty**, Matalia noted, **“The index could find support at 50,800, followed by 50,500 and 50,200. If it advances, 51,200 will be the first resistance, followed by 51,400 and 51,500.”**

### **Top Gainers and Losers**

In early trading, **L&T**, **NTPC**, **Bharat Electronics**, **Axis Bank**, and **Bajaj Auto** were the top gainers on the **Nifty**. On the losing side, **Adani Enterprises**, **Tata Motors**, **Apollo Hospitals**, **Infosys**, and **HUL** saw declines.

### **Sector Performance**

All sectors opened higher, led by **realty** and **metal stocks**, which saw notable gains. The **Nifty IT** index traded slightly in the green, with investors eagerly awaiting TCS’s Q2 results.

As the markets gear up for the earnings season, the performance of blue-chip stocks like TCS and major fundraising efforts by companies like Adani Enterprises will be closely monitored, with global factors and domestic developments shaping investor sentiment.

*Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Always consult a certified expert before making any investment decisions.*

***Read More:*** **[Indian Share Market Today: Top Major Facts Affecting Market in 2024](https://technosports.co.in/indian-share-market-today-major-facts-affected/)**

***FAQs***

### ***What’s Tata Share price Today?***

*Tata Steel- Rs. 160.17*  
*TCS- Rs. 4,256.45*