Markets may open with muted numbers

4 Oct 2023 , 08:14 AM

Indian benchmark indices may start today’s session on a muted note. Yesterday, markets closed 316 points lower at 65,512. Nifty 50 ended 110 points lower at 19,528.75.

Globally, US markets closed with a significant downfall as investors are digesting the Fed Reserve’s decision to keep interest rates high for some time. Dow Jones closed 431 points lower. Nasdaq Composite index ended down by 248 points. S&P 500 closed with a decline of 59 points.

Asian equities were trading under pressure in Wednesday’s morning session. Chinese Shanghai Composite is trading 0.10% higher. Hong Kong’s Heng Seng is trading 0.70% lower. Japan’s Nikkei 225 closed 1.92% lower. Taiwan index is trading 1.23% lower. South Korean Kospi is trading with a decline of 2.13%.

Nifty Midcap 50 closed on a flat note. Nifty Bank ended with a decline of 0.50%.

Bajaj Finance, Larsen & Toubro, Titan, Bajaj Finserv, and Adani Ports emerged as the top gainers in Tuesday’s trade. ONGC, Eicher Motors, Maruti Suzuki, Hindalco, and Dr Reddy’s were the biggest laggards.

Oil climbed in early Asian trade on Wednesday, boosted by tightening global crude supplies ahead of an OPEC+ ministerial meeting. On Tuesday, the rupee fell 14 paise to settle at 83.20 against the US dollar, as a strong US currency and weak domestic equities dampened investor optimism.