Markets may open with weak numbers

11 Dec 2023 , 09:01 AM

Indian benchmark indices may start today’s session with muted numbers. On Friday, markets closed with sharp gains. Sensex closed 304 points higher at 69,826. Nifty 50 closed with a gain of 68 points at 20,969.

On the global front, US markets ended their previous with modest gains. Dow Jones closed 130 points higher. Nasdaq Composite ended with a gain of 64 points. S&P 500 ended 19 points higher.

Asian stocks are trading cautiously today. Chinese Shanghai Composite is trading 0.90% lower. Hong Kong’s Hang Seng is trading 1.63% lower. Japan’s Nikkei 225 closed 1.58% higher. Taiwan index is trading marginally lower by 0.10%. South Korean Kospi index is trading flat.

Nifty Midcap 50 stocks closed flat in their previous session. Nifty Bank ended with a gain of 0.90%.

HCLTech, LTIMindtree, JSW Steel, Infosys, and Apollo Hospital emerged as the biggest gainers on Friday. Adani Enterprises, Adani Ports, ITC, Hero MotoCorp, and Mahindra & Mahindra closed as the top laggards on Friday.

The rupee fell 4 paise to settle at 83.40 versus the US dollar on Friday as the Reserve Bank of India maintained its 5.4% inflation prediction for the current fiscal year. Oil prices edged higher on Monday, extending gains for the second session, as US attempts to replenish strategic reserves gave some support.

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