Benchmark indices may open flat today

8 Nov 2023 , 08:47 AM

Domestic equity indices may start the day with flat numbers for another session. Yesterday, markets ended the intraday trading session with muted numbers. Sensex closed at 64,942 points, down by 16 points. Nifty 50 ended on a flat note too at 19,407.

On the global front, US markets ended the session with modest gains. Dow Jones closed with a gain of 57 points. Nasdaq Composite ended 121 points higher. S&P 500 index closed flat.

Asian markets are trading with slight gains in today’s early morning session. Chinese Shanghai Composite is trading flat. Hong Kong’s Hang Seng is trading with a gain of 0.19%. Japan’s Nikkei 225 closed 0.17% higher. Taiwan index is trading 0.65% higher.

Nifty Midcap 50 stocks closed 0.20% higher. Nifty Bank ended 0.27% higher.

Sun Pharma, BPCL, NTPC, Dr Reddy’s, and IndusInd Bank emerged as the top gainers on nifty index among other 25 gainers. Hero MotoCorp, Bajaj Finance, JSW Steel, Divis Lab, and Reliance Industries closed as the top laggards.

In a range-bound session on Tuesday, the rupee fell 6 paise to 83.27 against the US dollar. Oil prices sank to their lowest level in more than three months on Wednesday, as industry data revealed a significant increase in US oil supply.

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