Domestic Equity indices may start on a positive note

15 Feb 2024 , 08:53 AM

Indian benchmark indices may open today’s session with gains. Yesterday, markets closed with substantial gains. BSE Sensex closed 268 points higher at 71,822. NSE Nifty ended with a gain of 97 points at 21,840.

On the global front, the US equities ended their previous session with gains. Nasdaq Composite closed 204 points higher. S&P 500 closed with a jump of 47 points.

Asian equities are trading higher in Thursday morning session. Chinese Shanghai Composite is trading 1.28% higher. Japan’s Nikkei 225 closed 0.65% higher. Hong Kong’s Hang Seng index is seen with an upside of 0.41%. South Korean Kospi index is trading flat. Taiwan index is trading 2.87% higher.

In yesterday’s session, BPCL, SBI, ONGC, Coal India, and Tata Steel were the top gainers. On the other hand, Tech Mahindra, Cipla, Dr Reddy’s, Infosys, and TCS closed on the flipside.

Oil prices fell in early trade on Thursday as data revealed that US oil stocks increased considerably faster than expected, stoking concerns about demand in the world’s largest economy.

The rupee rose 6 paise to settle at 83.02 versus the US dollar on Wednesday, amid higher domestic stocks.

The dollar took a rest around a three-month high as markets anticipated when the Federal Reserve would begin its easing cycle following a string of good economic data.

Gold prices remained at a two-month low on Thursday as traders weighed U.S. Federal Reserve officials’ conflicting comments on January’s hotter-than-expected inflation figures, which prompted a retreat from expectations of early and deeper interest rate reduction.

For feedback and suggestions, write to us at [e-mail]