Indian benchmark indices may open in red

10 Jan 2024 , 08:28 AM

Domestic equity indices may start today’s session on a dim note. Yesterday, markets closed with modest gains amid high volatility. BSE Sensex closed 31 points higher at 71,386. NSE Nifty ended with a gain of 32 points at 21,545.

On the global front, US markets closed under pressure as traders brace for inflation data. Dow Jones closed 158 points lower. Nasdaq Composite index ended 14 points higher. S&P closed 7 points lower.

Asian Markets are trading in mixed sentiments, tracking the downfall in global stocks. Chinese Shanghai Composite is trading 0.04% higher. Japan’s Nikkei 225 closed 1.81% higher. Hong Kong’s Hang Seng index ended under pressure. South Korean Kospi index was down by 0.81%. Taiwan index can be seen with a decline of 0.27%.

Hero MotoCorp, Adani Ports, SBI Life, Apollo Hospital, and Adani Enterprises were amongst the top gainers on the nifty index yesterday. Britannia Industries, Bajaj Finserv, Nestle India, HDFC Life, and Asian Paints emerged as the biggest losers.

On Tuesday, the rupee finished modestly higher by 1 paisa at 83.13 versus the US dollar, extending its gains for the fifth straight day on the back of strong domestic stocks.

Oil prices rose slightly on Wednesday, extending the previous day’s gains, as industry data indicated U.S. crude stocks fell more than expected last week, however a larger-than-expected build in products inventories limited gains.

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