Indian benchmark indices may open on a positive footing today

9 Nov 2023 , 08:29 AM

Domestic equity indices may start today’s session with positive numbers. Yesterday, markets closed with modest gains. Sensex closed with a gain of 33 points at 64,976. Nifty 50 ended at 19,443 with a gain of 37 points.

On the global front, US markets closed in a sluggish sentiment as investors eye the Fed Reserve’s comments on interest rates. Dow Jones closed 40 points lower. Nasdaq Composite ended 11 points higher. S&P 500 closed with flat numbers. 

Asian Markets are trading in mixed cues. Chinese Shanghai Composite is trading 0.12% higher. Hong Kong’s Hang Seng is trading 0.24% lower. Japan’s Nikkei 225 closed 0.90% higher. Taiwan index is down by 0.18%. South Korean Kospi index is trading 0.42% higher.

BPCL, Adani Ports, Asian Paints, Cipla, and Titan were the biggest gainers on the nifty index yesterday. On the other hand, ICICI Bank, Infosys, NTPC, Tech Mahindra, and Tata Consumer emerged as the biggest losers.

Nifty Midcap 50 stocks closed 0.82% higher. Nifty Bank ended on a dim note, down by 0.18%.

On Wednesday, the rupee held in a tight range and fell 3 paise to 83.30 versus the US dollar, mirroring a strong US currency overseas.

Oil prices moved little on Thursday as markets ignored deflationary data from China and waited for more information on the state of demand from the world’s two largest oil customers.