Indian benchmark indices may open with muted numbers

13 Dec 2023 , 08:57 AM

Domestic equity indices may ring into today’s session without any major changes, and will mostly remain flat. Yesterday, markets closed in a weak spot. BSE Sensex closed 377 points lower at 69,551. NSE Nifty ended the session with a decline of 91 points at 20,906.

On the global front, US markets closed in green as investors look for the US Fed to cut out interest rates. Dow Jones closed 173 points higher. Nasdaq Composite index ended 100 points higher. S&P 500 closed 21 points higher.

Asian markets are trading in a mixed trajectory ahead of Fed data to be released. Chinese Shanghai Composite is trading 0.61% lower. Hong Kong’s Hang Seng is trading with a decline of 0.92%. Japan’s Nikkei 225 ended 0.44% higher. Taiwan index is trading 0.26% higher. South Korean Kospi index is trading 0.38% lower.

HDFC Life, Ultratech Cement, Bajaj Auto, SBI Life, and Axis Bank emerged as the top gainers yesterday. On the other hand, Apollo Hospital, Sun Pharma, Maruti Suzuki, Coal India, and Eicher Motors ended as the top laggards.

The rupee ended steady versus the US dollar on Tuesday, at 83.37, as investors remained cautious ahead of the publication of domestic inflation data and the US Fed meeting. Oil prices maintained losses in Asian trade on Wednesday, after dropping more than 3% to six-month lows the previous session due to oversupply and demand worries.

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