Indian benchmark indices may open with positive numbers

4 Dec 2023 , 08:56 AM

Domestic equity indices may start a fresh week with some positive cues. On Friday, the markets closed with higher numbers. Nifty 50 ended with a gain of 135 points at 20,268. Sensex ended 493 points higher at 67,481.

US markets concluded their previous session with gains as Fed rate cut anticipation grows positive. Dow Jones closed 295 points higher. Nasdaq Composite ended 79 points higher. S&P 500 closed with a gain of 27 points.

Asian markets are trading in mixed cues. Chinese Shanghai Composite is trading 0.04% lower. Hong Kong’s Hang Sang is trading with a decline of 0.17%. Japan’s Nikkei 225 is trading with a decline of 0.64%. Taiwan index is trading marginally higher. South Korean Kospi is trading 0.52% higher.

Nifty Midcap 50 stocks closed 1% higher. Nifty Bank ended with a gain of 0.75%.

Among the top gainers were, ITC, NTPC, Axis Bank, Larsen & Toubro, and Britannia. Wipro, HDFC Life, Hero MotoCorp, Mahindra & Mahindra, and SBI Life were the top losers. 

Following good signs from equities markets and robust domestic macroeconomic data, the rupee rose 4 paise to close at 83.33 versus the US dollar on Friday. Oil futures surged on Monday as geopolitical tensions in the Middle East resurfaced, raising concerns about regional supplies.

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