Indian benchmark indices set for a positive start

30 Nov 2023 , 08:35 AM

Domestic equity indices may start today’s session on a positive note, as indicated by the broader markets. Yesterday, markets closed with sharp gains. Sensex closed 727 points higher at 66,902. Nifty 50 ended the session with an uptick of 207 points.

On the global front, markets closed with mostly flat numbers. Dow Jones ended with a gain of 13 points. Nasdaq Composite closed 23 points lower. S&P 500 ended down by 4 points.

Asian markets are trading with muted numbers in today’s early morning session. Chinese Shanghai Composite is trading flat, along with Taiwan index. Hong Kong’s Hang Sang is down by 0.11%. Japan’s Nikkei 225 closed 0.06% lower. South Korean Kospi index is trading 4 points higher.

Axis Bank, Hero MotoCorp, Mahindra & Mahindra, Wipro, and HDFC Bank were the top gainers in the previous session. Adani Enterprises, ONGC, Divis Lab, Nestle India, and Eicher Motors were the biggest losers.

The rupee rose 2 paise to settle at 83.32 versus the US dollar on Wednesday, marking its second consecutive day of gains as a result of FII inflows into capital markets and a robust stock rebound.

Oil prices dipped in early Asian trade on Thursday after Chinese manufacturing data came in lower than expected, but investors remained cautious ahead of an OPEC+ meeting where production curbs are expected.

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