Markets may be in a muted tone

26 Jun 2023 , 09:00 AM

Indian stock markets may see a muted tone in today’s trade. On Friday, markets ended with declines amid high volatility.

Globally, US markets ended in negative territory on Fed concerns. Dow Jones closed 219 points lower on Friday. Nasdaq ended 138 points lower. S&P 500 was down by 34 points in its last trading session.

On Monday, Asian peers slightly declined, while oil prices increased in early trading. The reason behind these market movements was the failed mutiny attempt by Russian mercenaries over the weekend, which led investors to question the overall stability and potential impact on the supply of crude oil.

Nifty Bank index closed 0.23% lower. Nifty Midcap 50 stocks were off by 1%. 

The Chinese Shanghai Composite is down by 1.12%. Japan’s Nikkei last closed 0.20% higher and has not opened for trading yet. Hong Kong’s Hang Seng is down by 0.25%. Taiwan index is trading 0.63% lower. South Korean ‘Kospi’ is up by 0.48%.

Among the top gainers were IndusInd Bank, Dr Reddy’s, Asian Paints, Bharti Airtel, and NTPC. Adani Enterprises and Adani Ports emerged as the biggest laggards on Friday, followed by BPCL, Hindalco, and Divi’s Lab. 

Indian rupee closed flat against the greenback on Friday at 81.96/$.