Markets may be in green

4 Aug 2023 , 09:02 AM

Indian benchmark indices may see a positive session today after tumbling for two sessions. Yesterday, markets closed in red with major losses. Sensex closed at 65,240. Nifty closed at 19,382.

On the global front, US markets remain subdued owing to cautiousness over US economic data. Dow Jones closed 66 points lower. Nasdaq ended with a decline of 14 points. S&P 500 logged a decline of 11.50 points.

Asian equities were trading with modest gains in morning session. Chinese Shanghai Composite was trading 0.25% higher. Hong Kong’s Heng Seng was trading 0.84% higher. Japan’s Nikkei 225 closed 0.09% lower, as it remains choppy. South Korean Kospi was trading marginally higher. Taiwan index was down by 0.07%.

Nifty Midcap 50 stocks closed 0.13% higher in the last session. Nifty Bank registered a decline of 1.07%.

In yesterday’s trade, the gainers’ chart was led by Adani Enterprises, Adani Ports, Eicher Motors, Divis Lab, and Hindalco. Titan, ONGC, Bajaj Finserv, ICICI Bank, and Nestle India emerged as the biggest losers.

Oil prices were higher in early morning trade on Friday, moving to their sixth week of gains. The Indian rupee fell by 7 paise to close at 82.74 against the US Dollar.