Markets may be in red

10 Jul 2023 , 08:54 AM

Indian stock markets may see a day in negative territory today. On Friday, benchmark indices closed on a sluggish note. 

On Friday, US markets closed lower after witnessing a seesaw session owing to weaker-than-expected US job data. Dow Jones closed 187 points lower at 33,735. Nasdaq ended with a decline of 18 points. S&P 500 closed 13 points lower.

On Monday, Asian equities increased with restricted gains as investors were centered on an upcoming report on U.S. inflation and the commencement of another round of corporate earnings announcements. 

Chinese Shanghai Composite was trading 0.45% higher. Hong Kong’s Heng Seng was 1.21% higher. Japan’s Nikkei 225 closed 0.66% lower. Taiwan index is up by 0.46%. South Korean ‘Kospi’ is trading with a jump of 0.24%.

Nifty Midcap 50 stocks closed 0.95% lower. Nifty Bank index ended down by 0.92%.

On Friday, Tata Motors, Titan, Mahindra & Mahindra, SBI Life, and Cipla were the top and only gainers. Adani Ports, Power Grid, Apollo Hospital, IndusInd Bank, and NTPC were the top laggards.

Oil prices slipped in early trade on Monday as investors were cautious of fresh economic data from top consumers. Rupee closed flat versus the greenback.