Markets may be in red today

2 Aug 2023 , 08:42 AM

Indian equity markets may start the day in negative territory today after closing with flat numbers in yesterday’s session. Nifty 50 closed at 19,733. Sensex ended at 66,459.

Globally, US markets ended the session in mixed sentiments. Dow Jones closed 71 points higher. Nasdaq Composite ended 62 points lower. S&P 500 closed down by 12 points.

Asian peers are trading under pressure in today’s trade. Chinese Shanghai Composite was trading 0.53% lower. Hong Kong’s Heng Seng was trading down by 1.70%. Japan’s Nikkei 225 closed 1.84% lower. Taiwan index is down by 1.51%. South Korean Kospi is now trading 1.27% lower.

Nifty Midcap 50 stocks closed 0.26% lower. Nifty Bank was marginally lower in yesterday’s trade.

Coal India, NTPC, Tech Mahindra, HCL Tech, and LTI Mindtree were the top gainers in yesterday’s trade. The biggest laggards were Power Grid, Hero MotoCorp, Apollo Hospital, Adani Ports, and Bajaj Finserv.

Oil prices jumped over 1% in today’s early morning trade, trading near their highest since April. Indian rupee pared losses of previous sessions and closed 7 paise higher at 82.22 against the US Dollar.