Markets may be positive today

26 Jul 2023 , 08:59 AM

Indian stock markets may see a positive day today. Yesterday, markets closed on a flat note after a day full of volatility. Nifty 50 ended at 19,680.60 points. Sensex closed at 66,355.71 points.

Globally, US markets ended with marginal gains. Dow Jones closed 27 points higher. Nasdaq ended with a gain of 86 points. S&P 500 was up by 13 points in the last session.

Asian peers are trading on the downside with slight declines. Chinese Shanghai Composite was trading 0.23% lower. Japan’s Nikkei 225 closed 0.04% lower. Hong Kong’s Heng Seng was down by 0.72%. Taiwan index was trading 0.07% higher. South Korean Kospi was down by 0.34%.

Nifty Midcap 50 stocks closed 0.40% higher. Nifty Bank ended with a decline of 0.17%.

Hindalco, JSW Steel, Tata Steel, Ultratech Cement, and NTPC were the top gainers in yesterday’s intraday session. Top laggards were Asian Paints, ITC, L&T, Britannia, and Kotak Bank.

Oil prices dipped in today’s morning session, slipping from their three-month highs. Indian Rupee fell 7 paise to 81.88 against the greenback on Tuesday.

Technical View: Nifty may find support at around 19,705 while the resistance could be at 19,964.