Markets may debut flat today

1 Aug 2023 , 08:58 AM

Indian benchmark indices may start today’s session with muted numbers. However, later in the day markets may witness an uptrend. Yesterday markets closed on a higher note. Sensex closed 367 points higher at 66,527. Nifty 50 was up by 108 points at 19,754. 

On the global front, US markets closed with modest gains. Dow Jones closed 100 points higher. Nasdaq ended with a gain of 30 points. S&P 500 closed higher with marginal gain.

Asian peers are in green today. Chinese Shanghai Composite was trading 0.07% lower. Japan’s Nikkei 225 was up by 0.74% in the last session. Hong Kong’s Heng Seng is trading 0.07% higher. Taiwan index is trading with an uptick of 0.15%. South Korean Kospi is up by 1.22%.

Nifty Midcap 50 stocks closed 1.27% higher. Bank Nifty also closed marginally higher.

NTPC, Power Grid, ONGC, Adani Ports, and Tech Mahindra led the gainers in yesterday’s session. While, the biggest laggards were Apollo Hospitals, Britannia, HDFC Life, Bajaj Finance, and Kotak Bank.

Oil prices were moved a little in early morning trade, close to their three-month high. The Indian rupee closed 11 paise lower against the US dollar at 82.29.