Markets may enter flat today

18 Jul 2023 , 09:14 AM

Indian stock markets may start the day with muted numbers today after the previous session’s winning streak. Yesterday, markets witnessed strong upside touching new highs. Nifty 50 closed at 19,711. Sensex ended at 66,589 points.

Globally, US markets closed with modest gains. Dow Jones ended 76 points higher. Nasdaq closed higher by 131 points. S&P 500 closed with a marginal gain of 17 points.

Asian peers are trading on the downside today. Chinese Shanghai Composite closed 0.36% lower. Kong’s Heng Seng was trading lower by 1.93%. Japan’s Nikkei 225 ended 0.08% higher. Taiwan index was down by 0.17%. South Korean Kospi was down by 0.60%.

Nifty Midcap 50 stocks closed 0.22% higher. Nifty Bank ended with a gain of 1.41%.

Yesterday, top gainers were SBI, Wipro, Dr Reddy’s, Grasim, and HDFC Bank. The top laggards were ONGC, Tata Motors, Hero MotoCorp, Titan, and Bharti Airtel.

Oil prices edged up in the early trade as the US Crude oil supply tightens. Rupee closed 14 paise higher at 82.03/$.