Markets may have a positive day

13 Jun 2023 , 09:08 AM

Indian equity markets could see a positive today. Yesterday, markets closed with marginal gains.

Globally, US markets ended higher. Dow Jones closed 189.55 points higher. Nasdaq ended higher by 202.78 points. S&P 500 was up by 40 points.

Asian peers are trading higher tracking cues from the global markets as investors await Fed monetary policy data. The Chinese Shanghai Composite is trading 0.10% lower. Hang Seng closed 0.01% lower. Japan’s Nikkei 225 closed up by 1.58%. Taiwan index is trading 1.46% higher. South Korean ‘Kospi’ is trading with a gain of 0.30%.

Indian benchmark index Nifty ended with a gain of 38 points. Nifty Bank ended lower by 44 points. Nifty Midcap 50 ended with a gain of 0.80%. BPCL, HCL Tech, Infosys, NTPC, and Adani Enterprises led the gainers’ chart. Power Grid, L&T, Cipla, Maruti Suzuki, and Titan emerged as the top loser. 

Oil prices edged up in today’s trade on bargain hunting as investors look forward to the US Fed interest rate hikes.