Markets may open flat today

27 Jun 2023 , 09:06 AM

Indian stock markets are set to make a flat debut in today’s trading session. Yesterday, markets ended on a flat note after a dull day of trading. 

Globally, US markets were also in a flat trajectory. Dow Jones closed 13 points lower. Nasdaq ended 156 points down. S&P 500 was off by 20 points.

Asian peers are trading in mixed cues as Russia and China risks weighing investor sentiments. Chinese Shanghai Composite is trading 0.80% higher. Hong Kong’s Hang Seng is trading higher by 1.36%. Japan’s Nikkei 225 closed 0.77% lower. Taiwan index was lower by 0.47%. South Korean ‘Kospi’ was 0.37% lower. 

Nifty Bank ended with subdued gains. Nifty Midcap 50 index was higher by 0.78%.

Yesterday, gainers were led by Cipla, Adani Enterprises, Hero MotoCorp, Tata Consumer, and UPL. Power Grid, TCS, Reliance, NTPC, and Coal India were the top laggards.

Oil prices were higher in today’s trade as supply concerns outweigh worries about demand. Rupee was trading lower against the greenback in the middle of geopolitical issues and rising crude oil prices.