Markets may open in a positive sentiment

2 Jan 2024 , 09:13 AM

Indian benchmark indices may start today’s session with positive numbers, resuming trading session. Yesterday, markets closed with marginal gains. Sensex closed 32 points higher at 72,271. Nifty 50 ended with a gain of 10 points only, at 21,742.

On the global front, Wall Street closed in red on December 29, 2023 and will resume the session today. Dow Jones closed 21 points lower. Nasdaq Composite ended down by 84 points. S&P 500 closed 14 points lower.

Asian equities are trading in a dim note, tracking the expected downside in the global stocks. Chinese Shanghai Composite is trading 0.20% lower. Japan’s Nikkei 225 closed 0.22% lower. Hong Kong’s Hang Seng index is trading with a decline of 1.63%. South Korean Kospi index is trading 0.11% lower. Taiwan index is seen with a downside of 0.67%.

Nestle India, Adani Enterprises, Adani Ports, Coal India, and Tech Mahindra closed as the top gainers on nifty index. Eicher Motors, Bharti Airtel, Mahindra & Mahindra, Bajaj Auto, and Hindalco emerged as the top laggards. 

Oil prices rose 1% on Tuesday as a Red Sea naval confrontation focused attention on potential Middle East supply disruptions and prospects of Chinese economic stimulus bolstered demand in the world’s biggest petroleum importer. 

The rupee depreciated by 5 paise to 83.21 versus the US dollar to begin the new year, owing to a negative trend in local stocks and dollar demand from importers.

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