Markets may open in a positive sentiment today

10 Oct 2023 , 08:53 AM

Indian benchmark indices may have a positive session today, as appears from the market indicator. Yesterday, markets closed on a sluggish note owing to jittered investor sentiment on US rate expectations. Sensex closed 483 points lower at 65,512. Nifty 50 ended with a decline of 141 points at 19,512.

On the global front, US markets closed on a higher note, getting a lift from Fed Reserve’s dovish remarks. Dow Jones closed 197 points higher. Nasdaq Composite index closed 53 points higher. S&P 500 closed 27 points up.

Asian markets are trading in positive numbers, tracking the upside on Wall street. The Chinese Shanghai Composite is trading 0.39% lower. Hong Kong’s Hang Seng is up by 1.61%. Japan’s Nikkei 225 is trading 2.50% higher. Taiwan index is trading with a gain of 0.28%. South Korean Kospi index is trading 1.10% higher.

Nifty Midcap 50 stocks closed with a decline of 1.11%. Nifty Bank ended 1.07% lower.

Top stocks in Monday’s session were Dr Reddy’s, HCL Tech, Tata Consumer, ONGC, and Hindustan Unilever. Adani Ports, HDFC Life, Hero MotoCorp, Mahindra & Mahindra, and Tata Steel emerged as the biggest laggards.

On Monday, the rupee fell one paisa to 83.28 against the US dollar, owing to a negative trend in domestic equities and rising crude oil prices in international markets. Oil prices fell slightly on Tuesday after rising more than 4% the previous session, as markets assessed the risk of supply interruptions.