Markets may open in green

30 Oct 2023 , 08:58 AM

Indian benchmark indices may start today’s session with positive numbers today. On Friday, markets ended the session with gains. Sensex closed 635 points higher at 63,782. Nifty closed at 19,047, higher by 190 points.

On the global front, Wall Street closed in mixed numbers. Dow Jones closed with a decline of 367 points. Nasdaq Composite ended 47 points higher. S&P 500 ended with a decline of 20 points.

Asian shares are trading under pressure as Israel’s move on Gaza sparked worries of a larger clash ahead of central bank meetings in the United States, the United Kingdom, and Japan. Chinese Shanghai Composite is trading 0.27% lower. Hong Kong’s Hang Seng is trading with a decline of 0.62%. Japan’s Nikkei 225 closed 1.25% lower. Taiwan index is down by 0.15%. South Korean Kospi index is trading with flat numbers.

Nifty Midcap 50 stocks closed 1.29% higher. Nifty Bank stocks ended with a gain of 1.19%.

Coal India, HCL Tech, Axis Bank, SBI, and Bajaj Auto ended with substantial gains. The top laggards were UPL, ITC, Hindalco, BPCL, and Asian Paints.

On Friday, the rupee broke its three-day declining streak to end flat at 83.25 versus the US dollar. On Monday, oil prices fell $1 per barrel as investors remained cautious ahead of the Fed policy meeting.