Markets may open in green territory

26 Mar 2024 , 09:11 AM

Indian benchmark indices may start today’s session with positive numbers. On Friday, markets closed with modest gains. BSE Sensex closed 191 points higher. NSE Nifty ended with a gain of 85 points at 22,097. On Monday, stock markets were closed on account of Holi.

On the global front, US equities fell at the start of a holiday-shortened week on Monday, as investors braced for inflation data. All three main US market indices closed in the red, with the blue-chip Dow losing the most percentage points. Dow Jones closed 162 points lower. The Nasdaq Composite index ended 44 points down. The S&P 500 ended with a decline of 16 points.

Stocks in Asia were mixed as US shares reversed a run that had sent the S&P 500 Index to several records, raising concerns that the market had gone too far, too quickly. Japanese stocks fluctuated between gains and losses, while shares in Australia fell.

Chinese Shanghai Composite is trading with a decline of 0.29%. Japan’s Nikkei 225 ended 0.12% down. Hong Kong’s Hang Seng index is trading 0.10% higher. South Korean Kospi index is up by 1.20%. Taiwan index is trading down by 0.37%.

On the nifty index, Hero MotoCorp, Maruti Suzuki, Sun Pharma, UPL, and Apollo Hospital ended as the biggest gainers. LTIMindtree, Infosys, Wipro, HCL Tech, and TCS closed as the top laggards.

The Indian rupee is expected to begin slightly higher on Tuesday after falling to a record low last week, with traders keeping a lookout for any action from the Reserve Bank of India (RBI) to relieve pressure on the local currency.

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