Markets may open in green territory today

16 Oct 2023 , 08:39 AM

Indian benchmark indices may start today’s session with some gains. On Friday, markets closed on a downward note. Sensex closed 126 points lower at 66,283. Nifty 50 closed with a decline of 43 points at 19,751.

On the global front, US markets ended their previous session in mixed moods. Dow Jones ended 39 points higher at 33,670. Nasdaq Composite ended the session with a decline of 167 points. S&P 500 index closed 22 points lower.

Asian equities are trading with declines. Chinese Shanghai Composite is down by 0.39%. Hong Kong’s Hang Seng is trading 0.11% lower. Japan’s Nikkei 225 closed 1.74% lower. Taiwan index is down by 0.77%. South Korean Kospi index is trading 0.96% lower.

Nifty Midcap 50 stock closed under pressure. Nifty Bank index closed down by 0.70%.

On Friday, Tata Motors, HCLTech, IndusInd Bank, Tata Consumer, and Nestle India emerged as the top losers. Axis Bank, Adani Enterprises, Infosys, SBI, and Wipro closed as the biggest laggards. 

Due to soaring crude oil prices internationally and a negative trend in domestic markets, the rupee lost 6 paise to trade at 83.30 against the US dollar on Friday.

Oil prices dipped on Monday, somewhat erasing Friday’s rise, as investors await the outcome of the Israel-Hamas confrontation.