Markets may open on negative side

10 Nov 2023 , 08:27 AM

Indian benchmark indices may open today’s session with a downward sentiment. Yesterday, markets closed in red. Sensex ended 143 points lower at 64,832. Nifty 50 closed with a decline of 48 points at 19,395.

Globally, US markets ended the session on a dim note after the disappointing auction of 30-year bonds and comments from Fed Reserve Chair Jerome Powell. Dow Jones closed with a decline of 220 points at 33,891. Nasdaq Composite closed 129 points lower at 13,522. S&P 500 index was down by 35 points at 4,347.

Asian markets are also maintaining a sluggish momentum in today’s early morning session, tracking the cues from global markets. Chinese Shanghai Composite is trading 0.81% lower. Hong Kong’s Hang Seng is trading with a decline of 1.65%. Japan’s Nikkei 225 closed 0.60% down. Taiwan index declined 0.35%.

Mahindra & Mahindra, Apollo Hospitals, Coal India, Power Grid, and IndusInd Bank were the top gainers in the previous trading session. While Adani Enterprises, Hindustan Unilever, Adani Ports, Tata Consumer, and ONGC emerged as the top losers.

Nifty Midcap 50 stocks ended the session with a 0.47% uptick amidst a downward trend in the overall market. Nifty Bank stocks closed flat.

The rupee remained range-bound on Thursday, closing 1 paisa higher at 83.29 against the US dollar.