Markets May Open Positively Amid Global Gains- Sept 23, 2024

23 Sep 2024 , 09:08 AM

Indian benchmark indices likely to open higher on September 23 amid positive global cues. The GIFT Nifty was also trading near 25,888, around 72 points up at 7.30 am.

On September 20, the bulls have strengthened their grip as indices surged all-time highs for a second consecutive session. At close, the Sensex had gained 1,359.51 points, or 1.63%, to settle at 84,544.31, while the Nifty rose 375.20 points, or 1.48%, to finish at 25,791.

Global Markets:

All major Asian markets were trading positively on Monday morning as investors await key central bank meetings and focusing on the upcoming the US inflation data, which can further provide favourable conditions for monetary easing.

On Friday, Wall Street was trading near the previous record-high and ended flat. The benchmark S&P 500 was up 1% initially, but later retreated to close down 0.29% at 5,618.26. The Dow Jones Industrial Average edged up by 0.09% to 42,063.36, while the S&P 500 dipped 0.19% to 5,702.55. The Nasdaq Composite finished the week 0.36% lower, closing at 17,948.32.

FII & DII Data:

On Friday, FIIs bought equities worth ₹14,064 crore while DIIs sold equities of ₹4427 crore.