Markets may open today’s session in a positive sentiment

22 Nov 2023 , 08:29 AM

Indian benchmark indices may start today’s intraday session in a positive cue after closing in a winning streak yesterday. Sensex closed 276 points higher at 65,930. Nifty 50 ended with a gain of 89 points at 19,783.

On the global front, US markets closed under pressure. Dow Jones ended with a decline of 63 points. Nasdaq Composite ended 85 points lower. S&P 500 index was down by 9 points at closing.

Asian peers, on the other hand, are trading in mixed numbers as investors’ cheer fades about the prospect of a pause in US interest rate hikes. Chinese Shanghai Composite is trading 0.13% lower. Hong Kong’s Hang Seng is trading 0.19% higher. Japan’s Nikkei 225 closed 0.62% higher. Taiwan index is trading 0.51% lower. South Korean Kospi index is trading 0.42% lower.

SBI Life, HDFC Life, Adani Enterprises, Hindalco, and JSW Steel closed as the top gainers on Tuesday. BPCL, Tech Mahindra, LTIMindtree, NTPC, and Larsen & Toubro ended the session as top laggards.

Nifty Midcap 50 closed 0.29% higher. Nifty Bank closed with a marginal upside.

The rupee recovered from its all-time low to close 10 paise higher at 83.28 against the US dollar on Tuesday, reflecting the American currency’s weakness in the international market and strong domestic stocks. Oil prices remained nearly flat in Asian trade on Wednesday, as a potentially huge buildup of US oil offset gains caused by probable supply cuts.

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