Markets may open with a positive sentiment

28 Dec 2023 , 08:35 AM

Indian benchmark indices may start today’s session in the green, after witnessing a strong rally in the previous session and tracking the global peers. Yesterday, markets closed with substantial gains. BSE Sensex closed 702 points higher at 72,038. NSE Nifty ended with a gain of 213 points at 21,654.

On the global front, Wall Street indices ended their previous session with upticks. Dow Jones closed 111 points higher. Nasdaq Composite ended with a gain of 25 points. S&P 500 closed marginally higher.

Asian stocks are trading in higher momentum, driven by the gains in global markets. Chinese Shanghai Composite is trading 0.91% higher. Japan’s Nikkei 225 closed 0.53% lower. Hong Kong’s Hang Seng index is trading 1.40% higher. South Korean Kospi index is up by 1%. Taiwan index is trading with a marginal decline.

In the previous session, the top gainers were Ultratech Cement, Hindalco, Bajaj Auto, JSW Steel, and Tata Motors. On the other hand, ONGC, NTPC, Adani Enterprises, Britannia, and UPL were the top laggards.

Oil prices increased in early Asian trade on Thursday as continued concerns about growing tensions in the Middle East offset lessening concerns about transportation interruptions, as several major shipping companies announced plans to return to the Red Sea route.

The rupee fell 15 paise to 83.34 versus the US dollar on Wednesday as a result of continued outflows of foreign capital and rising demand for US currency from importers and banks.

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