Markets may open with negative numbers

5 Apr 2024 , 08:53 AM

Indian benchmark indices may start today’s session with negative numbers. Yesterday, indices closed with positive numbers. BSE Sensex closed 351 points higher at 74,228. NSE Nifty ended with a gain of 80 points at 22,514.

On the global front, On Thursday, all three major U.S. stock indexes experienced declines of over 1%. The S&P 500 saw its largest daily percentage decrease since February 13. This drop occurred as Federal Reserve officials adopted a cautious stance in their remarks regarding potential interest rate cuts, while investors prepared for the upcoming U.S. monthly jobs report scheduled for Friday.

Dow Jones closed 530 points lower. Nasdaq Composite ended 228 points down. S&P 500 ended 1.23% lower.

Asian stocks declined on Friday due to cautious statements from certain Federal Reserve officials and increasing geopolitical tensions, which dampened risk appetite. Additionally, traders exercised caution ahead of the release of U.S. jobs data later in the day.

Chinese Shanghai Composite is trading 0.18% lower. Japan’s Nikkei 225 closed 2.42% down. Hong Kong’s Hang Seng index is down by 0.97%. South Korean Kospi index is down by 1.08%. Taiwan index is trading 0.63% lower.

On the nifty index, HDFC Bank, Titan, Tech Mahindra, Eicher Motors, and Asian Paints ended as the top gainers. ONGC, Adani Ports, Shriram Finance, and Bharti Airtel closed as the top laggards.

Oil prices rose again on Friday, heading for a second weekly rise, boosted by geopolitical tensions in Europe and the Middle East, fears about constraining supplies, and optimism about global fuel demand growth as economies strengthen.

On Thursday, the rupee rose 14 paise to settle at 83.39 vs the US dollar, reflecting a strong trend in local markets and a weak greenback against key crosses overseas.

For feedback and suggestions, write to us at [e-mail]