Markets may open with positive numbers

18 Sep 2023 , 08:55 AM

Indian benchmark indices will see a positive debut in today’s session as the market indicator signals. On Friday, markets closed on a higher note. Sensex closed at 67,838 with a gain of 320 points. Nifty closed with a gain of 89 points at 20,192.

Globally, US equities closed on a sluggish note. Dow Jones ended with a decline of 289 points. Nasdaq closed 218 points lower. S&P 500 closed down by 55 points.

Asian peers are trading in mixed trajectory in Monday’s early morning session. Chinese Shanghai Composite is trading 0.03% lower. Hong Kong’s Heng Seng is down by .90%. Japan’s Nikkei 225 closed 1.10% higher. Taiwan index is 0.63% lower. South Korean Kospi index is trading 0.81% lower.

Nifty Midcap 50 stocks closed 0.46% higher. Nifty Bank is trading with a gain of 0.50%.

Bajaj Auto, Hero MotoCorp, Mahindra & Mahindra, Grasim, and HCL Tech emerged as the top gainers on Friday. On the other hand, BPCL, Hindustan Unilever, Asian Paints, Britannia Industries, and Tata Consumer were the biggest laggards.

On Friday, the rupee slipped 13 paise to 83.16 against the US dollar, weighed down by rising crude oil costs and a strong greenback against key rivals overseas. Oil prices edged up on Monday, boosted by expectations of a worsening supply gap in the fourth quarter.