Markets may see a flat start today

31 Oct 2023 , 08:36 AM

Indian benchmark indices may open today’s session with muted numbers. Yesterday, markets closed on a positive note. Sensex ended with a gain of 330 points at 64,113. Nifty 50 closed 94 points higher at 19,141.

Globally, US markets closed with substantial gains, recovering from previous sessions. Dow Jones index closed 511 points higher. Nasdaq Composite index ended 146 points higher. S&P 500 closed up by 50 points.

Asian markets are trading in mixed cues today. Chinese Shanghai Composite index is trading with a decline of 0.31%. Hong Kong’s Hang Seng is trading 1.11% lower. Japan’s Nikkei 225 closed 0.17% lower. Taiwan index is trading with modest gains. South Korean Kospi index is down by 0.88%.

BPCL, Ultratech Cement, ONGC, Reliance, and SBI Life were the biggest gainers yesterday. UPL, Tata Motors, Maruti Suzuki, Eicher Motors, and Axis Bank emerged as the top laggards. 

Nifty Midcap 50 stocks closed 0.10% lower. Nifty Bank ended with a gain of 0.60%. On Monday, the rupee traded flat and closed 1 paisa down at 83.26 versus the US dollar. In early Asian trade on Tuesday, oil prices climbed ahead of global central bank meetings.