Markets may see a muted start today

11 Oct 2023 , 08:56 AM

Indian benchmark indices may start today’s trading session on a muted note as investors are cautious ahead of the Fed Reserve’s meeting. Yesterday, markets closed with substantial gains. Sensex closed 567 points higher. Nifty 50 closed with a gain of 178 points. 

On the global front, US markets closed with modest gains ahead of the US Fed Reserve’s meeting. Dow Jones ended with a gain of 135 points. Nasdaq Composite closed 79 points higher. S&P 500 closed with a gain of 0.52%.

Asian markets are trading in positive numbers. Chinese Shanghai Composite is trading 0.25% higher. Hong Kong’s Hang Seng is trading with a gain of 1.36%. Japan’s Nikkei 225 closed 0.54% higher. Taiwan index is trading up by 0.89%. South Korean Kospi index is up by 2.31%.

Nifty Midcap 50 stocks closed up by 1.54%. Nifty Bank index ended 1.08% higher.

In Tuesday’s intraday session, Coal India, Adani Ports, Bharti Airtel, Kotak Bank, and Hindalco emerged as the biggest gainers. While IndusInd Bank, Cipla, TCS, Dr Reddy’s, and Titan closed on the flipside.

On Tuesday, the rupee rose 3 paise to 83.25 against the US dollar, as a rebound in domestic financial markets improved investor morale. Oil prices were little changed in early Asian trade on Wednesday, as worries over potential supply interruptions subsided.