Markets may see a positive start today

9 Jan 2024 , 09:08 AM

Indian benchmark indices may open in positive numbers today. Markets ended yesterday’s session in red territory. BSE Sensex tanked over 670 points to close at 71,355. NSE Nifty ended about 200 points lower at 21,513.

Globally, US Markets ended with gains as investors await inflation data. Dow Jones closed 217 points higher. Nasdaq Composite ended with a gain of 320 points. S&P 500 ended 66 points higher.

On the Asian front, markets are trading with gains, in tandem with the global stocks. Chinese Shanghai Composite is trading 0.33% higher. Japan’s Nikkei 225 closed 1.44% higher. Hong Kong’s Hang Seng index is up by 0.58%. South Korean Kospi index is seen with a gain of 0.37%. Taiwan index is not trading.

Yesterday, on the list of top gainers were Adani Ports, ONGC, NTPC, Sun Pharma, and Hero MotoCorp. Among the top laggards were UPL, SBI Life, SBI, Mahindra & Mahindra, and Tech Mahindra.

On Monday, the rupee lost all of its earlier gains and settled just 1 paisa higher at 83.14 against the US dollar, as support from lower crude oil prices in foreign markets was countered by a negative trend in local stocks.

Oil prices held steady in early trade on Tuesday after falling the previous day, as markets balanced Middle East tensions with demand concerns and increased OPEC supply.

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