Markets may see a upside in today’s opening session

27 Oct 2023 , 08:50 AM

Indian benchmark indices may see a positive start to today’s session after falling for three consecutive sessions. Yesterday, markets closed on a sluggish note with indices losing substantial points. Sensex closed 900 points lower at 63,148 points. Nifty 50 closed 265 points lower at 18,857.

Globally, US markets closed in red territory. Dow Jones closed 252 points lower. S&P 500 ended with a decline of 50 points, Nasdaq Composite ended 226 points lower at 12,596.

Asian Markets are trading higher taking a cue from US futures higher. Chinese Shanghai Composite is trading with a gain of 0.27%. Hong Kong’s Hang Seng is trading 1.50% higher. Japan’s Nikkei 225 closed 1.54% higher. Taiwan index is trading with a gain of 0.48%.

Nifty Midcap 50 stocks closed 1.57% lower. Bank Nifty closed with a decline of 1.29%.

Top gainers on the nifty index were Axis Bank, Adani Ports, HCL Tech, and PowerGrid. Mahindra & Mahindra, Bajaj Finance, Asian Paints, UPL, and Nestle India were the biggest laggards.

On Thursday, the rupee fell for the third straight session, closing 8 paise down at 83.25 against the US dollar.

Oil prices increased on Friday, reclaiming ground after falling more than $2 per barrel the previous day due to fears of a larger Middle East war.