Markets may start in a negative tone

1 Sep 2023 , 09:03 AM

Indian benchmark indices may start in a negative territory today as mixed sentiments persist in global markets. Yesterday, markets closed slightly under pressure. Nifty 50 closed 94 points lower. Sensex ended 255 points lower.

On the global front, US markets closed with mixed numbers. Dow Jones closed with a decline of 168 points. Nasdaq ended with a gain of 16 points. S&P 500 was slightly under pressure.

Asian peers are trading with positive numbers. Chinese Shanghai Composite is trading 0.31% higher. Hong Kong’s Heng Seng is trading flat. Japan’s Nikkei 225 closed with a gain of 0.62%. Taiwan index ended 0.29% higher. South Korean Kospi is trading with muted numbers.

Nifty Midcap 50 stocks closed 0.20% lower. Nifty Bank ended with a decline of 0.55% lower.

Jio Financial Services, Maruti Suzuki, HDFC Life, Cipla, and Tata Steel emerged as the top gainers in yesterday’s intraday session. Adani Enterprises, BPCL, Adani Ports, Britannia Industries, and Eicher Motors were the biggest losers.

The rupee fell 7 paise to 82.70 against the US dollar on Thursday, mirroring a stronger US currency and higher crude oil prices. Oil prices were set to reverse a two-week losing run on Friday as they increased for the fourth consecutive session.