Markets may start today’s intraday session with flat numbers

7 Nov 2023 , 09:14 AM

Indian benchmark indices may open on a flat note today after a stable session in previous trade. Yesterday, markets closed with sharp gains. Sensex ended 595 points higher at 64,598. Nifty 50 ended with a gain of 181 points at 19,412.

On the global front, US markets closed with flat numbers as investors eye Fed speakers and Treasury auctions. Dow Jones closed with a gain of 34 points. Nasdaq closed 41 points higher at 13,519. S&P 500 ended 8 points up.

Asian markets, on the other hand, are trading in a sluggish mood. Chinese Shanghai Composite closed 0.34% lower. Hong Kong’s Hang Seng ended with a decline of 1.58%. Japan’s Nikkei 225 closed 0.93% lower. Taiwan index ended flat. South Korean Kospi index is trading 3.17% lower.

Nifty Midcap 50 stocks ended 0.61% higher. Nifty Bank index closed with a gain of 0.70%.

In yesterday’s trade, Divis Lab, Eicher Motors, Hero MotoCorp, Axis Bank, and Larsen & Toubro emerged as the biggest gainers. On the losers chart were SBI, Hindustan Unilever, Cipla, Tata Motors, and Titan.

The rupee ended the day lower by 1 paisa at 83.21 vs the US dollar, as strong local equities were offset by higher crude oil prices. Oil prices fell on Tuesday, giving up much of the previous day’s gains, on fears about poor Chinese demand.