Markets may start with muted numbers

3 Nov 2023 , 09:10 AM

Indian benchmark indices may start today’s session with flat numbers. Yesterday, markets ended with sharp gains. Sensex closed 490 points higher at 64,080. Nifty 50 closed with a gain of 144 points at 19,133.

Globally, US markets closed with substantial gains. Dow Jones ended with a gain of 565 points. Nasdaq Composite closed 234 points higher. S&P 500 was up by 80 points.

Asian markets are trading with positive numbers tracking the gains in global markets. Chinese Shanghai Composite is trading 0.74% higher. Hong Kong’s Hang Seng is trading 2% higher. Japan’s Nikkei 225 closed flat. Taiwan index is trading higher by 0.81%. South Korean Kospi index is trading 25 points.

Nifty Midcap 50 stocks closed 1.60% higher. Nifty Bank ended with a gain of 0.74%.

Britannia Industries, Hindalco, IndusInd Bank, Apollo Hospital, and Eicher Motors closed as the top gainers. Hero MotoCorp, Bajaj Auto, HDFC Life, ONGC, and Adani Enterprises ended as the top laggards.

In range-bound activity on Thursday, the rupee strengthened 6 paise to settle at 83.22 versus the US dollar. Oil prices were little changed on Friday, pointing to a second week of falls.

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