Markets may start with positive numbers

22 Sep 2023 , 08:12 AM

Indian benchmark indices may start today’s session on a positive note after falling for over two sessions consecutively. Yesterday, markets closed with heavy losses. Sensex closed at 66,230, down by 571 points. Nifty 50 ended 159 points lower at 19,742 points.

Globally, US markets closed lower after a broad sell-off on Thursday. Dow Jones closed 371 points lower. Nasdaq closed with a decline of 245 points. S&P 500 ended 72 points lower.

Asian peers are trading in mixed cues despite a decline on Wall Street. Chinese Shanghai Composite is trading 0.41% higher. Hong Kong’s Heng Seng is trading 0.59% higher. Japan’s Nikkei 225 closed 0.73% lower. Taiwan index is trading 0.17% lower. South Korean Kospi is trading 0.26% lower.

Nifty Midcap 50 stocks closed 0.80% lower. Nifty Bank ended about 2% down.

Top gainers on the nifty index were Adani Ports, Tech Mahindra, Dr Reddy’s, Asian Paints, and Bharti Airtel. On the flipside were, Mahindra & Mahindra, ICICI Bank, Cipla, SBI, and IndusInd Bank.

Oil prices increased on Friday as concerns that a Russian restriction on petroleum exports could constrain global supply overcame expectations. On Thursday, the rupee stabilized in a narrow range to close 2 paise down at 83.13 against the US dollar.