Markets may witness a positive day

25 Aug 2023 , 07:53 AM

Indian benchmark indices may see a positive day today as reflected by the market indicator. Yesterday, markets closed under pressure. Nifty 50 closed at 19,387. Sensex ended at 65,252.

Globally, US markets closed on the downside ahead of Federal Reserve Chair Jerome Powell’s speech on Friday. Dow Jones closed 374 points lower. Nasdaq ended the session with a decline of 257 points. S&P 500 closed 60 points lower.

Asian markets show mixed investor sentiments. Chinese Shanghai Composite was trading 0.11% lower. Hong Kong’s Heng Seng was trading with a decline of 0.93%. Japan’s Nikkei 225 closed 1.74% lower. Taiwan index was up by 1.14%. South Korean Kospi was trading 0.53% lower. 

Nifty Midcap 50 stocks closed 0.45% higher. Nifty Bank index closed flat.

BPCL, Asian Paints, IndusInd Bank, Infosys, and Britannia Industries were the top gainers on Thursday. Jio Financial, Reliance Industries, Divis Lab, Power Grid, and ONGC emerged as the biggest laggards.

Oil prices slipped in early morning trade on Friday as slower manufacturing activity hurt the global demand outlook. The Indian Rupee gained 16 paise in today’s trade, settling at 82.56 against the greenback.