Markets poised to start the day with gains

11 Jan 2024 , 08:59 AM

Indian benchmark indices may start today’s session on a positive trajectory. Yesterday, markets closed with gains. BSE Sensex closed 272 points higher at 71,658. NSE Nifty 50 ended with a gain of 74 points at 21,619.

On the global front, US markets ended the previous session with gains. Dow Jones closed 171 points higher. Nasdaq Composite ended with a gain of 112 points. S&P ended 27 points higher.

Asian stocks are trading higher ahead of US CPI ahead of US inflation data. Chinese Shanghai Composite is not trading. Japan’s Nikkei 225 closed 2% higher. Hong Kong’s Hang Seng index is trading 1.34% higher. South Korean Kospi is trading 0.13% higher. Taiwan index is trading gain of 0.25%.

Adani Enterprises, Cipla, Reliance Industries, HCL Tech, and Hero MotoCorp emerged as the top gainers. Divis Lab, NTPC, BPCL, ONGC, and Power Grid were the top laggards in yesterday’s session.

Oil prices edged up in Asian trade as markets weighed mounting Middle Eastern tensions against a surprising increase in US crude stocks, which had knocked oil benchmarks down nearly 80 cents the previous session.

The rupee rose 10 paise to 83.03 versus the US dollar on Wednesday, reflecting a strong trend in global markets and lower oil prices.

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