Markets may open on a positive note

30 Jan 2024 , 08:56 AM

Indian benchmark indices may start today’s session on a strong footing. Yesterday, markets ended the session with substantial gains. BSE Sensex closed 1,241 points higher at 71,941. NSE Nifty concluded the session with a gain of 385 points at 21,738.

On the global front, US markets closed in a sweet spot. Dow Jones ended 224 points higher. Nasdaq Composite closed 173 points higher. S&P 500 index was 37 points higher at closing.

Asian peers are trading in mixed sentiments owing to the court-ordered liquidation of property behemoth China Evergrande. Chinese Shanghai Composite is trading 0.48% lower. Japan’s Nikkei 225 closed 0.24% higher. Hong Kong’s Hang Seng index is trading with a decline of 1.88%. South Korean Kospi is trading marginally higher. Taiwan index is currently down by 0.22%.

ONGC, Reliance Industries, Coal India, Adani Enterprises, and Adani Ports emerged as the top gainers on Monday. Cipla, ITC, Infosys, LTIMindtree, and Bajaj Auto closed on the flipside.

The rupee fell 5 paise to 83.16 versus the US dollar on Monday, as rising crude oil prices in foreign markets and dollar demand from importers dampened investor optimism.

Oil prices increased in early trade on Tuesday, as rising geopolitical tensions in the Middle East exacerbated supply concerns.

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