Market Commentary - Pre-Session
Market may open higher As on : 25-Sep-23  08:33

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 45 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading mixed as investors look toward inflation data from across the region this week. Singapore and Australia are expected to report inflation figures for August this week, while Japan will release inflation data for the Tokyo region.

US stocks ended lower on Friday as investors continued to grapple with signals from the Federal Reserve that it intended to keep interest rates higher for longer.

Domestic markets:

Back home, key equity benchmarks closed with marginal losses, extending the downward trend for the fourth consecutive day. The barometer index, the S&P BSE Sensex declined 221.09 points or 0.33% to 66,009.15. The Nifty 50 index lost 68.10 points or 0.34% to 19,674.25.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,326.74 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 801.27 crore in the Indian equity market on 22 September, provisional data showed.

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