Market Commentary - Pre-Session
Indices likely to open in positive zone As on : 17-Oct-23  08:40

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 15 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading higher on Tuesday, recovering a measure of recent losses tracking strength in Wall Street, although markets still remained on edge over the Israel-Hamas war and key upcoming economic readings from China.

New Zealand's consumer inflation hit a two-year low in the third quarter. Consumer prices rose 5.6% from a year ago, slower than the 6% increase in the second quarter, according to Statistics New Zealand data published Tuesday.

China's third-quarter gross domestic product data is due on Wednesday, and is expected to show continued weakness in economic growth.

US stocks ended sharply higher on Monday as investors were optimistic about the start of the earnings season, while transportation and small-cap shares also jumped.

Domestic markets:

Back home, the benchmark indices ended with minor losses on Monday, declining for the third consecutive session. The barometer index, the S&P BSE Sensex declined 115.81 points or 0.17% to 66,166.93. The Nifty 50 index lost 19.30 points or 0.10% to 19,731.75.

Foreign portfolio investors (FPIs) sold shares worth Rs 593.66 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,184.24 crore in the Indian equity market on 16 October, provisional data showed.

Powered by Capital Market - Live News