Market: Sensex up 300 points, Nifty pre-open above 17,850 – World Affairs SRS

Market: Sensex up 300 points, Nifty pre-open above 17,850

– World Affairs SRS

pre-open session

Live Market Updates: Benchmark indices were strongly positive in the pre-open session, with BSE Sensex up 300 points at 60,047 and NSE Nifty at 17,891, up 79 points.

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Live Market Updates:
Going by the cues from SGX Nifty futures, the benchmark index is expected to open on a slightly positive note on Monday, which is 70 points higher at 17,930 levels than the Nifty spot on Friday.

The markets had ended Friday’s session with a gain of up to 0.4 percent in the green zone.

This week’s action will largely be led by the third quarter earnings season, which will kickstart IT sector earnings, followed by bank major HDFC Bank. India’s inflation figures will also be in the headlines.

Among stocks today, TCS could possibly be in focus as the company’s board will consider a share buyback proposal on January 12, the day it announces third-quarter results.

global signal

Unlike India, US markets started with weekly losses in 2022 on fears of sharp interest rate hikes. For the week, the Dow Jones was down 0.3 per cent. The S&P 500 and Nasdaq lost 1.9 per cent and 4.5 per cent, respectively.

Meanwhile, oil prices rose up to 5 percent last week amid unrest in Kazakhstan, supply disruptions in Libya and a possible impact on Federal Reserve policy.

There was a mixed trend in the major markets of Asia this morning. The Straits Times was up more than one per cent. Hang Seng and Taiwan were up 0.6 per cent and 0.1 per cent, respectively. On the other hand, the Kospi was down 1.4 per cent and the Shanghai Composite was down 0.4 per cent. The Nikkei was flat.

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