Business

Opening Bell: Sensex, Nifty Open In Green On 5 Jan

Opening Bell: Indian equity indices opened in green on the weekly F&O expiry day. The NSE Nifty rose 70.89 points or 0.39 per cent to 18,113.80 and BSE Sensex climbed 183.02 points or 0.30 per cent to 60,840.47.

However investors are bearish about the banking stocks that are dragging down the indices.

Shares of oil companies are in focus as government announces hike in windfall tax.

WTI Crude oil fell for the second straight session of the New Year as demand concerns weighed. Crude fell more than 5.30 per cent as it ended the session near $73/bbl. In today’s early session crude is trading around a percent higher. The COVID-19 situation in China and its impact on demand from the world’s largest importer of oil is continuing to haunt the markets.

The Indian Rupee opened marginally higher at 82.77 per dollar against the previous close of 82.80 per dollar.

Gold rate is trading higher on Thursday, January 5, 2023 while the silver rate is down 0.3 per cent. On Multi Commodity Exchange, gold February futures are trading at Rs 55,820 per 10 grams, up Rs 53 or 0.1 per cent. Silver March futures are trading down by Rs 204 at Rs 69,114 per kg on MCX.

Spot gold is up 0.1 per cent at $1,856.11 per ounce after hitting a near seven month high in the previous session. U.S. gold futures also edged 0.1 per cent higher at $1,861.20 while the dollar index eased 0.1 per cent.

Asian and US stock markets

Asian shares rose on Thursday on investor hopes for China’s emergence from the COVID-19 pandemic, while the dollar stayed under pressure even as the U.S. Federal Reserve had a warning against market bets on interest rate cuts this year.

Nifty futures on the Singapore Exchange traded 51 points, or 0.28 per cent, higher at 18,162, signaling that Dalal Street was headed for a positive start on Thursday.

Tokyo stocks opened higher in green on Thursday following Wall Street gains as markets shrugged off messaging from the Federal Reserve reiterating its commitment to lowering inflation. The benchmark Nikkei 225 index rose 0.57 per cent, or 147.01 points, to 25,863.87 at the open, while the broader Topix index added 0.17 per cent, or 3.15 points, to 1,871.30.

Asian stocks indices

Opening Bell: SGX Nifty is trading 0.07 per cent lower at 18,098.00.

Japan’s Nikkei is trading with the gain of 0.38 per cent lower at 25,814.81.

China, Hang Seng is trading with the gain of 1.04 per cent at 21,010.33.

Taiwan Weighted is trading with the gain of 0.60 per cent at 14,284.79.

South korea, Kospi is trading with the gain of 0.38 per cent at 2,263.76.

Shanghai Composite is trading with the gain of 0.93 per cent at 3,152.53.

Almost all the Asian markets are trading in green at the time of article published.

Also read: Market at Close: Indian Equity Indices Ended Wednesday’s Session In The Red Territory

Spriha Rai

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