Market News
2 min read | Updated on March 27, 2024, 10:16 IST
SUMMARY
Indian markets opened higher following mixed cues from its Asian peers. Shares of Cipla, Sanofi India, CDSL and Adani Power are expected to remain in focus in today's trade
Indian markets open in positive territory
Indian markets opened positive with 0.4% gains on NIFTY 50 and 0.3% on Sensex. The early gains on the NIFTY50 is led by Reliance (+0.9%), LT(+0.3%), Bajaj Finance (+0.77%), Axis Bank (+0.5%) and Adani Ports (+1.3%).
The Asian markets are trading mixed with the Japanese benchmark index, trading nearly 1% higher, while the Chinese and Hong Kong markets are trading at 0.3% lower. The US markets pared some early gains to close 0.4% lower ahead of key macroeconomic numbers to be released on Friday.
On the commodities front, Brent crude oil prices have cooled off from the recent highs of $87 per barrel mark and are currently trading at $84.9 per barrel, lower by 0.7%. Gold prices are trading stable on the MCX at ₹66,101 levels.
The momentum continues in broader indices as NIFTY midcap 100 and NIFTY smallcap 100 opened 0.5% higher on Wednesday Morning. The midcap index has gained 6.5% from its recent lows, while the smallcap 100 index has gained nearly 8% from the recent lows, showing a strong recovery in broader indices.
In a separate exchange filing, Cipla announced receiving merger approval in the US of its wholly owned step-down subsidiary Cipla Technologies LLC into Cipla USA Inc. Shares of Cipla are trading flat at ₹1,473 apiece on the NSE.
About The Author
Next Story