Last Updated:
Stock Market Today: Sensex and Nifty may open flat as GIFT Nifty signals a cautious start. Check Asian markets, crude oil prices and key cues for September 23.
GIFT Nifty Today.
GIFT Nifty Today, September 23: The domestic equity markets are likely to open on a cautious note on Wednesday, September 23, amid mixed global cues, easing crude oil prices and continued foreign-investor selling. The GIFT Nifty was trading at 23,352.5, down 47.5 points or 0.20%, as of 7:59 am, signalling a muted start for the domestic market.
According to Ponmudi R, CEO of Enrich Money, Indian equity markets are likely to open flat, with softer crude oil prices and firm Asian markets providing some support.
“Indian equity markets are likely to open on a flat note, with GIFT Nifty futures trading around 23,343 against the Nifty 50’s previous close of 23,329,” Ponmudi said.
Asian Markets Gain; KOSPI Rises Over 1%
Asian equities were largely positive on Wednesday, with the broader Asia-Pacific index outside Japan rising 0.7% and heading for its sixth consecutive session of gains. South Korea’s KOSPI gained 1.2%, supported by renewed interest in artificial-intelligence-related stocks. Samsung Electronics and SK Hynix were both up more than 2%.
Japan’s Nikkei remained closed for a holiday and is scheduled to resume trading on Thursday.
Chinese markets remained subdued, while Taiwan’s benchmark gained around 0.9%.
Crude Oil Prices Ease
Crude oil prices continued to retreat amid signs of improving supply prospects from the Middle East. Brent crude futures were down 0.1% at around $99.18 a barrel, while US West Texas Intermediate (WTI) crude fell 0.4% to around $90.14 a barrel.
Reuters reported that Saudi Arabia had restarted operations at its East-West Pipeline and may have resumed crude exports from the Red Sea port of Yanbu.
The moderation in oil prices could provide some relief to India, given its dependence on imported crude. However, geopolitical risks remain a key factor for global markets. Any fresh disruption to Middle Eastern energy supplies could put crude prices under renewed pressure.
Foreign Selling Remains A Concern
While lower crude prices and positive Asian markets could offer some support, persistent foreign-investor selling remains a key headwind for Indian equities.
Ponmudi said the recent improvement in oil-supply prospects has eased some immediate concerns, but the geopolitical backdrop remains fragile. A renewed disruption to regional energy supplies could reverse the decline in crude prices and put pressure on emerging-market flows.
US Markets, Dollar And Gold
US equity futures were largely steady, while European futures were trading higher. S&P 500 and Nasdaq futures were holding steady. US Treasury yields remained elevated, with the 10-year yield below the 5% level. The two-year yield, meanwhile, rose to its highest level since mid-2024 as markets assessed the possibility of further Federal Reserve tightening.
The dollar remained firm against major currencies.
In commodities, gold eased 0.3% to around $4,341 an ounce, while copper traded close to record highs.
For Indian markets today, investors will track crude oil movements, foreign fund flows, Asian market trends and developments around the Middle East for directional cues.
Sensex, Nifty End Lower On Tuesday
Domestic equities ended lower on Tuesday despite positive global cues and a decline in crude oil prices. The BSE Sensex fell 329.91 points, or 0.44%, to 74,529.08. During the session, the index declined as much as 435.28 points, or 0.58%, to 74,423.71.
The Nifty 50 closed at 23,329, as selling pressure was seen across IT, financial and capital goods stocks.
Quick Answers
Ask News18The domestic equity markets were likely to open on a cautious and flat note, with the GIFT Nifty signalling a muted start amid mixed global cues and easing crude oil prices.
Ask News18About the Author
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, w…Read More
September 23, 2026, 08:05 IST
Read More
Source link
[ad_3]
