Nifty, Sensex Open 2023 in Green: SGX Nifty, Dow, Nasdaq Futures

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Nifty, Sensex Open 2023 in Green: SGX Nifty, Dow, Nasdaq Futures
Credit: © Reuters.

By Malvika Gurung -- Indian equity benchmark indices Nifty50 and Sensex opened in the new calendar year 2023 in green, up nearly 0.2% higher each at 9:15 am on Monday.

The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.14% or 26 points lower at 9:05 am on Monday, indicating a muted-to-negative bias on Dalal Street.

Further, the Dow Jones Futures slipped 0.18% and Nasdaq 100 Futures traded flat. 

Major indices on Wall Street ended lower on Friday, closing 2022 with sharp losses, aided by the Russia-Ukraine crisis, interest rate hike to tame the soaring inflation, recession pressures and resurgence of Covid cases in China.

The three averages recorded their steepest single-day percentage declines since the 2008 financial crisis.

Nasdaq Composite plummeted 33%, S&P 500 tumbled 19.4% and Dow Jones tanked 8.7% in 2022. On Friday, they closed 0.11%, 0.25% and 0.22% lower, respectively. At 9:05 am, South Korea’s KOSPI slipped 0.11%.

Oil witnessed a turbulent year in 2022, jumping to all-time highs in the initial months on escalating Ukraine war and then sliding on fears of curtailing demand on rising Covid cases in China.

The Indian rupee opened slightly higher on Monday at 82.68 against the US dollar , after closing at 82.73 last week.

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