Mumbai: Indian equity benchmarks surged on Thursday, extending their winning streak to a fifth consecutive session, as a sharp decline in crude oil prices boosted investor sentiment amid expectations of a quicker resolution to the West Asia conflict following the Democrats’ victory in the US midterm elections. The Sensex soared 2,008.61 points, or 2.6 per.
Indian stock markets opened lower on October 26, with the Sensex dropping 133.79 points and the Nifty opening at 22,524.40. Selling in IT stocks, elevated crude oil prices and global uncertainty weighed on investor sentiment, despite buying by foreign and domestic institutional investors in the previous session.
Mumbai: Indian equity benchmarks opened lower on Thursday tracking weak Asian markets and concerns over elevated crude oil prices and high US bond yields. Sensex opened 366.36 points or 0.50 per cent lower at 73,343.33, while Nifty began the trading session at 22,687.75, declining 123.60 points or 0.54 per cent. Sectoral Picture: Auto, Metal Lead.
The government has increased the export duty on petrol from ₹0.50 to ₹2.50 per litre and reduced the duty on diesel from ₹16 to ₹8.50 per litre. Both changes took effect on October 16 as part of the regular review of petroleum export duties.
Crude oil prices remaining above $100 per barrel, key inflation data from India and the US, the rupee's movement, global bond yields, and the possibility of a rise in corporate quarterly results will be key factors determining the direction of the Indian stock market next week.
Domestic equity markets opened subdued on Tuesday with benchmarks slipping about 0.2 per cent each amid a surge in crude oil prices and weak global cues.
Indian equity benchmarks Nifty and Sensex ended lower for the seventh straight week as high crude prices, rising US bond yields and foreign institutional selling weighed on markets.
Mumbai: Indian equity benchmarks ended the truncated trading week on a subdued note, with investors closely watching key technical levels amid concerns over elevated crude oil prices and rising global bond yields. Market experts believe the Sensex needs a sustained move above 74,600 to regain upward momentum, while the Nifty’s 23,000-23,100 zone remains a critical.
Brent crude jumped above $107 a barrel on Monday as escalating Middle East tensions and concerns over disruptions to global energy supplies pushed oil prices higher.
Copper has crossed a level never seen before, while Brent crude has moved back above $100 a barrel. Together, their rise raises a bigger question: Is the world facing a new commodity supply shock? Copper hits record high Three-month copper on the London Metal Exchange touched a record $14,858.50 per tonne on September 10, taking.
