Sensex, Nifty today: GIFT Nifty signals muted start as crude, US yield remain elevated
Sensex, Nifty before pre-open: Gift Nifty is trading flat or 2 points lower at 22, 820.5 in early trade on Tuesday, indicating a subdued opening for Indian equities.
Sensex, Nifty before pre-open: Gift Nifty is trading flat or 2 points lower at 22, 820.5 in early trade on Tuesday, indicating a subdued opening for Indian equities.
Article outline
- What happened
- The key numbers
- The bottom line
Key points
- US stocks concluded lower on Monday, with the Dow Jones Industrial Average losing over 300 points to end at 51, 481.5 points.
- Major Asian markets have opened lower on Tuesday, September 29, extending losses for the second consecutive session.
- Crude oil rates were higher in early trading on Tuesday, with Brent crude oil hovering around $106 per barrel.
- US Stock Futures remained flat in Tuesday trade after the sharp overnight losses seen by the Indices.
- The 10-year US yield remained elevated at multi-year highs on the back of apprehension regarding Fed rate action.
Major Asian markets have opened lower on Tuesday, September 29, extending losses for the second consecutive session. Japan's Nikkei 225 declined 0.4% in early trade Tuesday while the broader Topix was down 1.1%. South Korea's Kospi fell 0.5% while the Kosdaq declined 0.3%. Nevertheless, Australia's S&P/ASX 200 opened 0.2% higher.
Crude oil rates were higher in early trading on Tuesday, with Brent crude oil hovering around $106 per barrel. The West Texas Intermediate crude oil was just above $93 per barrel. US Stock Futures on Tuesday.
US Stock Futures remained flat in Tuesday trade after the sharp overnight losses seen by the Indices. The US Yield hurtling ahead to multi-year highs remained the major worry for the markets. US Markets on Monday.
US stocks concluded lower on Monday, with the Dow Jones Industrial Average losing over 300 points to end at 51, 481.5 points. The S&P 500 concluded 0.8% lower at 7, 683.69 points on Monday while Nasdaq Composite concluded 0.9% lower at 26, 820.3 points.
In practice, the 10-year US yield remained elevated at multi-year highs on the back of apprehension regarding Fed rate action. Higher crude oil rates and inflation fears stoked further rally in the yield rates.
Taken together, the developments around sensex, Nifty today: GIFT Nifty signals muted start as crude, US yield point to a situation that is still moving, and the coming days should bring more clarity.
