1 week ago

Indian Markets Face Mixed Global Cues as Oil Surges

Indian Markets Face Mixed Global Cues as Oil Surges
Sensex, Nifty Today: GIFT Nifty signals subdued start as US Treasury yields rebound; crude surges past $93 · financialexpress.com

Indian stock markets may begin quietly because signals from other countries are mixed.

GIFT Nifty was only slightly higher in early trading.

Asian markets were mostly lower after US markets fell.

Investors were concerned that higher US government bond yields could make borrowing more expensive.

Oil prices stayed high, with Brent crude above $93 a barrel.

The rise followed comments about tougher US sanctions against Iran.

Gold was slightly lower on international markets but its Indian price increased from the previous day.

Silver prices in India also rose.

Foreign investors sold Indian shares, while domestic institutions bought much more.

The Nifty 50 and Sensex had both gained during the previous session.

Key facts

GIFT Nifty
Up 15 points, or 0.05%, indicating a quiet start for Indian markets.
Previous Nifty 50 close
24,232, up 0.64%.
Previous BSE Sensex close
77,537, up 0.82%.
Brent crude
Trading at $93.44 per barrel, above $90.
10-year US Treasury yield
Rose more than 5 basis points to 4.704%.
Institutional flows
FIIs sold Rs 583.36 crore, while DIIs bought Rs 3,537.71 crore on August 20.
Indian silver price
Rose 2.76% to Rs 2.44 lakh per kilogram.

Sources

Related news