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Sensex, Nifty 50 Signal Weak Opening Amid Elevated Yields, Crude

Sensex, Nifty 50 Signal Weak Opening Amid Elevated Yields, Crude
Sensex, Nifty 50 today: GIFT Nifty signals weak start as crude, US yield remain elevated · financialexpress.com

Indian stock markets may start Thursday on a weaker note.

GIFT Nifty, which gives an early signal, was trading lower.

Oil prices were high, which can worry investors.

Interest rates on U.S. government bonds were also near their highest levels in many years.

Higher yields can make investors more cautious about buying shares.

Asian markets moved in different directions.

Foreign investors sold many Indian shares on Wednesday.

Domestic investors bought even more shares.

The Dow and S&P 500 fell, while the Nasdaq rose slightly.

Key facts

GIFT Nifty
Down 0.1%, or 27 points, at 22,632.5 in early Thursday trade.
Brent crude
December futures were around $98.3 per barrel.
WTI crude
November futures were around $90.46 per barrel.
U.S. Treasury yields
The 10-year yield breached 5.3%, while the 30-year yield climbed past 5.6%.
Foreign institutional investors
Sold equities worth ₹10,148.41 crore on Wednesday.
Domestic institutional investors
Bought shares worth ₹11,271.73 crore on Wednesday.
U.S. market performance
The Dow fell 0.9%, the S&P 500 declined 0.3%, and the Nasdaq rose 0.2%.

Sources

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