3 days ago

GIFT Nifty Signals Weak Indian Opening as Yields, Crude Rise

GIFT Nifty Signals Weak Indian Opening as Yields, Crude Rise
Sensex, Nifty today: GIFT Nifty signals muted start as crude, US yield remain elevated · financialexpress.com

Indian stocks may start Tuesday on a weak note.

GIFT Nifty was almost unchanged but remained lower at about 22,820.5.

Oil prices stayed high, with Brent crude near $106 a barrel.

High oil prices can worry investors because they may increase inflation concerns.

The US 10-year government bond yield also stayed near a multi-year high of 5.24%.

US stocks fell on Monday, while Asian markets mostly opened lower on Tuesday.

Foreign investors sold Indian shares, but domestic investors bought a similar amount.

Gold and silver prices also declined in early trading.

Together, these signals suggest that Indian markets could face pressure at the open.

Key facts

GIFT Nifty
22,820.5, nearly 2 points lower in early Tuesday trade.
Brent crude
Around $106 per barrel.
West Texas Intermediate
Just above $93 per barrel.
US 10-year Treasury yield
About 5.24%, near multi-year highs.
Foreign institutional investors
Sold Indian equities worth Rs 5,353.22 crore on Monday.
Domestic institutional investors
Bought Indian equities worth Rs 5,189.02 crore on Monday.
US markets
The Dow Jones Industrial Average fell more than 300 points, while the S&P 500 declined 0.8% and the Nasdaq Composite fell 0.9% on Monday.

Sources

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