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Indian Stocks Eye Positive Start Amid Oil, Yield Pressures

Indian Stocks Eye Positive Start Amid Oil, Yield Pressures
Sensex, Nifty today: GIFT Nifty signals positive start even as US yield hits 5%; Brent crude near $107 · financialexpress.com

Indian stock markets may open higher after a one-day holiday for Ganesh Chaturthi.

GIFT Nifty, a market indicator, was trading above 23,500.

However, several global signals were less encouraging.

Many Asian markets and the main US stock indexes had fallen.

US government borrowing costs rose, with the 10-year yield briefly moving above 5%.

Oil became more expensive after Saudi Arabia closed an important pipeline route.

Higher oil prices and borrowing costs can make investors more cautious.

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

Gold and silver prices also declined in their latest trading sessions.

Key facts

GIFT Nifty
Up 80 points, or 0.34%, above 23,500 in early trade.
Previous Sensex close
74,781.76, down 120.83 points, or 0.16%.
Previous Nifty 50 close
23,398.10, down 79.70 points, or 0.34%.
Brent crude
$106.98 a barrel, up 1.23%.
US 10-year Treasury yield
Briefly crossed 5%, its highest level since October 2023.
Institutional flows
Foreign institutional investors sold Rs 930.90 crore; domestic institutional investors bought Rs 1,968.17 crore on September 11.
Gold and silver
COMEX gold fell 0.43% to 4,334, while COMEX silver declined 1.28% to 63.63.

Sources

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