From Financialexpress · Oliviya Kunjumon · · 1m 10s
Nifty Signals Cautious Start
GIFT Nifty points to muted market opening after US yields hit fresh highs.
In brief
GIFT Nifty points to muted market opening after US yields hit fresh highs. Indian equities open cautiously as GIFT Nifty falls 50 points from 22,542 amid rising US Treasury yields. Originally reported by Financialexpress.
Market Opens Cautiously
Indian equity markets likely open on a cautious note Wednesday with GIFT Nifty trading around 22,542, down 50 points.
Previous Day's Close
Nifty closed 0.8% lower at 22,603.05, while Sensex fell 0.6% to 72,638.70 on October 7.
Asian Markets Decline
Asian markets opened lower with Japan’s Nikkei 225 down 0.4%, South Korea’s Kospi down 0.35%, and Australia’s S&P/ASX 200 down 0.4%.
Crude Oil Rises
Brent crude gained 1.35% to $101.55 a barrel, while US crude climbed 1.2% to $89.42 a barrel on October 8.
US Treasury Yields Rise
The 10-year US Treasury yield climbed to 5.3%, while the 30-year yield rose to 5.7% on October 8.
Wall Street Declines
Wall Street ended lower on Wednesday as investors booked profits, with S&P 500 down 0.2% and Dow Jones down over 340 points.
FII-DII Flows
Foreign institutional investors offloaded Rs 6,121.40 crore, while domestic institutional investors bought Rs 4,596.60 crore on October 8.
The headline
Indian equities open cautiously as GIFT Nifty falls 50 points from 22,542 amid rising US Treasury yields.
