Stock Market Today Live Updates: BSE Sensex tumbles 650 points, Nifty50 slips below 23,300 as oil stays above
Indian shares are set for a weaker opening on Thursday as crude oil prices remain above $100 a barrel amid heightened US-Iran tensions. GIFT Nifty in
Rupee falls 14 paise to 95.87 against US dollar in early trade .Stock Market Today: Market to open lower as oil stays above $100 Indian shares are set to open lower on Thursday after oil prices climbed above $100 a barrel in the previous session, following Iranian President Masoud Pezeshkian's comments at the UN General Assembly that Tehran would not surrender to US pressure. Iran and the United States remain divided over how to end their war, although diplomacy must continue, a senior Iranian official told Reuters on Wednesday. The elevated oil prices are likely to weigh on investor sentiment and raise concerns over inflation and corporate costs. GIFT Nifty futures were at 23,270 points as of 8:02 am IST, indicating a negative start for the benchmark Nifty 50 index. .Gold, crypto prices edge higher Spot gold rose 0.35% to $4,301.89 an ounce. Bitcoin gained 0.07% to $84,288.53, while Ether climbed 0.46% to $2,683.24. .Oil prices edge lower as Iran keeps door open to diplomacy Oil prices edged lower on Thursday after rising about 4% in the previous session, as investors assessed signs that Iran remained open to diplomacy to end its war with the US, although the two sides remain far apart on the terms of a possible agreement. At 7:30 am IST, WTI crude was trading at $91.87 per barrel, down 0.32%, while Brent crude was at $102.53 per barrel, lower by 0.54%. .Stock Market Today: Japan bond yields hit 30-year high Japan's 10-year government bond yield jumped 8 basis points to 3.06%, its highest level since August 1996, after Tokyo markets reopened following a three-day holiday. The 30-year yield rose 5.5 basis points to 4.12%. The US 10-year Treasury yield held at 5.11% after touching its highest level since 2007 overnight. Rising yields reflect expectations that central banks may keep rates higher to tackle persistent inflation. .Asian shares mixed as Middle East tensions Asian equities were mixed on Thursday as investors weighed persistent Middle East tensions, higher-for-longer interest rates and the prospect of an extension to the US-China trade truce. Japan's Nikkei 225 rose 1.73%, while the MSCI Asia ex-Japan index declined 0.64%. Australia's S&P/ASX 200 fell 1.2% to a more than three-month low. Investors were also watching US-China talks, with Treasury Secretary Scott Bessent saying Washington and Beijing had reached a deal to extend their 11-month trade truce as US President Donald Trump personally greeted Chinese President Xi Jinping at Joint Base Andrews.
Topics in this story
Gathered from external sources. Rights to this text belong to whoever originally published it.