Benchmark indexes in Mumbai traded down following a 3% decline in October. Net sales by foreign investors picked up in October to the fastest pace since January.
Stocks in Mumbai struggled to advance, and investors await monthly vehicle sales and a slew of earnings releases this week. Reliance Industries reported strong quarterly earnings gains in its retail and communication businesses.
Investors shifted their attention to domestic corporate earnings releases and overlooked elevated tensions in the Middle East and rising global bond yields.
Rising global bond yields, a tech selloff on Wall Street, and ongoing Middle East tensions sparked a sharp market decline in India and Asia.
Benchmark indexes turned lower in Mumbai trading as investors reviewed the latest batch of earnings, but elevated global bond yields and crude oil prices dented market sentiment.
Asian markets rebounded, but worries of another hike in U.S. interest rates, wider conflict in the Middle East, and the deepening housing market crisis in China dominated market sentiment.
Stocks in Mumbai faced headwinds amid growing international worries and rising crude oil prices. Domestically, banks reported a surge in quarterly profit on the sustained demand for loans and a wider net interest margin.
Market indexes faced headwinds, and crude oil prices advanced for the second week in a row on the prospect of a wider conflict in the Middle East. The RBI said the rate hikes in the last fifteen months are still working through the financial system.
Stocks in Mumbai faced headwinds after crude oil prices rebounded near the 2023-highs and worries of a U.S. rate hike at the next policy meeting in less than two weeks.
Stocks lacked direction in Mumbai trading after crude oil prices surged in international trading amid the prospect of Israel-Hamas war widening in the Middle East.
Stocks in Mumbai advanced and investors reacted to corporate earnings releases and Indian government bond yields and the Indian rupee held firm despite the elevated crude oil prices.
Stocks lacked direction in early trading on weak markets in Asia and rising tensions in the Middle East. Crude oil prices traded near recent highs on the worries of widening conflict involving oil producing nations.
Stocks in Mumbai advanced and investors reacted to corporate earnings releases and Indian government bond yields and the Indian rupee held firm despite the elevated crude oil prices.
Benchmark indexes in Mumbai traded sideways and investors reacted to the latest corporate earnings news. Rising geopolitical tensions in the Middle East added to a growing list of global worries ranging from interest rate uncertainties to looming economic slowdown.
Investors bid up stocks for the second day this week and investors looked ahead to a busy earnings season. The yield on Indian government bonds and the Indian rupee held firm despite the rate uncertainties in the U.S. and the Euro Area.