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.
Stocks in Mumbai rebounded and crude oil prices eased from Monday's high. Investors shifted focus to corporate earnings and overlooked global interest rate uncertainties.
Stocks in Mumbai declined after geopolitical tensions flared up in the Middle East. Investors looked ahead to earnings season to kick start this week.
The Reserve Bank of India left its policy rates, economic growth estimate and inflation projection unrevised. Crude oil prices extended weeklong losses on global demand growth worries.
Stocks in Mumbai rebounded after yields on global bonds edged lower and crude oil prices dropped 5% on demand growth worries.
Market indexes in India and Asia fell sharply tracking losses on Wall Street after a stronger-than-expected jobs report lifted U.S. Treasury yields to 16-year highs. The U.S. dollar index hovered at a 10-month high.
Rising global bond yields and the advance in the U.S. dollar dragged down market indexes in Mumbai and in Asia. Hero Motocorp and Bajaj reported weak September vehicle sales.