Stock Market Update: Greenery in the stock market, Sensex up 140 points and Nifty crossed 24,830
Stock Market Update: Tuesday’s pre-open of the Indian benchmark stock indexes showed mixed results, mirroring the declines in other Asian markets, while mainland China’s markets rose after their return from a week-long holiday.
The BSE Sensex was down 223 points, or 0.28 percent, at 80,826 at pre-open, while the Nifty 50 was up 36 points, or 0.15 percent, at 24,832.
Worldwide Cues
Amid the growing volatility in the Middle East, which reduced risk appetite ahead of China’s much-awaited reopening after an extended vacation, global equities likewise started Tuesday on a cautious note. At the same time, oil prices continued to rise.
Early in Asia trading, the benchmark 10-year US Treasury yield remained over 4% as traders significantly reduced their expectations of a rate decrease by the Federal Reserve due to a strong US labor market.
Monday saw Hezbollah launch missiles toward Haifa, the third-largest city in Israel, and, a year after the catastrophic Hamas assault on Israel that precipitated the Gaza War, Israel seemed ready to extend its onslaught into Lebanon.
In the previous session, Brent oil futures broke over $80 a barrel for the first time in more than a month due to increased concerns of a wider conflict and supply disruptions.
