News

A positive start for benchmark indices

Helped by gains in Asian markets, a record close for the Nasdaq and softer crude oil prices, Indian benchmark indices opened on a positive note on Tuesday. However, elevated bond yields, persistent FII selling and ongoing geopolitical risks may keep investors cautious.

At 9:20 AM on October 6, the Sensex was up 128 points at 72,528, while the Nifty gained 0.20% to 22,597.

Rupee Check

The Indian rupee opened flat at 96.31 per dollar on Tuesday.

Global Update

Asian equities advanced on Tuesday, tracking the technology-led rally on Wall Street and softer crude oil prices. MSCI's broad Asia-Pacific index outside Japan gained 0.2%, while Japan's Nikkei rose 0.7%. European equity futures were also higher. 

Wall Street ended higher on Monday, driven by gains in technology stocks. The Nasdaq Composite rose 1.05% to a record closing high of 27,477.31, while the S&P 500 gained 0.66% to 7,773.95. The Dow Jones Industrial Average advanced 0.18% to 51,267.90.