News

Benchmarks rebound in early trade

Indian benchmark indices opened higher on Tuesday. Softer crude oil prices and gains on Wall Street supported sentiment, although weakness across Asian markets, persistent foreign institutional selling and geopolitical uncertainty could limit the upside. Investors will also monitor upcoming US earnings and inflation data for fresh global cues.

At 9:20 AM on October 13, the Sensex was up 250 points at 72,181, while the Nifty gained 0.35% to 22,439.

Rupee Check

The rupee opened 62 paise higher at 95.16 per dollar, compared with Monday's close of 95.78.

Global Update

Asian markets traded lower on Tuesday as technology stocks came under pressure amid geopolitical concerns and elevated crude oil prices. MSCI's broad Asia-Pacific index outside Japan fell over 2%, while South Korea's Kospi plunged 6%. Japan's Nikkei declined 2.6%.

Wall Street ended mixed overnight. The Dow Jones Industrial Average rose 0.38% to 51,850.55, while the S&P 500 slipped 0.06% to 7,807.24 and the Nasdaq Composite declined 0.44% to 27,245.90.