News

Market report- Flat start for Sensex, Nifty

Renewed pressure in global bond markets and crude oil prices near one-month high temper sentiment, even as Asian equities traded mixed and US stock futures edged higher. At 9:20 AM on August 21, the Nifty was down ~0.08% at 24,213, while the Sensex declined ~0.09% to trade at 77,470.

Rupee Check
The rupee opened marginally higher at 95.66 per dollar, compared with Thursday’s close of 95.71

Global Update
Asian markets were mixed with several major indices heading towards weekly losses as investors grappled with elevated global yields. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5%, while South Korean and Taiwanese equities edged higher. Japan's Nikkei fell 0.8% and was on course for a weekly decline of more than 4%.
The Dow Jones Industrial Average dropped 703.84 points, or 1.32%, to 52,759.21, while the S&P 500 declined 0.87% to 7,641.16 and the Nasdaq Composite fell 1% to 26,067.17. Walmart’s disappointing results also hurt sentiment, while higher crude oil prices revived concerns over inflation.