Nifty, Sensex set to open Lower amid Sell off in Global Markets — Benchmark indices BSE Sensex and NSE’s Nifty 50 are set to open lower on Thursday in line with global markets. Asian share markets sank in a sea of red after US stocks suffered its worst drubbing in eight months.
The S&P BSE Sensex fell 0.3 percent or 125 points to 35,044 and the NSE Nifty 50 Index declined 0.74 percent or 78 points to 10,520.
In global markets, Asian shares struggled after benchmark U.S. Treasury yields surged to a seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises. The surge in Treasury yields has also prompted a rise in government bond yields across the globe.
Crude Oil prices fell from four-year highs reached the previous session, pressured by rising US inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. Brent crude oil futures were trading at $85.85 per barrel, down 44 cents, or 0.5%, from their last close. Brent on Wednesday hit a four-year high of $86.74 a barrel. US WTI crude futures were down 30 cents, or 0.4%, at $76.11 a barrel.
Indian equity benchmarks declined after the rupee breached 73 per dollar mark for the first time.
The S&P BSE Sensex fell 0.5 percent or 198 points to 36,628 and the NSE Nifty 50 Index declined 0.6 percent or 71 points to 10,937.
Focus Stocks: HFC Bank, ICICI Bank, IDBI Bank to be in focus
■ Asian markets opened mixed as investors weighed continuing trade tensions between the US and China. Over the weekend US stock indices closed mostly higher on gains in energy stocks.
Nifty 10,500 Call Most Active On NSE Nifty 10,500 strike price call option was among the most active options contracts on the National Stock Exchange. The premium on the contract rose 16 percent to Rs 93.70. Over 4.6 lakh shares were added to open interest of 4.25 million shares.
Don’t Trap Bank Nifty, No Buying At All – Target 24200—23800—23400 Very Very Soon – Neal Bhai Reports – INDIA