See the full story in the original article.
Read the original on moneycontrol.com ↗
Related news
- Crude oil above $100 , US election uncertainty : Will global factors keep Sensex , Nifty 50 under pressure ? Experts decode
Indian stock markets face a challenging global backdrop as crude oil trades above $100 per barrel and uncertainty builds ahead of the 3 November US midterm elections. The Sensex and Nifty 50 have recovered in October, with the Sensex up 770 to 1,200 points to around 73,250–73,700 and the Nifty 50 up about 50 to 190 points to 22,670–22,810, though sustained FII selling and rising global bond yields have capped gains. JM Financial says the elections could be a decisive catalyst for breaking the US-Iran deadlock and could moderate Brent towards $80 per barrel over the medium term if Strait of Hormuz flows normalise, though prices may stay supported over the next 12 months. SMC Global's Seema Srivastava warns that expensive crude could widen India's current account deficit, weaken the rupee, add to inflation, limit RBI rate cuts and squeeze margins in sectors such as paints, aviation and autos. She expects pressure to persist until oil prices ease and geopolitical uncertainty subsides.
- Sensex plunges over 400 points, Nifty slips below 22,700 amid rising crude prices, geopolitical tensions
- Sensex Crashes Over 525 Points In Early Trade , Nifty Falls Below 22 , 600 As Rising Crude Oil Prices And US Bond Yields Rattle Investors
Indian stock markets opened sharply lower on Thursday as rising crude oil prices, elevated US bond yields and profit booking weighed on sentiment. The BSE Sensex fell 525.50 points, or 0.71%, to 73,184.19 in early trade, while the NSE Nifty 50 dropped 216.85 points, or 0.95%, to 22,594.50, below the 22,600 level. Brent crude rose 1.55% to USD 110.51 per barrel and US crude gained 1.23% to USD 98.34, raising concerns over inflation, corporate earnings and foreign investment flows. Nifty Metal fell 1.82% and Nifty Auto 1.76%, while Tech Mahindra, Infosys and Eternal held up better. Analyst Shrikant Chouhan of Kotak Neo flagged 22,750 as a key technical level, with a sustained break below it potentially pushing the Nifty toward 22,650–22,500.
- DalalStreet extends recovery ; Sensex ends over 400 pts , Nifty above 23 , 100 ; IT lead gains
Indian markets extended their recovery for a second straight session, with the Sensex closing at 74,729.27 (up 413.66 points, or 0.56%) and the Nifty at 23,146.15 (up 148.80 points, or 0.65%). IT stocks led the rally, with the Nifty IT index up 3.92% following strong quarterly results, while most other sectors ended lower and midcap and smallcap indices were broadly flat. Ajit Mishra of Religare Broking said metal and auto stocks supported sentiment while weakness in FMCG, realty and energy capped gains; the rupee firmed, but Brent crude near USD 105 a barrel, persistent inflation concerns and US bond yields kept investors cautious. Markets are now looking ahead to quarterly earnings from major banks. Analyst Vipin Dixena pointed to the divergence between strong IT stocks and cautious sentiment elsewhere, and said the next phase will depend on whether corporate earnings can justify valuations.
- Taking Stock : Nifty above 23 , 100 , Sensex rises 414 pts , led by IT , auto , metal stocks
- Dalal Street Week Ahead: Jio IPO, Q2 earnings, China GDP, oil prices, PMI flash numbers among 10 key factors to watch
Related markets
Latest news
- Musk's wants to merge SpaceX and Tesla: Here's what to know
Musk said SpaceX and Tesla have formed special committees to study a merger, which would be worth about $3.5 trillion combined and would be the largest corporate deal in history. SpaceX, valued at about $2 trillion after a record listing this year, absorbed Musk's AI startup xAI in February, while Tesla is valued at about $1.5 trillion. Musk holds about 82 percent of SpaceX's voting power but only about 20 percent at Tesla. Dan Ives puts the odds of a deal at 90 percent by early 2027, though Musk called the requirement of a majority of all Tesla shares 'quite a high hurdle'. Loyal retail investors hold an estimated 25 to 27 percent of Tesla shares, and legal obstacles appear slight because both companies moved their incorporation to Texas from Delaware.
- CoreWeave and Nebius Stocks Are Crashing. Time to Buy the Dip?
Shares of Nebius and CoreWeave each fell 25% in the week of October 12 to 16. The sell-off stems from the yield on CoreWeave's debt in the secondary market surging to 15%, versus roughly 5% on Treasuries, which pushes the debt into 'distressed' territory and signals doubts about its ability to meet obligations. Nebius sold off in sympathy as a fellow neocloud company. The bigger concern is that both companies must keep issuing debt to fund data centers, and if yields are high at issuance, the assumption of nearly unlimited cheap capital could be challenged. The author says it is unclear whether now is the time to buy.
- Disney’s multiplatform Super Bowl plan frustrates ABC affiliates
ABC station owners are irritated that Disney is airing the Super Bowl across several platforms, including Disney+, ESPN2, NFL Network and ESPNU, even though the game is already on ABC and ESPN. A station group CEO estimates that the combined platforms could cut broadcast ad revenue by up to 35% compared with last year. Local affiliates typically earn about 3% of annual ad revenue from the Super Bowl and pay network owners reverse retransmission fees, but Disney+ lacks geofenced ad insertion, so affiliates cannot sell ads to streaming viewers. Disney says national commercials will be identical on all platforms and that streaming major live events is standard industry practice. Super Bowl LX drew 125.6 million viewers in February.
- Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
Meta says Mark Zuckerberg will remain in California for eight years and has created a new stock plan that could help cover his taxes if Proposition 40, a 5% tax on Californians worth over $1 billion, passes on Election Day on Nov. 3. According to a filing released with its third-quarter earnings, Meta will issue non-voting Class C shares starting in January, and Zuckerberg can sell or transfer up to 20% of the shares granted to him without affecting his majority voting control. The filing says Zuckerberg’s leadership is crucial to the company’s growth and its AI ambitions, including Meta Superintelligence Labs. Most of the tech industry opposes the measure, while a recent Citrin-Politico poll found 46% in favor and 43% against, suggesting it may fall short of the majority support it needs.
- Nasdaq sell-off: A momentum unwind 'for the record books'
Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, calls Thursday’s sell-off in the Nasdaq Composite (^IXIC) a momentum unwind “for the record books.” He says the market spent the first half of 2026 driven by a beta and momentum trade led by semiconductors, but in the third quarter, as rates rose, money shifted into quality stocks. He does not think the sell-off is justified by fundamentals, arguing that institutional portfolio managers swapping out of factor positions can drag down whole baskets of stocks. In semiconductors, spot rental rates for Nvidia Blackwell chips are higher than a month ago, showing tightening compute supply, even as financing costs rise and investors worry about neocloud business models and the rising cost of insuring their bonds.
- Dune launches real-time data feeds covering 200 onchain trading venues
Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring this data into the systems of traditional financial institutions. The feeds draw trade data from 12 blockchains, including Ethereum, Solana and Base, about one second after execution, covering both spot trading on decentralized exchanges and perpetual futures on Hyperliquid and Lighter. Early clients include quant funds, market makers, asset managers and bank trading desks, which use the data to assess liquidity and compare prices, though Dune did not name them. Meanwhile, the tokenized stock market has grown sharply, with distributed value reaching $3.58 billion, but 16 companies, including Microsoft, Alphabet and Goldman Sachs, have objected to their shares being traded on OKXICE’s proposed platform, and liquidity remains fragmented.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.