Stock Index

Indian shares were likely to open slightly lower on Thursday, extending losses from the previous session after the central bank delivered a hawkish rate hike, while rising oil prices added to...

Asian equities broadly weakened on inflation concerns, with MSCI’s Asia Pacific index down 0.3% as Japan and South Korea fell and mainland China markets reopened after a holiday. Samsung Electronics Co. swung between gains and losses after reporting record profit that still missed estimates. In commodities, Brent crude rose 1% to around $101.20 a barrel, lifted by a report on potential US strike options against Iran and storm-related US output disruptions.

U.S. stocks fell on Tuesday, with the Dow Jones Industrial Average down 503 points, the S&P 500 off 0.6% and the Nasdaq Composite lower by 0.7%. The 10-year Treasury yield rose more than 8 basis points to around 5.356%, the highest level since April 2002. Financial shares led declines, with Goldman Sachs down nearly 3% and Citigroup off more than 2%, while Bank of America, Wells Fargo and JPMorgan each fell more than 1%. Higher oil prices and inflation worries also weighed on sentiment.

U.S. Treasury yields and oil prices rebounded, prompting investors to turn more cautious as the S&P 500 and Nasdaq slipped from record highs. Brent crude climbed back above the psychologically important $100 a barrel mark. The Dow fell more than 470 points, while eight of the S&P 500’s 11 sectors traded lower led by materials and industrials. Energy and healthcare edged higher.

U.S. stock futures moved lower in premarket trading, with Nasdaq futures down 0.67%, S&P 500 futures off 0.32% and Dow futures lower by 0.56%. Brent crude rose above $100 a barrel after Iran renewed attacks on vessels in the Strait of Hormuz, offsetting signs of improving supply. U.K. gilt yields climbed 7 basis points to 5.44% as markets awaited the release of the Federal Reserve’s meeting minutes.

Eternal, the parent entity of Zomato, has moved ahead of Tata Consultancy Services (TCS) in the Nifty 50’s latest weight adjustment, with its weight rising to around 2.29% versus roughly 2.08% for TCS. The change comes even as TCS’s market capitalisation of around ₹7.5 lakh crore remains far above Eternal’s roughly ₹3.1 lakh crore, as Tata Sons’ close to 72% stake reduces TCS’s free float used in index calculations. Analysts also pointed to diverging market narratives, with TCS’s valuation reflecting expectations of muted growth while Eternal trades at more than 650 times trailing earnings on optimism around Blinkit’s expansion.

India’s Nifty index rose for a second straight session on Tuesday, adding 220 points to close at 22,776.10, as investors stayed optimistic ahead of the Reserve Bank of India’s monetary policy decision scheduled for Wednesday. In the U.S., the Dow Jones ended up 250 points and the S&P 500 crossed 7,800 for the first time. Brent crude moved back above $101, and Nifty futures pointed to a lower open.

U.S. stocks finished higher on Tuesday, with the S&P 500 and Nasdaq ending at record closing highs as oil prices steadied and Treasury yields eased. The calmer rate backdrop helped shift attention toward the third-quarter earnings season set to begin next week. Commerce Department data showed the trade deficit widened 13.7% as imports rose to a record, underscoring strong domestic demand but adding to inflation pressure. Expectations for a second consecutive Federal Reserve rate hike at this month’s policy meeting also cooled.

U.S. stocks climbed on Tuesday, with the S&P 500 up 0.5% and positioned to finish above its August record. The Dow Jones Industrial Average gained 185 points and the Nasdaq composite rose 0.6% after setting a fresh all-time high a day earlier. Brent crude fell 2.3% to $97.97 a barrel, down from nearly $110 a few weeks ago, easing some inflation concerns.

U.S. stock futures were higher in premarket trading on Tuesday, with Nasdaq futures up 0.30%, S&P 500 futures up 0.25% and Dow futures up 0.52%. Brent crude fell more than 2% to $98 a barrel after the G7 agreed to release 100 million barrels from emergency reserves, while increased Middle East exports also eased supply worries. Nvidia, Microsoft and Meta traded higher ahead of the open.