Market is expected to open on a flattish note and likely to witness sideways move during the day - Nirmal Bang Ltd
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Market Review
US: The US stock market indices ended higher on Wednesday as traders trimmed bets on higher interest rates, while Treasury yields eased off of 16-year highs.
Asia: Shares rose in Asia after stocks rallied on Wall Street, bringing some relief to financial markets after losses.
India: India's benchmark stock indices closed lower for the second straight day on Wednesday as most sectors declined, with banks, realty, media, pharma, and auto leading the declines. Market is expected to open on a flattish note and likely to witness sideways move during the day
Global Economy: British services companies suffered a less severe downturn in September than first feared, reflecting a surprise fall in inflation and the Bank of England's decision to leave interest rates on hold. The final reading of S&P Global UK Services PMI fell in September to 49.3 from 49.5 in August, falling further below the 50 threshold for growth
Sales of homes worth $10 million or more in Dubai hit about $1.6 billion in the third quarter, according to an industry report published on Wednesday, up from $1.13 billion in the same period a year ago. The total value of sales stood at almost $5 billion between January and September this. Dubai is racing to attract people and capital to drive long-term growth as part of an economic model focused on property investment, tourism and inflows of foreign capital.
Commodities: Gold prices edged up on Thursday, getting a reprieve after declining in the previous eight consecutive sessions, as U.S. bond yields and the dollar stepped back from highs ahead of a keenly awaited non-farm payrolls report this week.
Oil prices inched up in early trade on Thursday, clawing back some of the previous session's big losses after an OPEC+ panel maintained oil output cuts to keep supply tight amid concern about a looming slump in global economic growth.
Currency: The yen got some much needed relief as the dollar and U.S. Treasury yields both steadied slightly lower on Thursday after mixed U.S. economic data overnight had markets lowering the odds of the Federal Reserve's raising interest rates again this year.
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Markets are expected to open on a flattish note and likely to remain sideways move during th...
