Indian benchmark equity indices were mixed at open on Tuesday
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Indian benchmark equity indices were mixed at pre-open on Tuesday, tracking weakness in other Asian markets, while mainland China markets surged after returning from a week-long holiday.
At pre-open, the BSE Sensex was down 223 points, or 0.28 per cent, at 80,826, and the Nifty 50 was at 24,832, up 36 points, or 0.15 per cent.
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Global Cues
Global stocks also began Tuesday on a cautious note while oil prices stayed elevated as the escalating conflict in the Middle East sapped risk appetite ahead of China’s highly anticipated reopening after a long holiday.
The benchmark 10-year US Treasury yield held above 4 per cent in early Asia trade, as a robust US labour market prompted traders to heavily scale back their expectations for Federal Reserve rate cuts.
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Hezbollah on Monday fired rockets at Israel’s third-largest city, Haifa, and Israel looked poised to expand its offensive into Lebanon, one year after the devastating Hamas attack on Israel that sparked the Gaza war.
Heightened fears of a widespread conflict and disruptions to supply sent Brent crude futures surging above $80 a barrel for the first time in over a month in the previous session.
