Both the Nifty and the Sensex began the trading day and week on a flat note. The Nifty opened at 23,150.85 and the Sensex opened at 74,849.30. Most sectoral indices traded mixed in early trade. The Indian rupee opened at 94.88 to the dollar versus Friday's close of 94.96 to the dollar. Brent Crude traded near 108 dollars per barrel (at the time of filing this copy) as investors eyed Russia and Ukraine keeping up the attacks on energy infrastructure and two tankers were attacked off the coast of Saudi Arabia in the Persian Gulf on Friday as per reports.
\n\nG. Chokkalingam Head of Research at Equinomics Research told Times Now Digital, "rising inflation and lack of adequate liquidity remain a cause of concern for the secondary markets. FPI inflows into the primary market continue to rise by 35 percent on an yearly basis to 4.75 billion dollars in H1FY27. This weighs heavily on secondary markets as FPIs
\n\npulled out Rs 1.64 lakh crore from secondary markets during H1FY27. FPI selling continued into October, with another Rs 35,556 crore withdrawn in the first six trading sessions through October 8; elevated oil prices and continued boom in the IPOs and therefore…
Original source: https://www.timesnownews.com/business-economy
