Stock Market Today (October 26) (File Image-source – ET)
\n\nBoth the Nifty and the Sensex began the trading day and week on a weak note. The Nifty declined over 130 points and opened at 22,524.40 and the Sensex declined over 500 points and opened at 72,990.04. All sectoral indices traded lower in early trade, with small cap and midcaps continuing to face pressure. The Indian rupee opened at 94.93 to the dollar versus Friday's close of 94.94 to the dollar. Crude oil prices eased marginally after hitting six-month highs, Brent crude prices had crossed 117 dollars per barrel; however currently prices remain above 114 dollars per barrel (at the time of filing this copy).
\n\nG. Chokkalingam Head of Research at Equinomics Research told Times Now Digital, "rising inflation and lack of adequate liquidity remain a cause of some concern for the secondary markets. India's crude oil import bill surged 47 percent to 15.4 billion dollars as the Indian basket of crude oil spiked 67 percent year-on-year in September. The 10-year benchmark bond yield G-Sec hit a three-and-a-half year high; the RBI’s Monetary Policy Committee (MPC) signalled that rate cuts are off the table in the near-term. Minutes of RBI's October…
Original source: https://www.timesnownews.com/business-economy
