Indian Stock Market Faces Muted Opening Amid Elevated Crude Oil Prices

The Indian stock market is expected to experience a muted opening on September 29 due to elevated crude oil prices and rising US Treasury yields. According to the Gift Nifty, which is trading flat or 2 points lower at 22,820.5 in early trade, this could indicate a weak start for Indian equities.

The Brent crude price hovered around $106 per barrel, while the US 10-year Treasury yield remained elevated at multi-year highs of 5.24%. These factors are weighing on market sentiment and contributing to the expected muted opening.

Major Asian markets also opened lower on Tuesday, with Japan's Nikkei 225 declining 0.4% and South Korea's Kospi falling 0.5%. However, Australia's S&P/ASX 200 opened 0.2% higher.