Commodities
Indian Stocks Rise Despite Weak Asian Cues
The Indian stock market is expected to open on a positive note today, despite weak cues from Asian markets and flat US futures. The GIFT Nifty is up 47 points or 0.19%, indicating a potential rebound. However, the cues for the Indian market are negative this morning, with Asian markets trading lower and US Futures flat.
Crude oil prices continue to trade above $90, which could have a bearing on the market's performance today. The Nifty 50 closed Friday's session 0.08% higher at 24,252, while the BSE Sensex closed flat at 77,541.
The US Treasury yields rebounded, leading to losses on Wall Street. However, US Secretary of the Treasury Scott Bessent intervened in the government bond market, aiming to ease pressure at the long end of the curve.