A Rebound In Store?
Indian equities fell the most in two months on Monday, ending lower for the fifth straight session as a rise in active Covid-19 cases across the country dented sentiment.
The India Volatility Index also rose the most in two months, ending 14.5% higher at 25.47 – the highest level since July last year.
Futures are indicating a positive start to today’s trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.46% to 14,742 as of 7:55 a.m.
Asian equities are steady after opening lower. Stocks in Hong Kong and Australia are seeing modest gains while those in South Korea are underperforming. Japanese markets are shut for trade today due to a holiday.
Futures on the Dow Jones are trading 65 points higher. The index ended flat overnight.
The Bloomberg Commodity Spot Index rose to the highest level since March 2013. Goldman Sachs said that oil prices can top $70 per barrel in the coming months. West Texas Intermediate crude rose 1.4% to $62.53 per barrel while Brent consolidated above the $65 per barrel mark.
Yield on the 10-year treasuries rose to 1.37% on Monday.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.