CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Indian stock markets to see red ahead as Asia under pressure

By Vinu Lal

03:00, 5 October 2021

representative image
photo: Shutterstock

Indian stocks indices could even see a gap-down start on Tuesday as SGX Nifty futures tanked on early trades losing over 0.70% riding on overall Asian sentiments.

Across the region, stocks have fallen on Tuesday morning trades as a spike in oil prices fuelled inflation concerns and monetary policies.

At Wall Street, technology stocks led the decline with inflationary concerns weighing down on all stock market indices. Dow fell 0.9%, S&P 500 1.3% and Nasdaq 1.2%

US oil prices benchmark West Texas Intermediate jumped 3% to $78 a barrel for the first time since 2014 hit a seven-year high while Brent crude, the international index, rose to $82 a barrel, a first in the past three years.

Key things to note before trade

Invesco, a minority shareholder in Zee Entertainment Enterprises urged the local tribunal to pass an order to convene an extraordinary general meeting.

AUD/USD_zero

0.66 Price
+0.130% 1D Chg, %
Long position overnight fee -0.0072%
Short position overnight fee -0.0011%
Overnight fee time 22:00 (UTC)
Spread 0.00030

GBP/USD

1.27 Price
+0.080% 1D Chg, %
Long position overnight fee -0.0047%
Short position overnight fee -0.0035%
Overnight fee time 22:00 (UTC)
Spread 0.00070

USD/JPY

150.57 Price
+0.010% 1D Chg, %
Long position overnight fee 0.0114%
Short position overnight fee -0.0197%
Overnight fee time 22:00 (UTC)
Spread 0.090

EUR/USD

1.08 Price
-0.010% 1D Chg, %
Long position overnight fee -0.0080%
Short position overnight fee -0.0002%
Overnight fee time 22:00 (UTC)
Spread 0.00070

Bank stocks in focus as Reserve Bank of India on Monday gave licence to create an INR60bn ‘bad bank’ or the National Asset Reconstruction Company (NARCL) that will aggregate all bad loans of banks and India Debt Resolution Co (IDRCL) that will sell these loans over a period of time

JSW Energy signed a contract with Senvion India for procuring wind turbines for 591-megawatt projects

Macrotech Developers sold INR11bn ($147.5mn) worth property projects in London last month

Read More: Market close: Bond yields surge, benchmark indices down

Related topics

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 580.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading