Indices log biggest 1-day fall in 9 mths; Sensex sinks 1,939 pts, holds 49K
In the intra-day trade, the benchmark S&P BSE Sensex tumbled 2,149 points while the Nifty50 index slumped 629 points
8:24 AM
Oil prices fall on rising US dollar, expectations for supply gains
> Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to come back to the market.
> U.S. West Texas Intermediate (WTI) crude futures dropped 36 cents, or 0.6%, to $63.17 a barrel, giving up all of Thursday's gains. Brent crude futures for April fell 18 cents, or 0.3%, to $66.70 a barrel, following a 16 cent loss on Thursday.
(Source: Reuters)
> U.S. West Texas Intermediate (WTI) crude futures dropped 36 cents, or 0.6%, to $63.17 a barrel, giving up all of Thursday's gains. Brent crude futures for April fell 18 cents, or 0.3%, to $66.70 a barrel, following a 16 cent loss on Thursday.
(Source: Reuters)
8:22 AM
SGX Nifty futures signal gap-down start
Nifty futures on Singapore Exchange traded 275 points or 1.81% lower at 14,905
8:19 AM
Asian stocks at 1-month low
Asian stocks skidded to one-month lows on Friday as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets. MSCI’s broadest index of Asia-Pacific shares outside Japan slid 2.4% to a one-month low, while Japan’s Nikkei shed 2.5%. Chinese blue chips joined the retreat with a drop of 2.5%.
8:18 AM
Wall Street tumbles
In the overnight session, Wall Street’s main indices tumbled with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in US bond yields. The Dow and the S&P 500 notched their biggest daily decline since late January. The Dow Jones Industrial Average closed 1.75% lower, the S&P 500 lost 2.45% and the Nasdaq Composite dropped 3.52%.
8:14 AM
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Topics : MARKET WRAP Markets SGX Nifty Sensex Nifty50 US Treasury Wall Street BSE NSE Dalal Street S&P 500 stock market
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First Published: Feb 26 2021 | 7:51 AM IST