Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the FMCG sector and healthcare sector witnessing maximum buying interest. Realty stocks are trading in the red.

The BSE Sensex is trading up 12 points (up 0.1%) and the NSE Nifty is trading up 8 points (up 0.1%). The BSE Mid Cap index is trading down by 0.2%, while the BSE Small Cap index is trading down by 0.3%.

The rupee is trading at 72.49 to the US dollar.

In the news from commodity space, crude oil is witnessing selling pressure today. Losses were seen on the back of worries that rising trade tensions between the US and China could dent global crude demand.

The trade dispute has brought up concerns about the potential for slower growth in oil consumption and has offset supply concerns stemming from the upcoming US sanctions on Iran.

Note that crude oil prices are witnessing buying interest lately. This doesn’t bode well for the Indian economy, as it not only affects fuel prices but also has many other repercussions on the macroeconomic level.

Rising crude oil prices can be a big worry for the Modi government as well as it has been a big beneficiary of lower crude oil prices.

Apart from that, what does rising crude oil prices mean for stock markets?

It would be interesting to see how Iranian sanctions will influence crude oil prices. Meanwhile, we will keep you posted on all the updates from this space.

From the IT sector, Infosys share price is in focus today as the company said it has doubled its investment in US-based software firm TidalScale by putting in an additional US$ 1.5 million through the Infosys Innovation Fund.

In the news from banking sector, State Bank of India (SBI) share price is also in focus today. This comes as the bank announced that it will sell eight of its non-performing assets (NPAs) to recover dues worth over Rs 39 billion. As per the news, the bank has invited bids from asset reconstruction companies (ARCs) and financial institutions (FIs).

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