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Market Pulse: Key Triggers to Watch Before the October 8 Trading Session
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CNBC TV18•07-10-2026, 21:03
Market Pulse: Key Triggers to Watch Before the October 8 Trading Session
- •US stocks declined sharply as rising oil prices pushed Treasury yields to their highest levels in over two decades, with the Dow falling 503 points.
- •The benchmark 10-year Treasury note yield climbed to 5.356%, reaching levels not seen since April 2002.
- •Crude oil prices hovered near $102 a barrel for Brent amid escalating tensions and reports of attacks on vessels in the Strait of Hormuz.
- •Tata Consultancy Services is set to announce its September quarter results, with analysts expecting modest sequential growth.
- •The 57th GST Council meeting will discuss major policy reforms, including potential changes to dispute resolution, compliance, and arrest powers.
Key Questions Answered
According to the CNBC-TV18 poll, TCS was expected to report modest sequential growth for the September quarter, with dollar revenue estimated at $7.657 billion and rupee revenue projected to rise to ₹73,225 crore.
The 57th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, was set to discuss changes in registration, returns, and refunds mechanisms, alongside policy reforms to resolve GST disputes and improve input tax credit flows.
US stocks tanked as higher oil prices pushed benchmark 10-year Treasury note yields up more than 8 basis points to 5.356%, reaching their highest level since April 2002, while 30-year bond yields climbed to 5.725%.
