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Global Cues: Crude, Foreign Markets, and Trump-Xi Meeting to Impact Indian Markets Today
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CNBC Awaaz•23-09-2026, 07:14
Global Cues: Crude, Foreign Markets, and Trump-Xi Meeting to Impact Indian Markets Today
- •GIFT Nifty indicates a decline, suggesting potential early pressure on Indian markets.
- •Mixed trading in US markets: Nasdaq hit a new record, while Dow Jones fell.
- •US considering a ban on diesel exports, which could impact global refined-fuel supply.
- •Trump hinted at a major decision on Iran at the UN; US-Iran meeting described as 'very good'.
- •Saudi Arabia's East-West pipeline reopened, putting pressure on crude oil prices.
Key Questions Answered
President Donald Trump and Treasury Secretary Scott Bessent are investigating a potential diesel export ban due to record-high diesel prices exceeding $6 per gallon in the US and Europe, aiming to keep domestic supplies within the country.
Saudi Arabia reopened its East-West pipeline following a prior shutdown caused by a drone attack. The pipeline is currently operating at reduced capacity as crude exports from Yanbu Port prepare to resume.
The US markets experienced mixed trading on Tuesday, with the Dow Jones falling by about 192 points due to weakness in financial stocks, while the Nasdaq Composite and Nasdaq 100 both rose to new record highs and the S&P 500 remained nearly flat.
