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Global Market Cues: Downturn Expected in Indian Stock Market Today Amid Bearish Foreign Signals.
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CNBC Awaaz•24-09-2026, 07:19
Global Market Cues: Downturn Expected in Indian Stock Market Today Amid Bearish Foreign Signals.
- •Global market signals for the Indian stock market on Thursday are bearish.
- •Major US stock market indices closed lower on Wednesday amid a sharp jump in bond yields.
- •Strong US economic data and the Federal Reserve's cautious stance on inflation have increased the likelihood of another interest rate hike.
- •Crude oil prices rose by about 4% amid geopolitical tensions related to Iran, with Brent crude again crossing $103 per barrel.
- •Gift Nifty is showing a decline of more than 150 points, indicating potential pressure on the domestic market.
Key Questions Answered
Bearish global market cues, a sharp jump in US bond yields, rising crude oil prices, and weak indicators from overseas markets are expected to put pressure on domestic indices.
Major US stock indices closed lower, with the Dow Jones falling about 0.7%, the S&P 500 dropping 0.8%, and the Nasdaq declining 1.1%. This selling was primarily driven by a surge in US Treasury yields, where the 10-year yield reached its highest level since July 2007 at 5.135%, fueled by strong economic data that raised rate-hike concerns.
Crude oil prices surged by about 4%, with Brent crude crossing $103 per barrel, driven by escalating geopolitical tensions and firm stances concerning the Strait of Hormuz following speeches at the United Nations General Assembly.
