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Market Turmoil: FIIs Selling, Oil Surge, and Bond Yields - What's Today's Strategy?
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CNBC Awaaz•28-09-2026, 08:38
Market Turmoil: FIIs Selling, Oil Surge, and Bond Yields - What's Today's Strategy?
- •Nifty faces 'SELL ON RALLY' texture; a four-day rally was wiped out, and Nifty Bank looks weak amid FII selling, surging oil, and bond yields.
- •US-Iran tensions escalate with Iran prepared for a "Doomsday War" but keeping diplomatic paths open; Trump rejected reopening the Strait for Iran.
- •Crude oil prices may cool as Saudi exports return to normal levels, reaching 6.04 million BPD in September, 80% higher than August.
- •Maharashtra drought impacts 75% of the state, potentially driving up food grain prices and leading to an 8% price hike for ACs/TVs.
- •RBI policy on October 5-7 likely to see interest rate hikes due to global and local macro signals, impacting rate-sensitive stocks like auto, real estate, and NBFCs.
Key Questions Answered
75% of Maharashtra has been declared drought-affected, with 265 out of 358 tehsils impacted. Due to this, a sharp rise in food grain prices is expected, specifically for sugar, pulses, cotton, soybeans, and maize.
Companies manufacturing air conditioners and televisions will increase their product prices by up to 8% starting from October 1.
According to Kpler, Saudi crude exports returned to normal levels in September, reaching 6.04 million BPD, which is 80% higher than the 3.41 million BPD recorded in August.
