Sensex Today | Share Market Updates: FIIs on Monday sold stocks of Indian companies resulting in a net outflow of ₹549.37 crore, according to NSE data. DIIs bought equities resulting in an inflow of ₹595.70 crore, the exchange data showed.
Oil held a modest advance after Saudi Arabia and Russia’s announcements that they would prolong supply cuts through the end of the year was balanced by a worsening demand outlook.
The yield on the 10-year Treasury rose to 4.64%. That’s up from 4.57% late Friday, but it’s still below the perch above 5% that it reached last month, its highest level since 2007.
Sensex Today: Wall Street drifts to a mixed and quiet finish on Monday following last week’s big swings
U.S. stocks drifted to a mixed finish Monday as Wall Street’s wild recent moves calmed a bit.
The S&P 500 added 7.64 points, or 0.2%, to 4,365.98, even though the majority of stocks within it and across Wall Street weakened. The index was coming off its best week of the year, which itself came on the heels of several months of sharp losses.
The Dow Jones Industrial Average rose 34.54, or 0.1%, to 34,095.86, and the Nasdaq composite gained 40.50, or 0.3%, to 13,518.78.
The flashpoint for the stock market’s movements in both directions has been what the bond market is doing, and it regressed Monday following its own extreme moves.
The yield on the 10-year Treasury rose to 4.64%. That’s up from 4.57% late Friday, but it’s still below the perch above 5% that it reached last month, its highest level since 2007. High yields hurt prices for stocks and other investments, while slowing the economy and raising the pressure on the financial system. (AP)
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Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.