 "Stock Market LIVE, Sensex today")
Markets in the Asia-Pacific region were trading sharply lower, mirroring similar overnight moves on Wall Street, as traders weighed the inflation outlook amid high oil prices, and as bond yields advanced. Japan’s Nikkei 225 and South Korea’s Kospi fell 3 per cent and 2.6 per cent, respectively.
On Thursday, the Dow Jones Industrial Average and the S&P 500 settled 0.6 per cent and 0.58 per cent lower, respectively. The Nasdaq Composite ended 0.65 per cent lower.
The yield on the benchmark 10-year US Treasury note was trading firmly around the 5 per cent mark in the Asian trade hours. It settled at 4.95 per cent on Thursday.
Oil prices erased gains after touching almost the $110-per-barrel mark as tensions in West Asia heightened, weighing on the supply outlook. Further, Saudi Arabia told the (IPOs) will open for subscription.
The IPOs of Veegaland Developers, Maharaja & Speedex, Om Galaxy, Raksan Transformers, and Panchatv Bharat will open for subscription for the second day.
In the main board section, Rentomojo, Asset Reconstruction, Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects, and Karamtara Engineering’s IPOs will enter the final day of subscription.
In the SME segment, Infrax Renewable, Vinod Texworld, and Amtech Esters will also enter the final day of subscription.
Stock Market LIVE: US stock futures advance as oil erases gain; US CPI release in focus
On Thursday, the Dow Jones Industrial Average and the S&P 500 settled 0.6 per cent and 0.58 per cent lower, respectively. The Nasdaq Composite ended 0.65 per cent lower.
