Indian stock markets on Friday opened flat amid rising uncertainty in the peace talks between the United States and Iran.
The BSE Sensex witnessed a moderate rise of 99 points in early trade, while the Nifty was trading 25 points down from its previous session close.
The Sensex is trading at 78,088.30 levels, up by 99.62 points or 0.13 per cent. The NSE Nifty 50 index was trading at 24,207.35 levels, down 24.55 points or 0.10 per cent.
Meanwhile, similar cues were seen in the broader Asian markets, with Japan’s Nikkei 225, South Korea’s Kospi and Australian markets witnessing a decline on Friday.
The Indian government bonds, according to analysts, may decline in early deals today as Brent crude trades around $100 per barrel, while traders await a fresh supply of debt through the weekly auction.
India’s benchmark 6.48 per cent 2035 bond yield is expected to move in a 6.87-6.91 per cent range until the debt sale, a private bank trader said.
The analysts have said that New Delhi will raise more than ₹32,000 crore ($3.44 billion) through the sale of 5-year and 40-year bonds later in the day, with demand likely to drive the price action.
Crude oil prices have been an immensely challenging development for developed and developing Asian economies to navigate as disruptions in the supply chain have triggered inflation in essential commodities, which in turn is forcing investors to stay away from the market.
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