Indian Equity & Global Stock Highlights
- Nifty & Sensex Correction Phase: Indian equities ended down for the eighth consecutive week, with Sensex hovering near 71,909 and Nifty around 22,421 amid sustained institutional selling pressure and cautious global sentiment.
- Key Stocks in Focus: Large-cap names including HDFC Bank, Bajaj Finance, Yes Bank, and DLF remain under watch ahead of Q2 earnings updates and key business disclosures.
- Wall Street & Global Cues: U.S. markets closed mixed as softer jobs data (29k non-farm payroll additions in September) dampened near-term Federal Reserve rate-hike bets, keeping global equity swings contained.
Cryptocurrency Updates
- Bitcoin Defends $85,000 Range: Bitcoin (BTC) is trading near $85,300, stabilizing after a strong start to Q4 driven by whale accumulation and ‘Uptober’ sentiment.
- Ethereum & Altcoins Steady: Ethereum (ETH) holds firm around $2,700, while BNB, Solana, and XRP registered steady 24-hour volume gains across centralized exchanges.
- Regulatory Moves on Custody: The U.S. SEC’s proposed custody framework allowing registered investment advisers and funds to use state trust companies has bolstered institutional outlook.
- Stablecoin Ecosystem Growth: Total stablecoin capitalization crossed $292 billion, driven by payment consortium rails and synthetic dollar yield platforms.
Commodity Markets
- Gold Climbs to $4,158/oz: Spot gold traded higher to around $4,158 per ounce, supported by lower Treasury yields following weak U.S. employment growth.
- Crude Oil Volatility: Brent crude hovered near $98/barrel as geopolitical friction in the Middle East countered global demand slowdown concerns.
- Asian Commodity Flows: China’s Golden Week holidays have tempered spot physical demand across industrial metals, leaving copper and base metals in narrow consolidation ranges.
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