Stock Market Today: Indian benchmark equity indices climbed at opening bell on Monday, led by gains in the Asian markets as sentiment in the global markets stabilised somewhat, with no fresh escalation of the conflict between Israel and Iran over the weekend.
Global Cues
Meanwhile, Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after a blowout US labour data dispelled fears of a recession and spurred a sharp paring of rate-cut bets.
Short-term US Treasury yields rose after the closely watched non-farm payrolls report on Friday showed the economy unexpectedly added the most jobs in six months in September.
Crude oil prices eased from a one-month peak even as Israel bombed targets in Lebanon and the Gaza Strip, with Monday marking one year since the Hamas attack that triggered the war.
Japan’s Nikkei led regional equity gains with a 2 per cent rally as of 5:45 AM, given additional momentum by the softer yen.
Australia’s stock benchmark added 0.12 per cent and South Korea’s Kospi gained 0.29 per cent.
Hong Kong’s Hang Seng had yet to open, and mainland Chinese stocks remain closed until Tuesday for the Golden Week holiday.
MSCI’s broadest index of Asia-Pacific shares climbed 0.4 per cent.
US Dow futures pointed 0.08 per cent higher after the cash index closed at an all-time peak after the payrolls data on Friday.
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