The Indian stock markets opened lower on Tuesday, extending losses for the seventh consecutive session as geopolitical tensions in West Asia and concerns over potential delays in interest rate cuts by the US Federal Reserve dampened investor sentiment. The West Texas Intermediate November contract was trading at $75.86 per barrel, down 1.66 per cent in early trading. In the domestic market, the Reserve Bank of India’s Monetary Policy Committee outcome, expected on October 9, will be a key focus for investors. Tata Steel emerged as the top loser on the Nifty, falling 3.63 per cent, followed by Tata Motors (-3.12 per cent) and JSW Steel (-2.34 per cent). As geopolitical tensions persist and economic uncertainties loom, investors are advised to maintain a cautious stance and closely monitor global developments that could impact market dynamics in the coming days.

Source: The Hindu October 08, 2024 12:24 UTC