US stocks opened mixed amid tech sell-offs and inflation data. FIIs sold shares while DIIs bought. Oil held near $106 on supply threats. Jio Platforms…
1/5US Markets: US stocks opened mixed on Thursday, October 15, as a sell-off in technology shares extended for a second session, while hotter-than-expected wholesale inflation data added to concerns over the Federal Reserve’s policy outlook.
2/5FII-DII- Foreign institutional investors (FIIs) remained net sellers in the Indian equity market, offloading shares worth ₹5,285.37 crore on a provisional basis on Thursday. Domestic institutional investors (DIIs), however, continued to provide support to the market, purchasing equities worth ₹3,319.39 crore. The contrasting investment trends indicate continued selling pressure from foreign investors, partly offset by domestic institutional buying. The provisional figures reflect the net investment activity of both investor groups during the trading session.
3/5Crude Oil: Oil prices held near $106 a barrel as renewed shipping attacks in the Gulf region, Houthi strikes in Saudi Arabia, and Ukrainian drone attacks on Russian refineries threatened global energy supplies and forced vessels to alter their routes.
4/5Jio IPO: The Jio Platforms IPO marks a major milestone for Reliance’s digital business. At the press conference, Akash Ambani, Isha Ambani and Uday Kotak spoke about Jio’s growth, technology, leadership and legacy. Here are 10 key quotes from the three speakers.
5/5US Economic data: Markets will track a series of US economic releases, including September import prices, industrial production and capacity utilisation. Import prices are expected to be compared with the previous reading of 0.7%, while industrial production is forecast to rise 0.4% month-on-month, against 0% previously. Capacity utilisation is expected at 76.5%, up from 76.3%. Investors will also monitor the September monthly Treasury balance, which stood at a deficit of $167 billion previously.