Indian Stock Markets Expected to Open Lower on Global Worries
Listen to the story
Indian stock markets may open lower today. The reason is bad news from around the world.
The Sensex is a number that shows how Indian companies are doing on the stock market. It may go down today.
The Indian rupee is also weaker now. This means it can buy less than before compared to other money, like the US dollar.
Oil prices are staying high. Oil costs more than 80 dollars for one barrel. High oil prices can hurt many businesses.
There is also a problem in a place called the Strait of Hormuz. This is a narrow sea area where many oil ships travel. Problems there can make oil prices go up.
People are also waiting for news from the FOMC. This is a US group that decides about money and interest rates.
Investors will also look at new PMI numbers. PMI shows how well factories and businesses are working.
All these things together are making investors worried. This is why markets may open lower today.
Vocabulary15 words
- Sensex
- a number that shows how Indian companies are doing
- rupee
- the money used in India
- oil prices
- how much oil costs to buy
- barrel
- a unit used to measure oil
- Strait of Hormuz
- a narrow sea path where oil ships travel
- FOMC
- a US group that decides about money
- PMI
- a number showing how well factories are working
- stock market
- a place where people buy and sell parts of companies
- global
- happening in many countries
- investors
- people who put money into companies to make more money
- weaker
- less strong; worth less
- interest rates
- the extra money you pay back when you borrow money
- companies
- businesses that make or sell things
- worried
- feeling unsure or afraid about something
- news
- information about what is happening
Quiz
Answer key
1. Because of negative global cues 2. They are staying above 80 dollars a barrel 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Indian stock markets may open _____ today.
The reason is bad news from around the _____.
The Sensex is a number that shows how Indian _____ are doing.
The Indian _____ is also weaker now.
Oil prices are staying _____.
Oil costs more than 80 dollars for one _____.
There is also a problem in a place called the _____.
This is a narrow sea area where many oil _____ travel.
People are also waiting for news from the _____.
Investors will also look at new _____ numbers.