Indian Stocks Rise as Oil Prices Fall
Listen to the story
Indian stocks went up this week. The Sensex is a number that shows how Indian stocks are doing. It gained 440 points. This happened because oil prices fell. Oil went below $102 for one barrel.
When oil prices fall, many companies are happy. Oil is used to make many things. Cheaper oil can mean cheaper costs for business.
There are other important things happening this week. There is a meeting between the US and China. This is called a summit. People are watching this meeting closely.
Bond yields are also important this week. A bond is like a loan people give to a government. The yield is the money you get back.
There is also news about flash PMIs. PMI stands for Purchasing Managers' Index. It shows if businesses are growing or not.
The NSE is the National Stock Exchange of India. There is news about a new company joining, called a listing.
Investors are people who put money into stocks. They are watching all these things this week. They want to know if stocks will keep going up.
Vocabulary10 words
- stocks
- small parts of a company that people can buy
- Sensex
- a number showing how Indian stocks are doing
- oil prices
- the cost of oil
- barrel
- a big container used to measure oil
- summit
- an important meeting between leaders
- Bond yields
- the money you earn from lending to a government
- flash PMIs
- early numbers showing if businesses are growing
- NSE
- a big stock market in India
- listing
- when a company joins a stock market
- investors
- people who put money into stocks hoping to earn more
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Quiz
Answer key
1. They went up 2. Oil prices fell 3. A number showing Indian stock performance
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Indian _____ went up this week.
The _____ gained 440 points.
This happened because _____ prices fell.
Oil went below $102 for one _____.
There is a meeting between the US and China called a _____.
_____ yields are also important this week.
There is also news about flash _____.
The _____ is the National Stock Exchange of India.
There is news about a new company joining, called a _____.
_____ are watching all these things this week.
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