Indian Stock Markets Expected to Open Lower on Global Worries
Listen to the story
Indian stock markets, including the Sensex and Nifty, are likely to open lower today because of negative global cues.
Several international factors are worrying investors this week. These include the crisis in the Strait of Hormuz, a narrow but important sea route used by oil tankers.
Oil prices remain a major concern, as they continue to hold above $80 per barrel. Higher oil prices can increase costs for many businesses and industries.
At the same time, the Indian rupee has weakened against other currencies, making imports more expensive for Indian companies.
Investors are also waiting for the release of the FOMC minutes. This is a record of discussions from the US Federal Reserve's recent meeting about interest rates.
Another important factor this week is the release of flash PMI data. PMI, or Purchasing Managers' Index, shows how well factories and service businesses are performing.
According to reports, these are among ten key factors that traders on Dalal Street, India's main financial market area, will be watching closely this week.
Because of all these combined pressures, experts believe Indian markets could see a mixed or negative start to trading today.
Vocabulary10 words
- Sensex
- a number showing how Indian company shares are performing
- global cues
- signals or news from around the world that affect markets
- Strait of Hormuz
- a narrow sea passage used for shipping oil
- barrel
- a standard unit used to measure oil
- rupee
- India's currency
- FOMC
- the US group that decides on interest rates
- interest rates
- the cost of borrowing money
- PMI
- a number showing business activity in factories and services
- Dalal Street
- the area in Mumbai known as India's main financial center
- traders
- people who buy and sell shares professionally
Quiz
Answer key
1. Negative global cues 2. Discussions about US interest rates 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Indian stock markets, including the Sensex and Nifty, are likely to open _____ today because of negative global cues.
These include the crisis in the _____, a narrow but important sea route used by oil tankers.
Oil prices remain a major concern, as they continue to hold above $80 per _____.
At the same time, the Indian _____ has weakened against other currencies.
Investors are also waiting for the release of the _____ minutes.
This is a record of discussions from the US Federal Reserve's recent meeting about _____.
Another important factor this week is the release of flash _____ data.
PMI shows how well factories and service businesses are _____.
Traders on _____ will be watching these factors closely this week.
Experts believe Indian markets could see a mixed or _____ start to trading today.