Crude Extends Gains, Most Stocks Drop as Mideast Hopes Dim

Crude extends gains, most stocks drop as Mideast hopes dim

While soft US data this month has eased concerns that the Federal Reserve will hike interest rates soon, traders still expect inflation to remain high for some time as the Middle East crisis drags on and crude stays stuck around $90 a barrel. That has pushed up long-term Treasury yields to levels not seen since June 2007 -- just before the global financial crisis exploded -- compounded by rising US borrowing and massive corporate bond issuance t…

Oil prices extend gains, stocks stagger as Mideast peace hopes dim

Sensex falls over 250 points, Nifty below 24,250 as Mideast peace hopes fade. More pain ahead?

Indian stock markets saw a troubling trend as they recorded declines for several days in a row. On the third straight day, the Sensex dropped significantly, and the Nifty 50 fell for the sixth consecutive session. This decline coincided with fading expectations for a peace deal in the Middle East, with the Sensex losing over 250 points and Nifty 50 dropping below 23,250 while small-cap stocks managed to gain traction.