Oil rose back towards $90 a barrel after Hamas attacks on Israel raised fears of a supply shock. West Texas Intermediate and Brent both rose more than 5%, days after crude oil posted its biggest weekly decline since March. Brent crude prices were trading above $87 per barrel and WTI crude was above $86.
Shares in mainland China fell as markets reopened after the Golden Week holidays, while the morning session was canceled in Hong Kong due to a typhoon. Shares in Australia rose, while US stock futures contracts fell.
The S&P 500 rose 1.2% on Friday, snapping a four-week losing streak. Microsoft Corp., Apple Inc. And Nvidia Corp. The Nasdaq 100 jumped 1.7%, with large-cap tech names including .
Meanwhile, the yield on 10-year US bonds was trading at 4.80%, and Bitcoin was above the $27,000 level.
At 8:10 am, GIFT Nifty, an early indicator of the performance of the Nifty 50 index in India, was down 134 points or 0.68% at 19,635.5.
India’s benchmark stock indices closed higher for the second consecutive day on Friday led by gains in realty and pharma stocks. On a weekly basis, major indices broke two-week losing streak. The Sensex almost touched 66,000 points, while the Nifty closed above 19,600 points.
Foreign investors remained net sellers of Indian stocks for the 13th consecutive session on Friday. According to provisional NSE data, foreign portfolio investors sold shares worth Rs 90.3 crore. Domestic institutional investors remained net buyers for the 11th consecutive session and raised equity worth Rs 783.3 crore.
The Indian rupee closed flat at 83.25 against the US dollar. The yield on 10-year bonds rose 12 basis points to close at 7.34%, the highest since March 15.