RBI monetary policy decision, FOMC minutes & PMI data to be closely watched
Mumbai, Oct. 1 -- Domestic equity benchmarks ended the week on a cautiously note, even as tensions in the energy market eased a bit.
Brent retreated from higher levels as crude exports through the Strait of Hormuz recovered to near pre-war levels, aided by US military escorts and pipeline rerouting.
Despite this, Trump's rejection of Iran's latest Hormuz reopening proposal and his signal of a return to military action after the US midterms kept the energy risk premium firmly in place.
On the domestic front, industrial production delivered a strong print, with output surging 8% in August, driven by a 9% expansion in manufacturing and a near 17% jump in capital goods output, reflecting early festive-season demand and sustained investment...
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