United States

US stocks rose on the Monday bell after a bruising sell-off last week as investors looked ahead to a big week of events, with the Federal Reserve's latest policy decision and earnings from Apple on the calendar, US media reports said.

Brent crude, the global oil benchmark, fell by 1.2 per cent to $89 a barrel, and West Texas Intermediate (WTI) crude, the US benchmark, dropped by 1.3 per cent to trade at $84 a barrel. Last week, Brent fell by 1.8 per cent and WTI by 3.6 per cet.

On October 24 morning, five suspects entered the Apple Store located on Burlingame Avenue, California and stole a number of undisclosed Apple items, reports Kron4. As per the Burlingame Police Department, the five suspects fled in a grey BMW X5 SUV with no license plate after stealing the products.

Come November 1 this year, the US Treasury department will update its quarterly update on its bond issuance plans for the next three months. Investors are concerned about upward revisions about the bond market's appetite for additional Treasury Bonds, sending their yields higher but leading to a historic collapse on the price tag of the bonds, media reports said.

In its National Retail Security Survey, the National Retail Federation (NRF), which has designated October 26 as "Fight Retail Crime Day", said retail is the nation's largest private-sector employer, contributing $3.9 trillion to annual GDP and supporting one in four US jobs -- 52 million working Americans, reports Xinhua news agency.

At close, Nifty was down 0.83 per cent or 159.6 points at 19,122.2, while the Sensex tanked 522.82 points or 0.81 per cent to settle at 64,049.06.

Positive news like decline in the US bond yields and weakening crude can help the market to revive but it may not sustain given the uncertainty surrounding the West Asian conflict. Investors may opt for a cautious approach to the market till some clarity emerges on the geopolitical situation, he said.

The union on Tuesday organised its 5,000 member workers at GM's full-size SUV plant in Arlington, Texas, to strike, reports Xinhua news agency. The plant builds the Detroit automaker's most expensive vehicles such as the Chevrolet Tahoe and Suburban, the GMC Yukon and Yukon XL, and the Cadillac Escalade and Escalade-V.

Things seemed to be going well when the skirmish flared up and it now portends to be a religious war of sorts panning out. It’s the Muslim brotherhood versus Jews and Christians. Most unfortunate.

Market participants will vigilantly monitor US GDP data for insights into the Fed's interest rate trajectory. Additionally, as the earnings season gains momentum, investor sentiment will be shaped by corporate’s management commentary and bottom-up investment approach, he said.