On the commodities front, Brent crude was trading above $86.5 a barrel and WTI Crude was above $82.5. Bitcoin was trading above the 67,100-level. In India, the NSE Nifty 50 and the S&P BSE Sensex ended higher, driven by gains in Tata Steel Ltd., Reliance Industries Ltd., and Mahindra & Mahindra Ltd. The U.S. Dollar Index stood at 103.58, the U.S. 10-year bond yield was at 4.33%, and the Dow Jones was up by 0.20%.
Key takeaways:
- The S&P 500 index and Nasdaq 100 rose by 0.63% and 0.82%, respectively, as of Monday, with U.S. stocks beginning the week with a tech stock rally.
- Shares in the Asian-Pacific region were under slight pressure as investors await decisions from various central banks, including the Bank of Japan and the U.S. Federal Reserve.
- Japan is expecting its first interest rate hike in almost 17 years, with the rate decision scheduled for today.
- On the domestic front in India, benchmark indices rebounded on Monday from a one-session fall, with gains in Tata Steel Ltd., Reliance Industries Ltd., and Mahindra & Mahindra Ltd.