Neutral impactStocks
Markets open higher following AI-selling in Wall Street, fall in crude
The Hindu 8 hrs ago·2 Nov 2026, 4:50 am
Markets opened higher after Wall Street saw a pullback in AI‑related shares, while crude oil prices slipped. The rally was led by gains in broader indices as investors rotated out of high‑growth tech names.
The AI sell‑off reflects profit‑taking after a recent run‑up, and it can temper the momentum of the Nasdaq and related ETFs. At the same time, lower crude eases pressure on energy stocks and may temper inflation concerns, supporting a more balanced market tone.
Traders will be watching upcoming corporate earnings, especially from AI‑focused firms, and any fresh data on oil inventories or Fed commentary that could shift sentiment in the next session.
Excerpt from The Hindu
The rupee is expected to remain under pressure as crude oil is still hovering near $110 per barrel levels. The rupee fell 21 paise and was trading at 94.97 against the dollar in early trade Updated - November 02, 2026 11:00 am IST - Mumbai Indian markets opened higher on Monday (November 2, 2026) after settling flat…Read the original at The Hindu
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