Stock Market LIVE Updates: Global market sell-off weighs on sentiment; stock specific action likely

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The story "Stock Market LIVE Updates: Global market sell-off weighs on sentiment; stock specific action likely" was covered 6 hours ago by Business Standard, a news publisher based in India.

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Stock Market LIVE Updates: Global market sell-off weighs on sentiment; stock specific action likely - Business Standard

Quick Summary:

Indian markets were likely to open lower on Wednesday, dragged down by a sharp sell-off in global markets after weak manufacturing data in the US.

Oil prices struggled near their lowest level in months, on signs of a deal to resolve a dispute that has halted Libyan crude production and exports.

Given the Federal Reserve's focus on the health of the US labour market, Friday's release could decide whether a rate cut expected this month will be regular or super-sized.