Stock Market LIVE Updates: India markets likely to open lower, shows GIFT Nifty; China, Japan climb

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Stock Market LIVE Updates: India markets likely to open lower, shows GIFT Nifty; China, Japan climb - Business Standard

Quick Summary:

The country’s consumer inflation in October rose 1.3 per cent from a year ago, slightly cooler than Reuters’ estimates of 1.4 per cent. Hong Kong’s Hang Seng Index climbed 0.44 per cent.

Its decision has been complicated by a sell-off in gilts following the Labour government's budget last week. Oil prices rose after OPEC+ said on Sunday it would delay a planned December output hike by one month. Brent futures rose 3.1 per cent to $75.34.U.S.

The decision opens scope for domestic funds to invest in prominent global schemes, especially passive ones, which provide exposure to markets across the globe. Asia-Pacific markets were trading mixed on Tuesday. Japan’s Nikkei 225 rose 1.25 per cent, while the Topix gained 0.8 per cent.