Good morning and welcome to Markets Desk. Here is where things stand.
Indian equities kicked off the week on firm footing, with the benchmark indices opening higher as crude oil prices pulled back and foreign institutional investors returned to buy. The combination of cheaper energy costs and renewed overseas appetite gave sentiment a meaningful lift, even as global AI trade anxiety weighed elsewhere.
Turning to crypto markets, US spot bitcoin ETFs recorded their largest single-day outflows in four months on Friday, shedding six hundred forty three million dollars in a single session. The exodus followed Thursday's hack of Binance, which rattled confidence across the digital asset space and sent investors heading for the exits at a pace not seen since late June.
Meanwhile, a story worth watching for equity valuations broadly — the S&P five hundred's Shiller price-to-earnings ratio, which smooths earnings over a ten-year cycle, has climbed above forty one, against a long-term historical average of around seventeen. The only prior instance of readings this elevated preceded a significant and painful market correction, a data point long-term investors would be unwise to dismiss.
That's the tape. Markets Desk, signing off the floor.
