{
  "id": 17165618,
  "title": "Negative bias seen amid global headwinds",
  "url": "https://urgent.news/2026/10/30/negative-bias-seen-amid-global-headwinds",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T02:15:27.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/negative-bias-seen-amid-global-headwinds/article71643399.ece"
  },
  "original_language": "en",
  "account": "On Friday, global markets are expected to open weakly, with the Nasdaq plunging 365 points, driven by Alphabet's underperformance. Indian markets are also likely to open flat to negatively, as key companies including Reliance Industries and Jio Platforms release their quarterly earnings after the market closes. The Nifty index is trading around 23,000, suggesting a lackluster start to the trading day. In addition to global headwinds, domestic factors such as the recent hack at Binance, resulting in the freezing of $2.5 billion, and Bitcoin's slide below $79,000, could weigh on investor sentiment. Brent crude remains near $115.40 per barrel, posing a significant risk to Indian equities. Positive economic indicators, such as stronger-than-expected U.S. GDP growth in the third quarter, may spur sector rotation rather than a broad market rally, according to Hariselvan Radhakrishnan, Founder and CEO of HST Wealth. The Federal Reserve's policy outlook remains uncertain due to the delicate balance between robust economic activity and persistent inflation. Technical analysis indicates a supportive setup with the PCR at 1.18 (monthly) and 1.44 (weekly), and Nifty closing above its 20-day EMA, suggesting a near-term bullish outlook. However, sustained buying participation will be crucial to confirm the recovery's durability, as elevated crude prices and geopolitical uncertainties could hinder further gains.",
  "summary": "All eyes will be on Jio Platforms that will declare results later today",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}