Elsewhere in Asia, most major indices rose 1-2%, while key averages in Europe were up 0.2-0.9%. In the US, the Dow Jones Industrial Average, the S&P 500 and Nasdaq Composite was up around 0.9% at the time of going to press. At home, the Nifty crossed a key hurdle of 17,400, while the Volatility Index or VIX-a fear gauge-dropped, suggesting traders see lower risks of a downside to the market in the near term.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.