Indian Market:
Equity benchmarks closed another session with modest losses after witnessing a consolidation for the entire session. The sell-off in financial, metal, FMCG and select technology companies' shares.
The yield on India's 10-year benchmark government bond rose two basis points after his statements while the one year Overnight Indexed Swap (OIS) rose eight basis points to 6.64 percent.
British Telecom (BT), one of the original promoters of Tech Mahindra, has reportedly re-initiated discussions to sell its stake in the firm and has attracted the interest of private equity firm Providence Equity Partners.
Global Cues:
Asian stock markets retreated Tuesday after a disappointing drop in US factory orders and a subsequent fall on Wall Street. The key benchmark indices in Indonesia, Singapore, Taiwan, Hong Kong and South Korea fell by between 0.01% to 0.7%. But, Japan's Nikkei Average rose 0.02%. Chinese markets were closed for a holiday.
European stocks rose as Tesco Plc reported better-than-estimated profit and TUI Travel Plc said results will reach its yearly forecasts, indicating company earnings may withstand the region's debt crisis. U.S. index futures and Asian shares climbed.
The recovery of the Euro zone's dominant service sector sagged in September as declines in Spain and Ireland offset resilient performances in Germany and France, a business survey showed on Tuesday.
Equity benchmarks closed another session with modest losses after witnessing a consolidation for the entire session. The sell-off in financial, metal, FMCG and select technology companies' shares.
The yield on India's 10-year benchmark government bond rose two basis points after his statements while the one year Overnight Indexed Swap (OIS) rose eight basis points to 6.64 percent.
British Telecom (BT), one of the original promoters of Tech Mahindra, has reportedly re-initiated discussions to sell its stake in the firm and has attracted the interest of private equity firm Providence Equity Partners.
Global Cues:
Asian stock markets retreated Tuesday after a disappointing drop in US factory orders and a subsequent fall on Wall Street. The key benchmark indices in Indonesia, Singapore, Taiwan, Hong Kong and South Korea fell by between 0.01% to 0.7%. But, Japan's Nikkei Average rose 0.02%. Chinese markets were closed for a holiday.
European stocks rose as Tesco Plc reported better-than-estimated profit and TUI Travel Plc said results will reach its yearly forecasts, indicating company earnings may withstand the region's debt crisis. U.S. index futures and Asian shares climbed.
The recovery of the Euro zone's dominant service sector sagged in September as declines in Spain and Ireland offset resilient performances in Germany and France, a business survey showed on Tuesday.
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