Final Day Of FY21
Indian equities gained for the second straight day on Tuesday. It was also the biggest single-day gain for the benchmark indices in two months.
Futures, however, are indicating that the markets are likely to open with a negative bias in Wednesday’s trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 0.4% to 14,872, as of 8:00 a.m.
Asian equities are mixed in mid-week trading amid upward pressure on bond yields as investors await more details on the next leg of the stimulus package in the U.S.
Benchmark indices in Japan fell after Mitsubishi UFJ Financial Group Inc. joined the list of firms globally to take a hit from the fallout at Bill Hwang’s Archegos Capital Management.
Shares in China retreated while those in Hong Kong and South Korea advanced.
Futures on the Dow Jones are trading little changed. The index fell 0.3% on Tuesday.
Yields on the 10-year treasuries stood at 1.73% after rising as high as 1.77%. West Texas Intermediate crude rose 0.2% to $60.67 per barrel ahead of the OPEC+ meeting tomorrow. Gold fell to a nine-month low.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.