The Indian indices may witness a positive start on Wednesday. Yesterday's session saw the indices the end in the green after a highly volatile session, snapping a three-day losing run. The US market on Tuesday ended sharply higher. The Wall Street was lifted by Microsoft and Amazon, while a spike in Treasury yields boosted bank stocks. Wall Street's positive end lifted the spirits in Asia on Wednesday as shares in most major markets advanced.
09 Feb 2022, 07:31:22 AM IST Stocks, US futures climb as bond selloff abates
Stocks rose Wednesday and a selloff in sovereign bonds paused, bringing some relief for markets from the concerns about tightening monetary policy that have whipsawed assets this year.
Shares climbed in Japan, South Korea and Australia, while U.S. equity futures advanced. The S&P 500 closed near session highs, dip-buying lifted the Nasdaq 100 and a U.S. small-cap gauge outperformed.
Sentiment in Asia may get a boost from China, where state-backed funds intervened in the stock market Tuesday, helping the benchmark index stage a recovery from its biggest intraday drop since August 2021. The Nasdaq Golden Dragon China Index jumped.
The 10-year U.S. Treasury yield inched lower but remained in sight of levels last seen in 2019 as the Federal Reserve gears up to raise interest rates to quell inflation. A dollar gauge fluctuated.
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-kiyD--621x414@LiveMint_1644369850199.JPG "Stock Market Today: Sensex, Nifty may witness a positive start on Wednesday")
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