Key Points
Asian equities edged higher while Wall Street rose overnight as US 10-year yields eased from a fresh 16-year high..
"The triple whammy of spiking dollar, U.S. bond yields and crude prices is slowly easing, paving the way for a recovery in markets," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services...
Ten of the 13 major sectoral indexes advanced, with high weightage financials and information technology adding 0.5% and 1%, respectively...
The IT index has fallen nearly 5% in the last two weeks on worries that higher interest rates in the U.S. will dent a possible demand recovery for Indian companies...
"September quarter earnings will determine the trajectory for small- and mid-caps," said Anita Gandhi, director at Arihant Capital Markets, adding that the uptick in small- and mid-caps has been ahead of the fundamentals...
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