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Markets trade higher in early trade on buying in Reliance, HDFC twins; firm Asian equities

Stock benchmark indexes rose in the opening hours of trading on Tuesday, following a strong trend in Asian markets and buying in index heavyweights Reliance Industries, HDFC Twins, and Technology counters.In early trading, the 30-share BSE Sensex increased 295.59 points to 57,949.45. The NSE Nifty index as a whole increased by 76.05 points to 17,061.75.Early…

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More sustained USD losses, Scotiabank

Markets in red, defying Fed’s smaller rate hike good news; banking stocks drag, SBI top loser

Because it was in line with expectations on the street, the US Federal Reserve’s modest rate increase should have improved market sentiment. However, the U.S. Treasury Secretary’s comments on insurance over depositors at bankrupt banks —- dampened the mood, and the Fed’s rate rise booster was unable to keep bulls on stocks. Indian markets suffered…

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