MARKET WRAP: Sensex ends 276 points higher; RBI hikes repo rate by 25 bps

Markets ended higher after the RBI maintained neutral stance in its second policy decision of FY19

8:24 AM

Asia stocks gain

 

Asian stocks edged up on Wednesday after tech sector strength lifted Wall Street shares, while concerns about Italy’s debt prompted investors to move into lower-risk government debt elsewhere, pushing US Treasury yields down from recent highs.

 

MSCI's broadest index of Asia-Pacific shares outside Japan  rose 0.1%, while Japan's Nikkei edged down 0.1%.

8:19 AM

US stocks edge up as tech extends gains

 

US stocks mostly edged higher on Tuesday as technology shares extended recent gains while US Treasury yields fell on safe-haven buying after Italy’s new prime minister outlined new economic policies that could add to the nation’s debt.

 

The Dow Jones Industrial Average fell 12.51 points, or 0.05%, to 24,801.18, the S&P 500 gained 1.63 points, or 0.06%, to 2,748.5 and the Nasdaq Composite added 25.81 points, or 0.34%, to 7,632.27.

8:16 AM

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