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		The markets extended gains for the third straight session on Tuesday with the Nifty50 ending above 9,850 as automakers such as Tata Motors surged after posting strong monthly sales, while Dr Reddy&rsquo;s Laboratories jumped on the launch of a drug in its key US market.</div>
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		Investors also keenly await the Reserve Bank of India&rsquo;s policy meeting on Wednesday, with the central bank expected to keep rates on hold despite a sharp slowdown in economic growth after inflation surged to a five-month high.</div>
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		Overseas, world shares hit their latest in a run of record highs on Tuesday, while the dollar was at it loftiest in 1-1/2 months as encouraging US data lifted it in tandem with global bond yields.</div>
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		MSCI&rsquo;s 47-country &lsquo;All-World&rsquo; index which contains more than 2,400 firms was pushed to the fresh peak as Europe&rsquo;s main bourses added to gains made in Asia and after Wall Street set its own record close again overnight.</div>
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Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

Business Standard

Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859 | News on Markets - Business Standard

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	<strong>Nifty View from Prabhudas Lilladher</strong></div>
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	For Nifty, the upside is capped for now and as &amp; when we break 9,700 levels we would be witnessing further downslide. The support for the week is seen at 9,620 while resistance is seen at 9,930.</div>

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	<strong>Merger called off</strong><br />
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	Anil Ambani-owned Reliance Communications called off merger with Aircel.</div>
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	The mobile carrier said in its statement to BSE, &quot;Legal and regulatory uncertainties, and various interventions by vested interests, have caused inordinate delays in receipt of relevant approvals for the proposed transaction.&quot;</div>
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	RCom said that it will evaluate an alternate plan for its mobile business through adoption of a 4G LTE focused mobile strategy.</div>

<strong>Oil Check</strong><br />
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	Crude oil futures edged down after tumbling on Monday, as a rise in U.S. drilling and higher OPEC output put the brakes on their recent rally.</div>
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	Brent crude LCOc1 slipped 0.2% to $56.01 a barrel, after marking a third-quarter gain of about 20% US crude CLc1 edged down 0.1% to $50.51.</div>

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	<strong>SGX Nifty</strong></div>
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	The Nifty50 futures on the Singapore Stock Exchange were trading 20 points higher at 9860 indicating a flat opening for the domestic market.</div>

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	<strong>Asia Check</strong></div>
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	Asian shares tiptoed lower on Tuesday, pressured by weaker oil prices but supported by records on Wall Street and upbeat economic data that lifted US Treasury yields and the dollar.</div>
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	MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan was down 0.1% in early trade.</div>
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	Japan&#39;s Nikkei stock index added 0.3%, getting a tailwind from a weaker yen.</div>
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	Australian shares slipped 0.4% ahead of the Reserve Bank of Australia&rsquo;s (RBA) policy decision. While no monetary steps are expected, investors will be looking to see if the central bank adopts a more hawkish bias.</div>

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	<strong>S&amp;P 500, Nasdaq hit record high</strong></div>
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	The S&amp;P 500 and the Nasdaq advanced to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes closed out the quarter with solid gains.</div>
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	The Dow Jones Industrial Average rose 23.89 points, or 0.11%, to 22,405.09, the S&amp;P 500 gained 9.3 points, or 0.37%, to 2,519.36 and the Nasdaq Composite added 42.51 points, or 0.66%, to 6,495.96.</div>

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Markets extend gains for 3rd session; Sensex up 214 pts, Nifty ends at 9859

All that happened in Tuesday's session