STOCKS: The benchmark BSE Sensex rose 50.27 points, or 0.09%, to 57,663.99, while the broader NSE index gained 11.1 points, or 0.07%, to 16,962.8, as easing worries over the global banking turmoil whet risk appetite, while Adani group stocks rebounded. RUPEE: The Indian rupee weakened 0.16% versus the U.S. dollar, and quoted at 82.33 per dollar, down on higher dollar index and on importer hedging.
Japanese government bond yields fell on Wednesday, supported by strong outcome of an auction in the previous session and demand for futures, whose trade had turned thin towards the end of the fiscal year. The 40-year JGB yield fell 8.5 basis points to 1.415%, its lowest level since March 14.
STOCKS: The benchmark BSE Sensex rose 205.78 points, or 0.36%, to 57,819.5, while the broader NSE index advanced 60.6 points, or 0.35%, to 17,012.3, tracking an uptick in U.S. equity futures and most Asian gauges. RUPEE: The Indian rupee weakened 0.07% versus the U.S. dollar to 82.26 after adjusting for the fiscal year shift carry, traders said.
- A look at the day ahead in Asian markets from Jamie McGeever. An interest rate decision in Thailand and Australian inflation top a light Asian calendar on Wednesday, with broader risk appetite likely to be tempered by a further rebound in U.S. bond yields.
A look at the day ahead in Asian markets from Jamie McGeever. An interest rate decision in Thailand and Australian inflation top a light Asian calendar on Wednesday, with broader risk appetite likely to be tempered by a further rebound in U.S. bond yields. But this relief is running up what looks like a renewed spike higher in bond yields and borrowing costs, which is dampening risk appetite.
* Canadian dollar strengthens 0.4% against greenback. * Touches strongest level since March 7 at 1.3602. * Price of U.S. oil settles 0.5% higher. * Canadian bond yields rise across flatter curve. By Fergal Smith.
Wall Street's major indexes lost ground on Tuesday while Treasury yields and gold advanced as investors worried that the U.S. Federal Reserve would keep interest rates higher for longer as fears of further banking sector failures faded. Energy stocks were rallying, however, as oil prices rose on supply concerns.
The U.S. dollar fell against a basket of currencies for a second straight day on Tuesday as easing worries about a banking crisis revived investors' appetite for riskier currencies.
* Consumer confidence rose unexpectedly in March. * Alibaba shares jump. * Indexes: Dow down 0.3%, S&P 500 down 0.5%, Nasdaq down 0.9% By Caroline Valetkevitch. March 28 - U.S. stocks were lower in afternoon trading on Tuesday, led by a nearly 1% decline in the Nasdaq as higher Treasury yields hit technology-related shares.
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