Financial markets an attempt collection were in risk appetite on Tuesday as global equities recovered and the yen lost ground against the higher yielding currencies.
Despite a late wave of buying on Wall Street, the mood in the markets was cautious amid lingering concerns about the potential for problems in the housing market in the US economy overall impact.
Equities
Stocks and the rupee took an early step in the morning in RBI Governor Raghuram Rajan that not for a second term, but early losses were recovered in the hectic buying by some institutions and soothing voices of the rating agency Fitch and some marketmen prominent, while fading Brexit concern also helped.
The benchmark Sensex stock market fell to 26.438 points in the pre-open trade between 0900-0915 hours, up about 200 points from its previous close, but purchase orders in the morning helped limit the loss of opening 178 stitches.
