The largest MSCI index of Asia-Pacific shares outside of Japan was unchanged. Tuesday witnessed continued pressure on Japanese government bonds, with 10-year JGB rates rising 1 basis point to a new high of 0.71%. The yuan experienced its best day in six months as a result of the government's commitment to correcting one-way transactions. inflation data to indicate whether or not interest rates have reached their peak.Īfter Bank of Japan Governor Kazuo Ueda suggested that policymakers might have enough economic data by year's end to decide that short-term rates will need to increase, the yen experienced its best day against the dollar in two months overnight. Tuesday saw a slight sideways movement in Asian stock markets as the dollar took a breather, its recent advances being checked by pushback from the central banks of China and Japan as well as by speculators awaiting U.S. Here are key global market cues for Nifty and Sensex today: If there is a convincing breakthrough above 20,200, it could pave the way for the Nifty to advance towards the 20,500 mark," said Rupak De, Senior Technical analyst at LKP Securities. On the upside, we can identify an immediate resistance zone between 20,100 and 20,200. Looking ahead, market sentiment is expected to remain upbeat as long as the Nifty stays above the 19,900 level. This impressive rally followed a breakout from a descending channel that occurred last week. "Bulls continue to lead the way as the benchmark index surged to a historic high, breaching the 20,000 mark for the very first time. Sensex closed 528.17 points, or 0.79 per cent, higher at 67,127.08 while the Nifty closed the day with a gain of 176.40 points, or 0.89 per cent, at 19,996.35.
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