Sensex gains nearly 400 pts, Nifty above 11,450 on banks support

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Market Update

Indian shares moderately gained today tracking broader Asian markets after two sessions of losses, as US Treasury yields edged higher, easing concerns about a recession in the world's largest economy.

"Domestic markets are well placed, sentiments are still positive, the selloff was mainly because of fears of global slowdown and some correction after last week's rally," said Neeraj Dewan, director, Quantum Securities.

"There is a sense that the same government may continue so there will be stability at the centre….this is supportive of our market," he added. Source: Reuters

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Market Update

 

Indian shares moderately gained today tracking broader Asian markets after two sessions of losses, as US Treasury yields edged higher, easing concerns about a recession in the world’s largest economy.

 

“Domestic markets are well placed, sentiments are still positive, the selloff was mainly because of fears of global slowdown and some correction after last week’s rally,” said Neeraj Dewan, director, Quantum Securities.

 

“There is a sense that the same government may continue so there will be stability at the centre….this is supportive of our market,” he added. Source: Reuters