India markets News

The 10-year benchmark bond yield rose 7 basis points to 7.90 percent on Tuesday.

Besides, the progress of monsoon, movement of the rupee against the dollar, will also be key factors determining the trend on the bourses in the truncated trading week.

Besides, Parliament's proceedings would also be keenly watched for the fate of key reforms bills including GST.

Besides, investment trend by foreign investors, movement of rupee against the dollar and crude oil prices will also be key factors determining the trend on the bourses.

All the emerging markets equity funds saw a pullout from investors during the first half of 2015, barring India and Russia.

Rising for the seventh straight session on Monday, NSE Nifty recaptured the crucial 8,800-mark and closed more than one-month high even as investors looked optimistically to the start of earnings season ahead.

The NSE Nifty crossed the 8,400-mark for the first time in late morning trade today and hit a new lifetime high of 8,407.35, led by a rally in auto, banking and infrastructure stocks on sustained inflow of foreign capital.

UBS expects lower rates and reforms to drive growth recovery.

However, Rajan said the RBI will not stand in the way if the government wanted to manage its own debt.