S&P 500 futures rose 0.3 per cent following the index's biggest fall in two months overnight and the Chinese yuan rebounded in offshore trade to recover Monday losses. The Hang Seng recovered from an early drop to trade near flat as financials and property firms bounced, while Japan's Nikkei returned from a market holiday with a drop of almost 2 per cent. Amber Enterprises and JK Lakshmi Cement were under selling pressure.Īsian markets were jittery in volumes thinned by public holidays in China, Taiwan and South Korea. Field of Play Marketing is a full service marketing firm based in Pittsburgh, PA. Complete with paper money, a lifelike checkout terminal with a working scanner and toy food products, the play set will inspire hours of imaginative play. Quess Corps, National Aluminium, Sequent Scientific, Godrej Properties, Prestige Estates and Oil India were gainers from the space while Tata Elxsi, CESC, Laurus Labs, HEG. Broadest index on NSE, Nifty 500 was up 0.24 per cent. Nifty Smallcap was down 0.26 per cent while Nifty Midcap declined 0.02 per cent. The fact that FPIs did not sell yesterday is also very encouraging for Indian investors and hence a bounce back today is very likely, said analysts at East India Securities.Ĭhina’s Lehman moment?: Investors fear a messy collapse or liquidation at Evergrande could ripple through China's property sector at a time when growth in the world's second-largest economy is already looking fragile.īroader market indices were trading lower, underperforming their headline peers. This may play out in the medium to long term, analysts noted.įII keep buying: Net-net, foreign portfolio investors (FPIs) turned buyers of domestic stocks to the tune of Rs 92.54 crore, data available with NSE suggested. This is likely to be a 'taper without tantrum', said analysts.Īdvantage India: There is another view that the Chinese crisis - the regulatory crackdown earlier and the Evergrande crisis now - bode well for India, facilitating increasing capital flows to India. This will be watched closely by markets globally.

Fed meet: The FOMC meet starting today may give a timeline on tapering.

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