INSUBCONTINENT EXCLUSIVE:
today edged lower, following weak global markets
The Sensex was down 27 points at 34,589 while Nifty slipped to 10,603
Bharti Airtel rose nearly 3 per cent while Reliance Industries gained nearly 1 per cent
Asian shares fell on Wednesday as a rise in US bond yields to 3 per cent and warnings from bellwether US companies of higher costs drove
fears that corporate earnings growth may peak soon
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.7 per cent to its lowest in almost three weeks, with tech-heavy
Taiwan shares hitting two-month lows on worries about slowing semi-conductor demand
Japan's Nikkei also dropped 0.7 per cent.Wall Street shares skidded overnight, with the SP 500 falling 1.34 percent, the most in
two-and-a-half weeks.Industrial heavyweight Caterpillar beat earnings estimates due to strong global demand but its shares tumbled 6.2 per
cent after management said first-quarter earnings would be the "high water mark" for the year and warned of increasing steel prices.Creeping
gains in US Treasury yields are fuelling fears
The 10-year yield, a benchmark for global borrowing costs, has been driven steadily higher by a combination of concerns over inflation,
growing debt supply, and rising Federal Reserve borrowing costs.The 10-year United States Treasuries yield rose to as high as 3.003 per
A break of its January 2014 high of 3.041 per cent could turn investors even more bearish.Oil prices slipped back from near 3-1/2-year highs
as talks between United States President Donald Trump and French President Emmanuel Macron eased concerns Washington may reinstate
sanctions against Iran, although Trump refrained from committing to staying in a 2015 nuclear deal
