Global equities rallied for a second straight day on Wednesday while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows as investors bet the escalating U.S.-China trade spat would inflict less damage than feared.
As the market rout continued for the third straight session, investor wealth eroded by Rs 3.62 lakh crore in three trading days.
Stocks spiralled lower for the third straight session as wary investors pared their portfolios even as the rupee staged a recovery and global equities shrugged off the US-China trade tensions.
Leading stock exchange BSE Wednesday said it has received markets regulator Sebi's approval to launch commodity derivatives segment from October 1 and to start with, it will focus on non-agriculture commodities like metals.
Benchmark Sensex extended losses for the third straight session Wednesday, falling 169 points to end at a near two-month low of 37,121.22 as cautious investors pared their portfolios, ignoring positive global cues and recovery in rupee.
Weak global cues on the back of escalation in trade tensions subdued equity indices during the afternoon trade session.
Shares of Asset Management Companies (AMCs) tumbled up to 10.3 per cent Wednesday after markets regulator Sebi decided to slash the charges levied by mutual funds from investors.
Leading stock exchange BSE will conduct mock trading in live environment for commodity derivatives segment on Saturday as it prepares itself for the launch of trade in such products.
European shares hit two-week highs, led higher by materials stocks, while disappointing updates from staffing firm Adecco (ADEN.S) and home improvement retailer Kingfisher (KGF.L) weighed.