Stock Market Live Updates 09 April 2024: Asian stocks rise, bond yields steady at 2024 high; Bain Capital to sell $429-million stake in Axis Bank



Sensex, Nifty, Share Prices LIVE: Stocks in Asia climbed Tuesday after US benchmarks saw sluggish trading and Treasuries kicked off the week on the back foot ahead of key inflation data. Benchmark equity indexes gained in South Korea and Australia. Futures in Hong Kong also pointed higher. US 10-year yields steadied after rising to the highest since November, coming within striking distance of the psychologically important 4.5% level. Traders’ conviction on three quarter-point rate cuts from the Federal Reserve this year is quickly dissipating, with markets now favouring just two reductions. Bain Capital plans to sell stake worth $429 million in Axis Bank on Tuesday, according to a term sheet seen by Reuters. The private equity firm, which first purchased shares in the bank in November 2017, will exit its entire holding with Tuesday’s stake sale, a source familiar with the matter told Reuters.

Leave a Reply

Your email address will not be published. Required fields are marked *