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Indian shares eked out modest gains on Wednesday amid mixed catalysts. <\/p>\n
Global bond yields retreated after weak inflation data from China pointed to increasing deflationary pressures in the country. <\/p>\n
At the same time, China’s slide into inflation and problems at Country Garden, once China’s largest developer, increased calls for more stimulus.<\/p>\n
Concerns grew about the health<\/span> of the U.S. banking system after Moody’s cut the credit ratings for 10 smaller and midsized lenders and put the credit ratings of six large U.S. banks under review for a possible downgrade.<\/p>\n Closer home, the benchmark S&P BSE Sensex recovered from an early slide to end the session up 149.31 points, or 0.23 percent, at 65,995.81. <\/p>\n The broader NSE Nifty index settled 61.70 points, or 0.32 percent, higher at 19,632.55, with pharma, auto and metal stocks pacing the gainers. <\/p>\n Among the top gainers, Mahindra & Mahindra, Tata Motors, Hindalco, JSW Steel and Dr Reddy’s Laboratories jumped 2-4 percent.<\/p>\n The RBI’s monetary policy committee (MPC) is expected to maintain key rates when it meets on Thursday, but the central bank might adopt a far more hawkish tone amid the recent sharp rise in vegetable and pulses prices.<\/p>\n Globally, Asian markets<\/span> ended mixed today and the dollar dipped against rivals ahead of key U.S. inflation readings due this week.<\/p>\n European stocks rebounded sharply led by banks after Italy clarified that that the new windfall tax on banks would not amount to more than 0.1 percent of their assets. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n