Asian markets were mixed after the overnight fall in the US stock market. The Dow Jones Industrial Average fell 1.5 per cent to settle at a five-month low in a session marked by a nearly four-hour suspension of trading on the NYSE. Tracking weak signals, most Asian shares fell over a per cent in morning trades. Though some recovery was seen as the day progressed. Nikkei was down over 0.50 per cent, Kospi fell 0.6 per cent.
On the other hand, Hang Seng surged over 3 per cent. Shanghai Composite also added 1.3 per cent. Indian firms battling towering debts are calling for more interest rate cuts as they worry the central bank is tying monetary policy too much to consumer inflation and ignoring the longest streak of wholesale price falls on record.TCS will be announcing its first quarter results for FY16.
Analysts expect company to post sales of Rs 25,326 crore compared to Rs 24,219 crore during the previous quarter and net profit is expected at Rs 5,421 crore compared to Rs 5,905 crore in the previous quarter.
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