FACTORS DRIVING MARKETS
Bad News
Dollar rises: The dollar held firm near a three-month high scaled in the previous session. A stronger dollar makes Indian investors nervous as higher the greenback, more outflow the emerging markets see. The yield on benchmark ten-year US Treasuries was steady in Asia at 1.4663 per cent.
Hawks flock: Federal Reserve Bank of Dallas President Robert Kaplan said Wednesday he would like the Fed to start reducing its support for the economy before the end of the year, in part to make an abrupt policy tightening less likely later on.
Broader markets
Broader market indices were trading mixed, wobbling around the flatline in morning trade. Nifty Smallcap was up 0.38 per cent, while Nifty Midcap declined 0.26 per cent. Broadest index on NSE, Nifty 500 advanced 0.05 per cent.