5 factors influencing market sentiment in Tuesday's session

World's largest fund manager BlackRock has turned bullish on emerging markets. Ace investor Mohamed El-Erian warned keeping interest rates low for long time may lead to financial instability, while at home a business confidence index registered an increase of over 2 per cent sequentially.
Below is a wrap up of all this and more developments that make or mar your markets in Tuesday's session.

Rupee falls against dollar after Urjit Patel named RBI governor

India bonds and rupee fell on Monday after the government said the Reserve Bank of India Deputy Governor Urjit Patel would be promoted to Governor, a role in which he is expected to hold the line on inflation by keeping interest rates on hold.
Patel is due to start his term on September 4 after his appointment on Saturday.
The Indian rupee fell to a near one-month low of 67.17/67.18 to the dollar, compared with its close of 67.07 per dollar on Friday.
The benchmark 10-year bond yield rose 4 basis points to 7.14 per cent.

Sensex slips below 28,000, Nifty dips below 8,650 on muted global cues; Adani Ports top gainer

The S&P BSE Sensex on Tuesday fell over 200 points to slip below its crucial 28,000 level, while the broader Nifty50 went below its key 8,650 mark.
The headline indices declined tracking muted trend seen in Asian markets after the US worker productivity fell for the third straight quarter in June.
At 10:21 am, the 30-share index was trading at 27,897, down 187.37 points, while broad-based 50-share index was quoting 8,611, down 66.50 points.
"We expect the Nifty to find a strong support around 8,640-8,610 levels; whereas, 8,700-8,730 would be seen a resistance zone," said Angel Broking in a research note

Rupee drops 3 paise against dollar ahead of RBI policy

The rupee edged lower by 3 paise to 66.87 against the dollar in early trade today on fresh buying of the American currency by importers ahead of RBI policy.
Forex dealers said strength in the dollar against some other currencies overseas and a weak trend in the domestic equity market in early trade also weighed on the rupee.Yesterday, the local currency ended seven paise lower at 66.84 on fresh dollar demand form banks and importers on the back of strong dollar in overseas markets.

Rupee sheds gains against dollar on strong US jobs report

The rupee on Monday slipped 6 paise to 66.83 against the US dollar at the Interbank Foreign Exchange tracking negative trend seen among Among Asian currencies.
On Friday, the domestic currency strengthened by 14 paise to end at 66.77 against the US currencyon the back of sustained dollar selling by exporters amid weak overseas signals.

The dollar held stronger against major currencies on Monday after an upbeat US jobs report released on Friday painted a rosy picture of the US economy.
The dollar index, which tracks the greenback against a basket of six major rivals, was broadly flat at 96.240, not far from a one-week high of 96.522 hit on Friday after the jobs report.
Among Asian currencies, Chinese yuan fell 0.16 per cent, ringgit 0.62 per cent, Korean won 0.37 per cent, while Japanese yen shed 0.26 per cent against the greenback.

Gold glitters above 30,500; silver tops Rs 47,000 per kg

Gold prices soared by Rs 250 to Rs 30,900 per ten grams at the bullion market on Thursday, propelled by positive global cues amid increased buying by jewellers at the domestic spot market.
Silver also spurted by Rs 1,550 to Rs 47,750 per kg on increased offtake by industrial units and coin makers.
Bullion traders said a firming trend overseas after the US Federal Reserve indicated it would take a slow, measured approach to any interest rate hikes amid weakening dollar, raised the demand for the precious metals as a safe-haven, mainly attributed strong rally in gold and silver prices.
Globally, gold rose 1.52 per cent to $1,339.70 an ounce and silver by 3.75 per cent to $20.32 an ounce in New York yesterday.