Share Market LIVE: SGX Nifty hints at positive start for Indian indices

Stocks to Watch: HDFC, Tata Steel Long, Kotak Mahindra Bank, IndusInd Bank

TCS, Muthoot Finance, Tata Motors, Vedanta are some of the companies that will also be in news today.

Airlines scramble for cabin crew, pilots as talent war hits the sky

The crowded skies over India have set off a talent war like never before, with the upcoming launch of Akasa Air, return of Jet Airways under its new promoters and the Tata Group’s takeover of Air India.

With the new promoters of the two major airlines and the new entrant going all guns blazing to rope in the best for a perfect take off, incumbents are scurrying to retain their top pilots and cabin crew with bonuses and pay hikes to thwart attempts at poaching. (Full report)

Gold inches down as U.S. bond yields bounce back

Gold dipped slightly on Tuesday as a recovery in U.S. Treasury yields from last week’s one-month lows reduced the appeal of non-yielding bullion, with a strong dollar also piling on. Spot gold was down 0.1% at $1,807.93 per ounce, while U.S. gold futures rose 0.4% to $1,808.50.

Crude oil extends gain

Brent crude futures extended gains on Tuesday as a strike in Norway is expected to disrupt oil and gas output, fanning tight supply worries. Brent crude futures rose 82 cents, or 0.7%, to $114.32 a barrel after a 2.4% gain on Monday. US West Texas Intermediate crude climbed $2.58, or 2.4%, to $111.01 a barrel,

Asian markets, US Futures climb

Asian stocks rose with US equity futures Tuesday amid speculation the Biden administration could scrap some Trump-era tariffs on Chinese consumer goods. Treasuries slid after reopening from a holiday.

An Asian share index climbed for a second day, helped by Chinese tech stocks, while S&P 500 and Nasdaq 100 contracts gained about 0.5% from Friday’s close. US markets were shut Monday for the Independence Day holiday.