Sensex Today | Share Market Live Updates: Sensex, Nifty expect cautious start; Gift Nifty trades flat

livemint.com:

₹7.59 lakh crore on Monday as the equity market took a heavy drubbing amid escalating tensions in the Middle EastThe 10-year Treasury yield eased on Tuesday after hitting its highest level since 2007 a day before and was at 4.82%. Another drop in oil prices helped to ease the pressure on inflation.Oil steadied after falling more than 6% over the previous three sessions on signs the Israel-Hamas war will remain contained for the time being.Tata Consultancy Services (TCS) Ltd is revising the rates it pays to about 1,000 staffing firms for every engineer deployed, the first such revision by India’s largest information technology (IT) services company in the past six years.The Mumbai-based company communicated to the staffing firms last month that the new pricing structure for engineers, depending on the skill sets, will be effective from January, according to two executives privy to the development.“The vendor contracts get renewed every September/October and are valid for a year.

However, TCS informed us that our existing contracts will apply until December (of this year), and a new one will come into effect in January," said an executive at a staffing firm on the condition of anonymity as discussions are private. (Read More)Wall Street rose to a rare gain Tuesday after Verizon, General Electric and other big companies reported fatter profits for the summer than expected.The S&P 500 climbed 30.64, or 0.7%, to 4,247.68 to break a five-day losing streak.