Rajoy

Volumes in Europe are still down 30-40 percent and in American markets down 15 percent in the stock markets. Some fund managers may have used derivatives to get exposure to equities, believes Louise Cooper of Coopercity.

Low yields, high deposits let Spain stave off aid pangs:UBS

UBS economist Matteo Cominetta explains to CNBC-TV18 that low ten-year bond yields and the recovery of bank deposits after the huge drop in July have reduced the pressure on Spanish Prime Minister Rajoy to sign the request for aid.

Markets to be jittery till Spain seeks aid: Nick Parsons

Nick Parsons of National Australia Bank explains to CNBC-TV18 that the Spanish Prime Minster Rajoy‘s delay in seeking aid from the ECB, will send jitters across the markets.

Rally not over; Strong Re will boost equity: Nick Parsons

Nick Parsons of National Australia Bank explains to CNBC-TV18 that the rally in the European markets is not over yet and that a stronger rupee could boost the Sensex which is within striking distance of the year's high of 18,520.