Japan’s Nikkei index surged on Wednesday, driven by technology stocks. Investors eased worries about rising oil prices, boosting market sentiment. Advantest and SoftBank Group saw significant gains. Shipping firm Mitsui OSK Lines and Mitsubishi Materials also experienced strong upward movement. Tokyo Electric Power also jumped on investment interest. Chugai Pharm was the sole decliner.Read More
Urban Company shares will be in focus after early investors offloaded a 4.6% stake worth Rs 734 crore following the expiry of the lock-in period. While institutional buying provided some support, the stock remains under pressure amid recent declines and continued investments impacting profitability despite steady revenue growth.Read More
Asian equities opened higher, mirroring gains in US stocks and Treasuries as investors look past geopolitical tensions. Despite concerns over oil prices and inflation, markets show cautious optimism, with the Federal Reserve’s interest-rate decision awaited. Continued volatility is expected until the energy situation stabilizes.Read More
Reliance Industries is preparing for a massive IPO of its telecom arm, Jio Platforms. The company plans to file initial documents by the end of this month. This could be India’s largest ever IPO. Seventeen bankers have been appointed to manage the issue. The offering is expected to be a secondary share sale by existing investors.Read More
Wall Street closed higher as travel stocks rebounded, with Delta Air Lines raising revenue guidance. Investors watched the Federal Reserve’s policy meeting amid concerns over high oil prices and the Middle East conflict. Policymakers are weighing inflation against a weakening jobs market, with expectations of unchanged interest rates.Read More
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