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Short-term Japanese government bond (JGBs) yields edged lower on Monday ​as weaker-than-expected economic data caused traders to pare bets for an early rate hike by the central bank.
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Japanese shares ​drifted lower on Monday as ​weaker-than-expected economic data and a post-election lull capped ​moves.
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On Monday, Australian shares made modest gains with technology, gold, and healthcare sectors leading the charge. While the mining and financial markets struggled, the S&P/ASX 200 index finished the day on a positive note, buoyed by a surge in tech stocks, likely driven by recent dips and savvy bargain hunters.
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Indian companies are reporting strong earnings growth. Metals and oil & gas sectors are leading the charge. Even excluding these, growth remains robust. Auto, capital goods, NBFCs, and PSU banks are showing healthy gains. Smallcaps are also recovering. Despite this, market sentiment is cautious, particularly for mid and smallcap stocks. Investors need to be selective.
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Dalal Street is set for a wave of IPO lock-in expiries, with about 85 companies seeing restrictions lifted between February and May 2026, potentially unlocking $53 billion worth of shares, according to Nuvama Alternative & Quantitative Research.
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