Page 5 - Asia Markets

Asian stocks surge on tech boost; yen extends gains to end volatile week

With markets in Japan and mainland China closed on Friday, regional trading activity is likely to be subdued as traders look ahead to the U.S. nonfarm payrolls data later in the day

Asia's market reset: 'Expensive' India lures investors avoiding China risks

The powerful rallies in Indian and Japanese equities as China's market has slumped have reset Asia's financial-market landscape

Investors subscribe 54% of Medi Assist IPO on 1st day of offering

The Initial Public Offer (IPO) of Medi Assist Healthcare Services received 54 per cent subscription on the first day of bidding on Monday. The Rs 1,171.57 crore IPO received bids for 1,05,68,425 shares against 1,96,19,719 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 89 per cent and the quota for non-institutional investors received 45 per cent subscription. The IPO is entirely an Offer for Sale (OFS) of up to 2,80,28,168 equity shares. It has a price range of Rs 397-418 a share. Medi Assist Healthcare Services, the Bessemer Ventures and Investcorp-backed third-party insurance administrator, on Friday raised Rs 351.5 crore from anchor investors. The selling promoters include company chairman Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer Health Capital, and Investcorp Private Equity Fund. Medi Assist covers over 18,000 hospitals across 1,069 cities and 31 states and has 35 insurers as partners. Nuvama Weal

Sensex, Nifty kick off new year on a flat note amid high volatility

Stock markets kicked off the New Year on a flat note with benchmark Sensex closing with modest gains of 31 points in a highly volatile trading session on Monday helped by buying in energy, services and telecom shares. The 30-shares barometer scaled new intraday record high of 72,561.91 before closing at 72,271.94, a gain of 31.68 points or 0.04 per cent over the last close. During the day, it hit a low of 72,031.23 and a high of 72,561.91. The broader Nifty also hit its all-time intraday high of 21,834.35 before settling higher by 10.50 points or 0.05 per cent at 21,741.90. As many as 22 Nifty shares advanced while 28 declined. Key stock indices remained volatile throughout the session as traders were indecisive in the absence of global cues, analysts said. "Market exhibited strength led by optimism on rate cuts, easing global inflation, and softer bond yields. But profit booking was visible at higher levels as lingering concerns over Red Sea disruptions pose short-term risks to ..

Warburg Pincus names Vishal Mahadevia as Asia private equity head

Mahadevia, a 17-year veteran of the firm, will remain as co-head of financial services, Warburg Pincus said in a statement

Confused, surprised at investor interest in F&Os, says Sebi chief

Sebi chairperson Madhabi Puri Buch on Monday said she is "confused and surprised" at investor interest in Futures and Options (F&O) despite 90 per cent of individuals losing money in the segment. Buch said there is a need for investors to look at the long term and added that chances of making inflation-beating returns are much brighter through this strategy. Speaking during the launch of the Investor Risk Reduction Access (IRRA) platform at Asia's oldest stock bourse BSE here, Buch pointed to a recent research by the capital markets regulator which pointed out that only 11 per cent of the 45.24 lakh individual traders in the F&O segment made profit. As per the research, there was an exponential increase in the F&O segment participation during the pandemic, with the total number of unique individual traders increasing by over 500 per cent from the 7.1 lakh in FY19. "I must admit, I am always a little confused and surprised as to why people continue to do that (bet in ...

PE firms' $1.5 trn worth of assets trapped in China after market slumps

With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales

JPMorgan sees India in its top 3 fastest-growing Asia markets in 2024

Global corporations like Apple Inc have stepped up production out of India while others like Tesla are in discussions to begin manufacturing in the country

Rice prices in Asia hit 15-yr high after India's 6-week campaign of curbs

Rice is vital to the diets of billions and contributes as much as 60% of the total calorie intake for people in parts of Southeast Asia and Africa

Sensex sinks 256 pts, Nifty ends below 19,300; SmallCap index holds fort

Closing Bell on August 31, 2023: Bajaj Finance, IndusInd Bank, Axis Bank, HUL, SBI, Power Grid, Nestle India, TCS, Tata Motors, JSW Steel, Bajaj Finance, ITC, and RIL slipped up to 1.2 per cent

Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19,850; PSU banks shine

Closing Bell on July 19: The S&P BSE Sensex touched a lifetime peak of 67,171, while the Nifty50 hit 19,852 intra-day

HCLTech Q4 results: Profit jumps 11% to Rs 3,983 crore; revenue up 18%

The company added 4,480 new employees in the quarter, while the net addition was at 3,674

Crypto decouples from global financial markets amid banking sector gloom

The collapse of several banks in the last two weeks has spread fears of contagion in global markets, but crypto markets saw a bull run, with Bitcoin climbing to its nine-month high on Monday

SVB crisis: How the ripples of the bank's plunge reached foreign shores

Silicon Valley Bank crisis: How has the bank's failure affected other banks and their stocks worldwide? Read more to find out

Winter chill grips domestic indices unlike Asian peers; Nifty50 falls most

Indian equities worst-performing in January

Asian shares subdued, dollar steady as focus remains on US CPI data

US stocks ended higher as investors heaved a sigh of relief after Powell refrained in a speech from commenting on rate policy but said the Fed's independence was essential for it to battle inflation

Recovery in Asia M&A, stuck at 8-year-lows, rests on macro conditions

Deals are set to revive slowly as companies and funds watch out for easier macroeconomic conditions, they said. Hopes that Chinese companies will return to the market have strengthened

Stocks, oil skid sharly today as China's Covid protests roil sentiment

China, the world's top oil importer, has stuck with zero-Covid policy even as much of the world has lifted most restrictions

A great rotation brewing in Asia as investors head northern markets

Strategists at Goldman Sachs Group Inc. expect Asia's equity leadership to shift from Southeast Asia and India to markets like China and Korea next year

Emerging mkts close to completing current bear-market cycle: Morgan Stanley

It's highly likely these markets are bottoming amid "abundant" signs of capitulation, the investment bank's strategists including Jonathan Garner wrote in note