CLOSING BELL: Shares of One97 Communications, the parent company of digital payments major Paytm, tanked 14.5 per cent to hit a new low of Rs 662 on the BSE in Monday's intra-day trade
Empirical analysis of past 17 market corrections in excess of 10 per cent, according Antique Stock Broking, suggests that market recoveries are swift with entire losses getting recouped in 3-6 months
Rupee may breach 76/$ if geopolitical tensions persist
Asian shares rallied on Wednesday as fears of a Russian invasion of the Ukraine this week dissipated, after Moscow indicated it was returning some troops to base, thereby relieving the investors.
The case for a rebound should be aided by lower valuations after the MSCI Asia Pacific Index underperformed its global counterpart by around 20 percentage points last year
MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.3%, after six sessions of gains, following volatile U.S. trade
Within the Asian region, the global research and broking house has maintained an overweight stance on China, Korea and Indonesia for 2022. Thailand and Philippines remain their key underweights.
Asian firms also accounted for most large issuances of convertible bonds
A mixed US jobs report did little to shake market expectations of a more aggressive tightening by the Federal Reserve
The stocks witnessed their biggest intra-day fall since April 12, 2021, and also their biggest weekly fall since January 29, 2021
The firm plans to build a bigger presence in real estate in developing markets such as China, Korea and India
Investors say this time is different as they lay bets on sparkling returns
In Q2FY22, the company posted consolidated profit after tax of Rs 46.6 crore as against a net loss of Rs 65.5 crore in Q2FY21.
Busiest summer for Asia IPOs on record with $56 billion in deals
Stock market LIVE: Sectorally, all indices were trading positively, led by Nifty Realty
Throughout the pandemic, Hong Kong has kept Covid-19 cases and deaths low
The Hang Seng Tech Index closed 1.9% lower in Hong Kong.
Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Tokyo, Hong Kong and Seoul fell while Shanghai gained after Fed policymakers, who previously forecast no interest rate hikes before 2024, estimated their benchmark rate would be raised twice by late 2023. The Fed also indicated it sees the US economy improving faster than expected. On Wall Street, the benchmark S&P 500 index fell 0.5 per cent on Wednesday after Fed projections showed some of its board members expect short-term interest rates to rise by half a percentage point by late 2023. Ultra-low rates from the Fed and other central banks have propelled a global stock market rebound from last year's plunge amid the coronavirus pandemic. The Fed may have delivered a more hawkish message for markets than many would have expected, Yeap Jun Rong of IG said in a report. Still, Yeap said, differing views among board members ..
The earnings momentum has been quite resilient and the policy momentum quite focused towards improving the infrastructure and attractiveness in the global supply chain: Daniel Blake of Morgan Stanley
Most Asian markets traded weak after the overnight fall in the US markets