Asian stocks began the new quarter with mild gains following a strong performance by global equities, while the dollar held steady ahead of key economic indicators.
Asian shares gained, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that stemmed from fears of creeping inflation.
Indian markets lost ground in the week Union budget was announced. LTCG Tax spooked markets. Events that will guide the markets this week are:
Manufacturing sector grew at its slowest pace in three months in Jan as factory output, new business orders and employment rose at slower rates, a monthly survey said.
Tokyo stocks closed higher, with the benchmark Nikkei stock index finishing at its highest level in more than 26 years as the yen's softer tone against dollar.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.8 percent while Japan's Nikkei .N225 gained 0.4 percent.
MSCI’s all-country equity index is clocking year-to-date gains of almost 19 percent.
Japanese shares jumped on a weaker yen as an election win for Shinzo Abe’s ruling bloc gave a green light for more policy stimulus.
The Indian service sector's output expanded in September, due to "renewed increases in new business".
The Sensex made a cautious start as all eyes turned to RBI's policy meet outcome later in the day.
Steel Ministry To Announce Scrap Policy This Year
Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs
Steel Secy Arun Sharma Says Policy Will Be Out By December 2018
Scheme Will Come In Effect From April 2020
Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit
Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval
Economic Times Reports
Lenders To Meet Today To Decide On Essar Steel
CoC May Give Time To Arcelor And Numetal To Rectify Bids
Business Standard Reports
IPO under SEBI scanner
SEBI has sought details of investment made by ICICI Prudential MF
Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr
A large chunk was bought by ICICI MF
ICICI MF is ICICI Securities largest public shareholder with 3.82% stake
Board approves proposal for corporate restructuring
Move aimed at simplifying & clarifying structure & holdings
To focus on travel, forex, destination mgmt & portfolio investments
Restructuring will consolidate HR services into Quess Corp
Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co