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Asian markets rose on Thursday after US stocks closed at record highs on hopes that newly inaugurated U.S. President Joe Biden would put in place further economic stimulus to offset damage wreaked by the COVID-19 pandemic.
Asian equity markets firmer as retail frenzy unsettles outlookAustralia's S&P/ASX 200 benchmark was up 0.81% and South Korea's KOSPI up 0.79%, adding to a rally in the previous session. Japan's Nikkei futures rose 0.6% and Hong Kong's Hang Seng index futures eased 0.1%.
from Stocks… Read MoreNo smoke rings and ITC gains 6%“Barring consumer business, ITC’s cigarettes and hotel businesses are yet to recover, and it may take two-three quarters before things gets normalised,” said Pankaj Pandey, head of research, ICICI Securities.
from Stocks-Mar… Read MoreScrappage policy: Leyland, TaMo, M&M, Cummins lead auto gains“Ashok Leyland will be the biggest beneficiary, followed by M&M and Tata Motors,” said Aditya Jhawar, analyst at Investec.
from Stocks-Markets-Economic Times https://ift.tt/2NZhFdV
… Read MoreGovernment’s massive borrowing loads pressure on RBI to tame yieldsBonds sold off on the announcement of government borrowing, with the benchmark 10-year yield rising 16 basis points to 6.06% while the 5.15% 2025 bond yield rose 27 basis points.
from Stocks-Markets-Economic Times https://if… Read MoreGovt unlocks banking, sets stocks free to soar higherGiven the budget’s accent on boosting infrastructure, the bets are on lenders that will play key roles in bankrolling them. HDFC Bank and ICICI Bank are top picks for D-Street.
from Stocks-Markets-Economic Times https://ift.… Read More
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