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Asian shares opened positive but gave up their gains. The stocks were up as May US payrolls report showed the recovery on track, but not so hot that it might bring forward a policy tapering from the Federal Reserve. MSCI's broadest index of Asia-Pacific shares outside Japan was down by 0.29 per cent.
Nifty 200 momentum beats Nifty, strategy indices on returns chartData show that more often than not, swimming against the tide might yield subpar returns. Historical yields on the momentum index — a gauge that captures the performance of stocks in favour — have generally exceeded those of … Read MorePhonePe is planning to enter the stockbroking businessPhonePe intends to tap its existing customer base to leapfrog established players Zerodha and Upstox and new rivals Paytm Money in the stockbroking business.
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… Read MoreMFs buy select tech, pharma and auto ancillaryRelatively attractive valuation, improving demand in automotive industry, rising investments in research and development, and increasing deals with top-notch original equipment manufacturers augur well for software company KP… Read MoreStocks in the news: Infosys, Wipro, Adani Enterprises, RCF, Dixon, Route Mobile and Apollo TyresHDFC Bank said it is planning to raise up Rs 50,000 crore during the next 12 months through issuing bonds.
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… Read MoreAsian equities defensive after tech selloff on Wall StreetMSCI's broadest index of Asia-Pacific shares outside Japan paused after two straight days of gains.
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