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Asian stocks rebound after upbeat US economic data

Updated at : 2024-08-30 07:30:02

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Equities in Australia and South Korea rose while those in Japan inched up. The MSCI Asia Pacific Index headed for a fourth month of gains as traders awaited a key US inflation report due Friday. Japan’s 10-year bond futures opened lower after data showed inflation in Tokyo quickened in August, backing the case for a further normalization of monetary policy.

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Adoption of technology has helped Sebi conduct extensive consultations before coming out with new rules, said Buch. "Imagine if we had tried to do this manually (on analysing the 6,000 comments received). We would have died!," she said

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"We have seen longs being added to the Nifty index, and there was a spike in the last hour, showing that there is momentum on the long side of the index, which was rolled over from August to September," said Chandan Taparia, head of technicals and derivatives at Motilal Oswal Financial Services. "Shorts were also covered before this expiry as the market came out of the consolidation phase."

The institutional demand for Premier Energies was second only to Tata Technologies. In November last year, the ₹3,042.5-crore IPO of Tata Technologies was subscribed 69.43 times, with institutional bidding amounting to ₹1.56 lakh crore.

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"Inefficiencies and opacity dog not only the Indian domestic investor; they also impact foreign portfolio investors (FPIs). While India fully moved to a T+1 settlement cycle in January 2023, most FPIs are only able to access their funds from sale of securities on T+2 or later," Sebi whole time member Ananth Narayan said. He was speaking at the Global Fintech Fest.

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​​As of June 30, Tencent Cloud Europe B.V. held a 4.26% stake in the company. Axis Mutual Fund, Mirae Asset MF, Marshall Wace Investment Strategies Eureka Fund, SBI MF and Goldman Sachs (Singapore) PTE-ODI were among some of the buyers.

Value fashion retailer Baazar Style Retail Ltd has raised Rs 250 crore from anchor investors ahead of its IPO opening for public subscription. The Rs 835-crore IPO, with a price band of Rs 370-389 per share, opens on August 30 and closes on September 3. Funds will be used for debt repayment and corporate purposes.

The stock had fallen more than 5% before the bell after Nvidia on Wednesday forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line.

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State-owned NHPC has received shareholders nod to raise its borrowing limit to Rs 50,000 crore in its annual general meeting held on Wednesday.

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The government has received about Rs 5,091 crore from Indian Oil Corp as dividend, the Department of Investment and Public Asset Management (DIPAM) said on Thursday.

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