Wall Street rallied on Friday to end a volatile week, as US Treasury yields eased and economic data helped investors look past the growing likelihood that the Federal Reserve will have to keep its restrictive policy in place until late in the year. Tokyo stocks opened higher on Monday, tracking Wall Street rallies that were helped partly by a slide in Treasury bond yields.The benchmark Nikkei 225 index was up 0.91 percent, or 253.70 points, at 28,181.17 in early trade, while the broader Topix index added 0.66 percent, or 13.35 points, to 2,032.87. ![]() rate outlook from the world’s most powerful central banker, and a jobs report that could decide if the next hike needs to be super-sized. INR opens at 81,77/$ vs Friday’s close of 81.97/$Īsian shares edged up on Monday while bond markets held their breath ahead of an update on the U.S. Rise in daily COVID cases, speculation of complete lockdown in the Maharashtra state.Sensex Ends 344 pts Lower Nifty Slips Below 17K PSU Bank, Metal, IT Worst Hitīesides, shares of Kansai Nerolac Paints gained over 1 per cent after the company acquired 40 percent stake in Nerofix from Polygel. ĭriven by the weak economic outlook as predicted by the United States Federal Reserve. ĭriven by the COVID-19 pandemic after WHO declared it a pandemic. ĭriven by the Union Budget FY 2020 and coronavirus pandemic which saw global breakdown a day before the budget. Panic Fall, due to Oil price Increase and rupee fall against US Dollar.ĭue to Multiple PSU Bank Merger Announcements. ĭriven by the 2018 Union budget of India and Global breakdown. Moneycontrol - The company has to shed its over-reliance on the telecom and enterprise businesses, and capture large cost takeout deals, said analysts. ĭriven by the Demonetization move by the Indian Government and the 2016 US Election Results. ĭriven by the meltdown in the Chinese Stock market. Crashes also occurred in Thailand, Indonesia, South Korea and Philippines.ĭue to depreciation of the Indian rupee. Investors deserted emerging Asian shares during the Asian Financial Crisis.
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