Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Market / Stock-market-news/  Opening Bell | Global markets show signs of easing
BackBack

Opening Bell | Global markets show signs of easing

Asian markets rebound from a three-year low amid signs of stabilization in the Chinese markets and speculation this year's sell-off has gone too far

A file photo of the BSE building in Mumbai. Photo: Hemant Mishra/Mint Premium
A file photo of the BSE building in Mumbai. Photo: Hemant Mishra/Mint

Asian markets trade marginally higher

Asian markets rebound from a three-year low amid signs of stabilization in the Chinese markets and speculation this year’s sell-off has gone too far. China’s Shanghai Composite declined 0.5%, Japan’s Nikkei Stock Average was up 0.7% while Hong Kong’s Hang Seng gained 0.2%.

US markets close higher

US stocks closed higher on Thursday, stabilizing after a steep sell-off, helped by some recovery in oil prices and comments from Fed policymakers that indicated possibility of an even more gradual pace of tightening. Dow Jones Industrial Average, Nasdaq Composite and S&P 500 were up around 2% each.

Crude slump may hurt ONGC’s earnings

ONGC Ltd shares will be under pressure as it is close to suffering losses as oil prices have collapsed to the level comparable to its cost of production. Brent crude has fallen to almost $30 per barrel, reports Economic Times.

Infosys reports higher than expected dollar revenue growth

Infosys Ltd reported higher-than-expected dollar revenue growth of 0.6% sequentially to $2.41 billion in the December quarter, and raised its growth outlook for the current fiscal year between 8.9% and 9.3%, up from its earlier forecast of an at-best 8.4% expansion, read more.

Emerging market outflows and yuan slide weigh on the rupee

The rupee weakened to an over two-year low of 67.3 per dollar on Thursday as a sell-off in most emerging market equities and currencies triggered outflows from the domestic stock market. Concerns of another yuan devaluation also kept investors edgy.

M&M Ltd to beat diesel ban

Mahindra and Mahindra Ltd (M&M) shares will be in focus as it has found a way to go around the Supreme Court order suspending registration of vehicles strapped with diesel engines bigger than 2.0 litres, by introducing the engine of 1.9 litres, bringing it within the limits set by the court, reports Economic Times.

Bharti and Vodaone to deploy VOLTE

Bharti Airtel Ltd and Vodafone are preparing to deploy Voice over LTE (VOLTE) technology on their networks association with Finnish gear maker Nokia to take on Reliance Jio Infocomm, which is expected to start operations soon with services based on similar technology, reports Economic Times.

Direct benefit transfer scheme to get a boost

Lastly, in a move that would facilitate more effective implementation of the direct benefit transfer scheme, the Reserve Bank of India has clarified that banks can seed accounts with Aadhaar unique identity numbers in case the beneficiary agrees, read more.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 15 Jan 2016, 08:22 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App