Oyo Hotels is reducing the shares it aims to sell via a stock-market debut by about two-thirds, an effort by its founder to get the sale done even after tech valuations plunged. , 03:28:23 PM IST SoftBank-Backed Oyo to Reduce Planned IPO Amid Tech Headwinds UK equities surged helped by a gain in bank stocks on renewed hopes that the turmoil in the sector will be contained following the buyout of Silicon Valley Bank, while Standard Chartered jumped after agreeing to sell its Jordanian business. Profits at industrial firms in China declined 22.9% in the first two months of 2023 from the year before, as the factory sector struggles to claw its way out of the slump caused by COVID-related disruptions.Įuropean stocks rallied in early deals as calm descended on markets following a turbulent week for banking shares that was fuelled by worries about stability in the sector after the collapse of Credit Suisse and Silicon Valley Bank. Hong Kong's benchmark Hang Seng Index was down 1.8%, and the China Enterprises Index lost 2.2%. The Nikkei ended the day 0.33% higher.Ĭhina and Hong Kong stocks fell led by Chinese state-owned enterprises and tech shares, as China's industrial profit slump and geopolitical tensions dented sentiment.Ĭhina's blue-chip CSI300 Index and the Shanghai Composite Index both closed down 0.4%. Japan's Nikkei index rose for the first time in three days with a weaker yen boosting sentiment in the exporter-heavy market.
Realty and Media indices shed more than a per cent each.Īsian shares were mixed on Monday after stocks on Wall Street shook off a weak start to end higher on Wall Street last week despite persisting worries over banks on both sides of the Atlantic. Adani Ports, SBI Life, Power Grid, Adani Enterprises and M&M lagged the most and shed more than a per cent each.Īmong sectoral indices, Pharma/healthcare sector gained more than a per cent. Grasim jumped 1.8% and was at the top of the Nifty 50 stock charts followed by Reliance which jumped more than 1.6% and Cipla which gained around 1.4%.
The S&P BSE index had crossed the 58,000 mark and Nifty 50 had gained almost 150 pts intraday. The S&P BSE Sensex rose 125 points to finish the day at 57,653. The Nifty 50 index was up 40 points to close at 16,985.
Federal Reserve and the European Central Bank said they are keeping a close watch on the impact of banking stress. Investors cheered as authorities globally took steps to contain the banking turmoil, helping dispel some of the contagion fears.įirst Citizens BancShares is to buy the collapsed Silicon Valley Bank, while the U.S. Indian shares rose on Monday but cut most of the gains in the final hour to end with minor gains of around 0.2%. , 03:43:54 PM IST Indices ended in green but shed most of the intraday gains as Sensex closes 125 pts higher and Nifty 40 pts
0 kommentar(er)
