Stock Market News Today Live Updates: GIFT Nifty Points To Gap-Up Open For Nifty, Sensex; Brent Crude Falls 4% To $96 A Barrel

• The RBI announced a dividend payout of about Rs 2.87–2.9 lakh crore, broadly in line with expectations.
• Brokerages said the payout reflects gains from higher interest rates and forex operations, while maintaining the risk buffer under the economic capital framework.
• They noted the dividend may support government finances, though pressures from subsidies and duty cuts remain.

• CLSA maintained Outperform, citing strong Q4 performance and support from India operations and Novelis, while Kotak retained Reduce despite a beat across divisions.
• Citi and Investec maintained Neutral/Hold views, noting broad-based earnings growth, strong alumina and Novelis performance, along with ongoing capex and debt build-up.
• Brokerages flagged mixed factors including commodity price volatility, hedging impact, and execution of expansion projects as key monitorables.

• Macquarie retained its Outperform rating on HDFC Life with a target price of Rs 900.
• The brokerage said FY26 saw weak VNB growth, but expects recovery in FY27 led by improvement in product mix and easing impact from the HDFC Bank merger.
• Growth is seen improving with distribution strength, while regulatory changes and IFRS transition remain key monitorables.

• Citi retained its Buy rating on Fortis Healthcare with a target price of Rs 1,120.
• The brokerage noted strong Q4 performance led by steady growth in the hospitals segment.
• Margins remained stable despite bed expansion, with continued traction in diagnostics.

• Morgan Stanley and Bernstein retained neutral stances, citing inline Q4 performance, capacity expansion plans and margin impact from commodity costs and competitive pressure.
• HSBC, CLSA and Jefferies maintained positive ratings, highlighting sustained demand, premium product mix, and ongoing capacity expansion to support growth.
• Brokerages flagged near-term margin pressure from input costs, while noting long-term growth supported by scale-up, new launches and expansion plans.

• Kotak Securities maintained a Sell rating with a target price of Rs 5,850, citing slower growth in Q4 and awaiting new product launches.
• Citi maintained a Buy rating with a target of Rs 9,140, highlighting capex expansion and a strong pipeline supporting growth outlook.
• Morgan Stanley retained Overweight with a target of Rs 7,904, expecting custom synthesis and peptide scale-up to drive growth.

• Brokerages largely view Dalmia Bharat’s acquisition of Jaiprakash Associates’ cement assets as positive for capacity expansion and geographic diversification.
• HSBC, CLSA, Jefferies and Citi maintained positive ratings, citing improved growth visibility, added clinker capacity and stronger presence in Central India.
• Morgan Stanley maintained an Underweight rating, flagging execution risks, additional capex needs and weaker margin visibility despite the strategic benefits of the deal.

• CLSA and HSBC maintained Hold ratings and raised target prices, citing growth from pricing, premium products and higher advertising spends.
• Jefferies retained a Buy rating with a higher target price of Rs 2,600, noting growth driven by volume and pricing mix.
• Brokerages flagged stable margins, continued focus on premiumisation, and higher ad spending impacting profitability.

• Morgan Stanley retained its Overweight rating on Bajaj Finance with a target price of Rs 1,120.
• The brokerage said management highlighted improving rural recovery and stable borrower quality, while maintaining AUM growth guidance of 22–24%.
• Net interest margins are expected to face pressure due to higher funding costs, with credit cost guidance at 1.45–1.60% and asset quality seen stable.

• Macquarie retained its Outperform rating on Axis Bank with a target price of Rs 1,500.
• The brokerage said the bank has built buffers to absorb potential asset quality stress, with slippages mainly in unsecured segments.
• Margins have moderated, but management has guided for around 3.8% NIM in FY26, supported by a shift towards retail lending and lower international exposure.

• Price band for Nibe has been reduced from 20% to 10%.
• Ideaforge Technology, Baazar Style Retail and Unimech Aerospace have been added to the short-term ASM framework.
• KDDL, Nibe and United Foodbrands have been removed from the ASM framework.

• Promoter entities pledged shares in MTAR Technologies, NRB Bearings and Paisalo Digital, including pledges by Trilochan Singh Sahney Trust and promoters of Paisalo Digital.
• Rapid Holdings 2 Pte sold 3.04 crore shares in Energy Infrastructure Trust at Rs 76.09 per share.
• Insider buying was seen in Winsome Textile and Jaro Institute, with purchases by Shilpa Bagrodia and Sanjay Namdeo Salunkhe.

• Multiple institutional investors, including HSBC Mutual Fund, ICICI Prudential entities, Morgan Stanley and Franklin Templeton funds, bought shares at Rs 144 per share.
• Madison India Opportunities IV sold 2.47 crore shares at the same price.
• Buyers included global funds and domestic institutions participating in the block deal.

• Edelweiss Mutual Fund and 3P India Equity funds bought shares at Rs 1,580 per share in block deals.
• Berjis Minoo Desai sold 6 lakh shares at the same price.
• The transactions involved both domestic funds and existing investors.

• AP Asia Opportunistic Holdings sold shares, including a transaction of 4.28 crore shares, at Rs 124 per share.
• Several institutional investors bought shares at the same price, including ICICI Prudential Mutual Fund, SBI Mutual Fund, Amundi Funds, and Goldman Sachs funds.
• Other buyers included Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund and international investors such as New York State Teachers Retirement System.

• Multiple institutional investors bought shares of One 97 Communications at Rs 1,120.65 per share through block deals.
• Key buyers included Societe Generale, Nippon India Mutual Fund, Goldman Sachs, BNP Paribas, and Citigroup entities.
• Existing investors such as SAIF Partners, SAIF III Mauritius, and Elevation Capital sold shares at the same price.

Narayana Hrudayalaya (Q4, Consolidated YoY)

• Net profit up 16.3% to Rs 228 crore versus Rs 196 crore.

• Revenue up 75.9% to Rs 2,594 crore versus Rs 1,475 crore.

• Ebitda up 42.6% to Rs 510.1 crore versus Rs 357.8 crore.

• Margin at 19.7% versus 24.3%.

• Board declared final dividend of Rs 4.50/share.

• Approved NCD issuance of up to Rs 1,500 crore.

Yatra Online (Q4, QoQ)

• Net profit down 1.2% to Rs 8.2 crore versus Rs 8.3 crore.

• Revenue down 26.4% to Rs 189 crore versus Rs 256.8 crore.

• Ebitda down 51.3% to Rs 10.9 crore versus Rs 22.4 crore.

• Margin at 5.8% versus 8.7%.

Sarda Energy (Q4, Consolidated YoY)

• Net profit up 45.9% to Rs 158 crore versus Rs 108.3 crore.

• Revenue up 1.2% to Rs 1,253.6 crore versus Rs 1,238.8 crore.

• Ebitda up 28.5% to Rs 347.6 crore versus Rs 270.5 crore.

• Margin at 27.7% versus 21.8%.

• Board declared dividend of Rs 2/share.

JK Cement (Q4, Consolidated YoY)

• Net profit down 8.4% to Rs 330.9 crore versus Rs 361.3 crore.

• Revenue up 8.6% to Rs 3,887.5 crore versus Rs 3,581.2 crore.

• Ebitda down 10.8% to Rs 682.7 crore versus Rs 765 crore.

• Margin at 17.6% versus 21.4%.

Century Plyboards (Q4, Consolidated YoY)

• Revenue up 24.5% to Rs 1,492 crore versus Rs 1,198 crore.

• Ebitda up 31.8% to Rs 177.4 crore versus Rs 134.6 crore.

• Margin at 11.9% versus 11.2%.

• Net profit up 48.8% to Rs 78.1 crore versus Rs 52.5 crore.

Torrent Pharma (Q4, Consolidated YoY)

• Revenue up 41.8% to Rs 4,197 crore versus Rs 2,959 crore.

• Ebitda up 40.7% to Rs 1,356 crore versus Rs 964 crore.

• Margin at 32.3% versus 32.6%.

• Net profit down 21.9% to Rs 389 crore versus Rs 498 crore.

• Company recorded one-time loss of Rs 66 crore in Q4.

• Board declared final dividend of Rs 9/share.

• Approved fundraising of up to Rs 5,000 crore via QIP and other modes.

Eicher Motors (Q4, Consolidated YoY)

• Revenue up 16% to Rs 6,080 crore versus Rs 5,241 crore.

• Ebitda up 20.3% to Rs 1,514 crore versus Rs 1,258 crore.

• Margin at 24.9% versus 24%.

• Net profit up 11.6% to Rs 1,520 crore versus Rs 1,362 crore.

• Tax expenses rose to Rs 417 crore versus Rs 307 crore.

• Board declared final dividend of Rs 82/share.

Colgate-Palmolive (Q4, YoY)

• Revenue up 7.3% to Rs 1,595 crore versus Rs 1,486 crore.

• Ebitda down 2.3% to Rs 510 crore versus Rs 522 crore.

• Margin at 31.9% versus 35.1%.

• Net profit down 0.6% to Rs 353 crore versus Rs 355 crore.

• Board declared second interim dividend of Rs 24/share.

• Jacob Sebastian Madukkakuzy reappointed Whole-time Director and CFO for five years.

Hindalco Industries (Q4, Consolidated QoQ)

• Revenue up 17.5% to Rs 78,133 crore versus Rs 66,521 crore.

• Ebitda up 25.3% to Rs 10,018 crore versus Rs 7,994 crore.

• Margin at 12.8% versus 12%.

• Net profit up 26.7% to Rs 2,597 crore versus Rs 2,049 crore.

• Company took one-time loss of Rs 4,171 crore in Q4.

• Board declared final dividend of Rs 5/share.

NTPC Green (Q4, Consolidated YoY)

• Revenue up 46.7% to Rs 912.6 crore versus Rs 622.3 crore.

• Ebitda up 38.3% to Rs 774.5 crore versus Rs 560.1 crore.

• Margin at 84.9% versus 90%.

• Net profit down 15.5% to Rs 197 crore versus Rs 233 crore.

• Plans to raise up to Rs 5,000 crore via NCDs.

• To incorporate JV with CtrlS Datacenters.

Precision Camshafts (Q4, Consolidated YoY)

• Revenue up 5.6% to Rs 201 crore versus Rs 190.4 crore.

• Ebitda up 2.3% to Rs 26.3 crore versus Rs 25.7 crore.

• Margin at 13.1% versus 13.5%.

• Net profit down 75% to Rs 10.1 crore versus Rs 40.4 crore.

Maharashtra Seamless (Q4, Consolidated YoY)

• Revenue down 9.7% to Rs 1,280 crore versus Rs 1,418 crore.

• Ebitda down 16.7% to Rs 237.7 crore versus Rs 285.2 crore.

• Margin at 18.6% versus 20.1%.

• Net profit down 57.4% to Rs 103 crore versus Rs 242 crore.

• Board declared dividend of Rs 10/share.

Greenlam Industries (Q4, Consolidated YoY)

• Revenue up 25.8% to Rs 858 crore versus Rs 682 crore.

• Ebitda up 69.1% to Rs 108.2 crore versus Rs 64 crore.

• Margin at 12.6% versus 9.4%.

• Net profit at Rs 40.6 crore versus Rs 1.5 crore.

Ramco Cements (Q4, Consolidated YoY)

• Revenue up 8.9% to Rs 2,610 crore versus Rs 2,397.3 crore.

• Ebitda up 16.1% to Rs 370.6 crore versus Rs 319.2 crore.

• Margin at 14.2% versus 13.3%.

• Net profit at Rs 151 crore versus Rs 27.4 crore.

• Company recorded one-time gain of Rs 74.2 crore.

• Board declared dividend of Rs 2.50/share.

Kolte-Patil Developers (Q4, Consolidated YoY)

• Revenue down 65.4% to Rs 249 crore versus Rs 719 crore.

• Ebitda loss at Rs 6 crore versus profit of Rs 106 crore.

• Net loss at Rs 15.8 crore versus profit of Rs 65.3 crore.

Ellenbarrie Industrial (Q4, YoY)

• Revenue up 5.9% to Rs 87.4 crore versus Rs 82.5 crore.

• Net profit up 25.8% to Rs 22.9 crore versus Rs 18.2 crore.

Motisons Jewellers (Q4, YoY)

• Revenue up 15.7% to Rs 137.5 crore versus Rs 118.8 crore.

• Ebitda down 55.1% to Rs 8.3 crore versus Rs 18.5 crore.

• Margin at 6.1% versus 15.5%.

• Net profit down 25.2% to Rs 8.3 crore versus Rs 11.1 crore.

Unichem Lab (Q4, Consolidated YoY)

• Revenue down 2% to Rs 575 crore versus Rs 587 crore.

• Ebitda down 43% to Rs 47.7 crore versus Rs 83.7 crore.

• Margin at 8.3% versus 14.3%.

• Net profit down 79.4% to Rs 10.9 crore versus Rs 53 crore.

Fortis Healthcare (Q4, Consolidated YoY)

• Revenue up 17.8% to Rs 2,365 crore versus Rs 2,007 crore.

• Ebitda up 22.3% to Rs 532.3 crore versus Rs 435.4 crore.

• Margin at 22.5% versus 21.7%.

• Net profit up 44.6% to Rs 266 crore versus Rs 184 crore.

Indigo Paints (Q4, Consolidated YoY)

• Revenue up 9.5% to Rs 425 crore versus Rs 388 crore.

• Ebitda up 9.4% to Rs 95.6 crore versus Rs 87.4 crore.

• Margin at 22.5% versus 22.6%.

• Net profit up 1.4% to Rs 57.7 crore versus Rs 56.9 crore.

Tarsons Products (Q4, Consolidated YoY)

• Revenue up 7.3% to Rs 120.9 crore versus Rs 112.7 crore.

• Ebitda down 7.3% to Rs 34.3 crore versus Rs 37 crore.

• Margin at 28.4% versus 32.9%.

• Net profit down 58.8% to Rs 4.2 crore versus Rs 10.2 crore.

All Time Plastics (Q4, Consolidated YoY)

• Revenue down 1.7% to Rs 145.8 crore versus Rs 148.3 crore.

• Ebitda down 11.2% to Rs 21.5 crore versus Rs 24.2 crore.

• Margin at 14.8% versus 16.3%.

• Net profit down 4.1% to Rs 9.3 crore versus Rs 9.7 crore.

• Larsen & Toubro: Independent Director Sanjeev Aga ceased from the board on May 24, 2026 after completing his second and final term.

• Camlin Fine Sciences: Company shut Dahej Diphenol plant due to raw material issues; facility contributed 5.06% to FY25 turnover. Fire incident led to insured loss of about Rs 2 crore. Ethyl Vanillin production restart expected within 48 hours.

• Ashok Leyland: Senior management personnel Gopal Mahadevan to retire on superannuation effective May 31, 2026.

• Marine Electricals: Partnership firm Narhari Engineering Works converted into MEL Heavy Industries Pvt Ltd effective May 22, 2026; company continues to hold 99% stake.

• Kajaria Ceramics: Gailpur Plant COO Dr Rajveer Choudhary resigned effective May 23, 2026. Company appointed Parag Goel as President–Operations effective May 26, 2026.

• Salasar Techno Engineering: NCLT Kolkata approved amalgamation of EMC Ltd with the company.

• Anupam Rasayan: Approved acquisition of up to 74.2% stake in Bliss GVS Pharma at Rs 299/share through SPA and open offer. Deal size could total about Rs 1,369.51 crore. Deputy CFO and KMP Vishal Thakkar resigned effective May 23, 2026.

• Reliance Infrastructure: Appointed Vijesh Babu Thota as CEO and Asheesh Chaturvedi as CFO. Board approved fundraising of up to Rs 3,000 crore via QIP/FPO.

• Fusion Finance: Independent Director Ratna Dharashree Vishwanathan completed second and final term effective May 23, 2026.

• Universal Cables: Approved Rs 73 crore capex for EHV cable facility upgrade and fundraising up to Rs 200 crore via NCDs.

• Vindhya Telelinks: Approved fundraising up to Rs 200 crore via NCDs and Rs 65 crore capex for optical fibre capacity expansion.

• Studds Accessories: Board approved CFO transition of Bharat Goyal.

• Texmaco Rail & Engineering: Received Rs 28.58 crore LoA from Vedanta Aluminium for supply of alumina wagons and brake van. Order to be executed within six months.

• HBL Engineering: Said Q4 profitability declined due to Kavach contract mix and cost provisions. Expects FY27 sales and profit to be significantly higher despite quarterly volatility.

• Aurobindo Pharma: US FDA classified Eugia Pharma Unit I facility as OAI following February 2026 inspection with four observations.

• Crompton Greaves Consumer Electricals: Consumer commission ordered payment of Rs 17,600 in product defect case.

• Nibe: Inaugurated defence manufacturing complex in Shirdi, Maharashtra and showcased Suryastra rocket system and ammunition facilities. Project expected to create about 3,000 jobs.

• Solarworld Energy Solutions: Chairperson and Independent Director Rini Chordia resigned effective May 26, 2026.

• SPIC: Appointed Narasimhan Raghunathan as CFO effective May 23, 2026.

• Linde India: Stake in Zenataris Renewable Energy reduced to 19.18% from 27% after further equity allotment.

• Gokaldas Exports: Enhanced corporate guarantee limit for BRFL Textiles to Rs 400 crore from Rs 300 crore.

• Godavari Biorefineries: Appointed Dinesh Sharma as Whole-Time Director for three years.

• Persistent Systems: Subsidiary Aepona Group incorporated PerSys Estonia OÜ in Estonia to expand European presence.

• Tega Industries: Executed Rs 1,500 crore term loan agreement to finance proposed Molycop acquisition.

• Windsor Machines: Completed acquisition of land in Rajkot worth Rs 55 crore.

• Glenmark Pharma: US arm agreed settlement of $29.63 million in generic drug antitrust cases, payable over five years.

• Chambal Fertilisers: Vice President–Strategy Anand Gupta resigned.

• Tata Communications: Incorporated wholly-owned step-down subsidiary in Türkiye for IoT integration and IT support services.

• Kajaria Ceramics: Seeking shareholder approval for buyback of up to 21.5 lakh shares at Rs 1,380/share; total size up to Rs 296.7 crore.

• Baazar Style Retail: Opened new store in Bihar, taking total store count to 273.

• RailTel: Received Rs 31.21 crore LoI from Newspace India Ltd for IT infrastructure project.

• Lemon Tree Hotels: Received detailed CCI order approving acquisition and restructuring involving Fleur Hotels.

• Jaiprakash Power Ventures: Jaiprakash Associates signed agreement with Adani Power for transfer of 24% stake in the company worth about Rs 2,993.59 crore.

• Elgi Equipments: CRISIL reaffirmed long-term rating at AA/Stable and short-term rating at A1 .

• PTC India: CRISIL reaffirmed short-term rating at A1 .

• NIIT: NCLT Chandigarh approved merger of NIIT IFBI and RPS Consulting into NIIT Ltd.

• Dredging Corporation of India: Jasmeet Singh Bindra appointed Chairman of Visakhapatnam Port Authority for five years.

• Gaudium IVF and Women Health: NCLT New Delhi rejected insolvency petition filed by operational creditor Ramaa Capital.

• Zaggle Prepaid Ocean Services: CTO Srikanth Gaddam resigned due to personal reasons.

• NBCC: Secured work orders worth about Rs 42.55 crore.

• Sical Logistics: Approved credit facilities of up to Rs 115 crore from Axis Bank.

• Eveready Industries: Delhi High Court stayed lower court order related to UCO Bank Building dispute.

• Rashi Peripherals: Customs department dropped Rs 3.53 crore demand related to imported goods classification.

• SEPC: MOIL cancelled Rs 230 crore work order. Company also received SEBI warning over disclosure delays.

• Sterlite Technologies: Subsidiary received multi-year award letter with estimated potential contract value of $1.1 billion.

• Lupin: Received Chinese approval for Oseltamivir Phosphate Oral Suspension, marking entry into Chinese market.

• Laxmi Organic: Commissioned new Ethyl Acetate plant in Maharashtra.

• GR Infraprojects: Promoters to undertake inter-se share transfer through gift among family members with no change in control.

• Wipro: Fixed June 5 as record date for Rs 15,000 crore buyback.

• Goodluck India: Secured international order worth $13.6 million for transmission line structures.

• Central Bank of India: OFS subscribed 236% by non-retail investors on Day 1; offer size increased.

• Max Healthcare: CCI ruled no abuse of dominant position case against hospitals in its network.

• Oil India: Discovered new gas well in Rajasthan with average inflow of 25,000 SCMD.

• Welspun Enterprises: Received GST show-cause notices involving tax and penalty demand of about Rs 180 crore each.

• Gabriel India: Scheme involving Anchemco India and Asia Investments became effective.

• Goldiam International: Board to meet May 27 to consider bonus issue.

• RBL Bank: Emirates NBD launched open offer to acquire up to 26% stake at Rs 282.38/share.

• Hindustan Foods: Promoters increased stake to 18.62%.

• Indus Towers: CFO Vikas Poddar resigned effective August 18.

• GOCL Corp: Received NSE no-observation letter for merger of Hinduja National Power.

• PNC Infratech: Received Rs 228 crore TDS refund related to NHAI settlement.

• Samvardhana Motherson: Subsidiary SMR Auto-Japan to merge into holding company Misato.

• TVS Motor: Acquired 4.9% stake in Jana Small Finance Bank.

• TVS Supply Chain: Arm FIT 3PL Warehousing allotted 40,000 shares for Rs 59.6 crore.

• Black Box: UAE arm incorporated subsidiary in Saudi Arabia; Black Box DMCC ceased to be associate.

• Maruti Suzuki: Recalling 26 Super Carry vehicles due to seat adjuster defect.

• South Indian Bank: Board approved panel of candidates for MD and CEO posts.

• IRFC: Signed $1.1 billion ECB loan agreement with consortium of banks.

• Lemon Tree Hotels: Coastal Cedar Investments acquired 41.09% stake in Fleur Hotels.

• Gujarat Themis Biosyn: Arm to acquire 100% stake in MicroBiopharm Japan for about Rs 1,300 crore.

• MAS Financial: Raised Rs 360 crore via NCDs from FMO.

• Minda Corp: Signed pact to gain operational control over Minda Vast Access Systems JV.

• ICICI Bank: RBI approved reappointment of Sandeep Bakhshi as MD and CEO for two years from October 4.

• GIFT Nifty points to a positive opening, with range-bound trade expected.
• Asian markets opened higher, with the Nikkei gaining amid easing inflation data.
• Oil is set for a weekly decline, while gold remains steady.
• Optimism continues around US-Iran talks, though uncertainty persists over Tehran’s nuclear programme.
• The rupee remains volatile, while FIIs have been net sellers in the cash market for a third straight day with short positions at 88%.

• Camlin Fine Sciences said its diphenol unit in Gujarat will remain shut following a fire incident on Saturday.
• The company expects a loss of about Rs 2 crore and said restart will depend on improvement in the geopolitical situation.
• It added the shutdown is not expected to impact downstream product output and overall operations remain normal.

• FTSE Emerging Market All Cap Index has added Lenskart, Groww, Tata Capital, ICICI Prudential AMC, and LG India.
• Reliance Industries’ weightage in the index has been reduced, while Bharti Airtel’s weightage has been increased.
• The changes are based on updates tracked by JPMorgan.

• Analysts expect gold prices to move within a limited range as markets track developments in US-Iran talks and upcoming US macroeconomic data.
• Silver is seen holding firm amid ongoing geopolitical uncertainty and elevated energy prices.
• On MCX, gold futures ended the week at Rs 1.58 lakh per 10 grams, while silver settled at Rs 2.71 lakh per kg; domestic markets will remain shut in the morning session on Thursday for Bakri Id.

• The government has approved export of 8,606 tonnes of raw cane sugar to the United States under a tariff quota scheme.
• The DGFT said the quota applies from October 1, 2025 to September 30, 2026.
• Sugar exports remain restricted otherwise, with a ban in place until September 30 this year.

• US Secretary of State Marco Rubio said the United States and India are close to finalising a trade agreement.
• He stated the proposed deal would be beneficial and sustainable, addressing the strategic and economic interests of both countries.
• Rubio’s comments came after talks with External Affairs Minister S. Jaishankar during his visit to New Delhi.

• GIFT Nifty traded at 23,989.50, indicating a higher opening for the Nifty 50.
• This compares with Friday’s Nifty close of 23,719.30.

• Oil prices continued to decline after falling sharply last week, with US crude down over 8% and Brent falling more than 5% during the period.
• The drop followed comments by Donald Trump that planned US airstrikes on Iran were halted to allow more time for talks.
• On Monday, WTI crude fell about 5% to $91.65 a barrel, while Brent also declined around 5% to $98.30 a barrel.

• Trading remained closed in Hong Kong and South Korea due to public holidays.
• U.S. markets were also shut on Monday for Memorial Day.

• Japan’s Nikkei 225 rose 2.75% to 65,081.96, moving past the 65,000 mark for the first time and setting a record high.
• The Topix index also gained 0.65% during the session.
• Gains came as easing oil prices lifted risk appetite after reports indicated progress on reopening the Strait of Hormuz.