Stocks in Asia and U.S. futures rose Tuesday amid a series of measures announced by China's central bank to spur growth and the prospect for faster tightening by the U.S. Federal Reserve.
Equities rose in Japan, Australia and South Korea. U.S. futures gained after stocks ended little changed on Monday. The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, rose 0.12% to 17,246.50 points as of 6:45 a.m.
The dollar held an advance. The yen is in the midst of a multi-decade losing streak. Oil traded around $108 a barrel while Bitcoin jumped to $41,000.
Here are the stocks to watch in today's trade:
Wipro: Appointed Satya Easwaran as country head for India.
Sanofi: The company appointed Rodolfo Hrosz as the Managing Director for three years with effect from June 1.
Mindtree/L&T Infotech: Reports about their merger are speculative, the companies said in an exchange filing.
Mishtann Foods: Approves issue of bonus shares in 1:1 ratio.
SJVN: The company has achieved financial closure by signing of loan agreement amounting to Rs 494 crore with Himachal Pradesh State Co-Operative Bank for development of 66 MW Dhaulasidh REP in Himachal Pradesh. The total project cost is Rs 688 crore.
Rail Vikas Nigam/Coal India: Rail Vikas Nigam signed memorandum of understanding with Mahanadi Coalfields, a subsidiary of Coal India, to consult on rail infrastructure works of the miner.
Ujjivan Financial Services: The bank appointed Radhakrishnan Ravi as the chief executive officer and chief financial officer, effective from April 19.
Indraprastha Gas Ltd: The company has received a letter from the Petroleum and Natural Gas Regulatory Board for development of a city gas distribution network in Banda, Chitrakoot and Mahoba districts of Uttar Pradesh.
Kirloskar Electric: Says its Tumkur, Karnataka unit extended layoff period of 14 staff out of 77 till June 10.
TVS Motor: Jwalamukhi Investment has sold 3.3 million shares of the Chennai-based automaker.
Earnings: L&T Infotech, ACC, Mastek, Tata Steel Long Products
Earnings post-market hours
Mindtree Q4 FY22 (Consolidated, QoQ)
Revenue up 5.4% at Rs 2,897.4 crore Vs Rs 2,750 crore
Net profit up 8% at Rs 473.1 crore Vs Rs 437.5 crore
EBIT up 3.8% at Rs 548.7 crore Vs Rs 529 crore
EBIT Margin 18.94% Vs 19.23%
Declared a final dividend of Rs 27 per share of face value of Rs.10.
Pledged Share Details
Max Financial Services: Promoter Max Ventures Investment Holdings revoked 1.5 lakh shares on April 12.
Bulk Deals
TVS Motors: Jwalamukhi Investment Holdings sold 32.62 lakh (0.68%) shares at Rs 650 apiece.
Trading Tweaks
Price band revised from 10% to 5%: Hexa Tradex
Ex-date face value split: Jubilant Foodworks
Ex-date interim dividend: IDFC Ltd
Moved into short-term ASM framework: Kohinoor Foods, Welspun
Moved out of short-term ASM framework: Spandana Sphoorty, Sadbhav Engineering
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