Investors globally were concerned about an escalation in China-US tensions as China has objected to Pelosi's visit to Taiwan, given it regards the self-governed island as a breakaway province.
Multi Commodity Exchange of India Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 6785.08 Crore) operating in Financial Services sector.
The winemaker is looking to go public at a time when IPOs have dried up in India, as in much of the world, amid concerns of a recession. Young retail traders who helped drive the local stock market over the past couple years have been burned in recent months by plunges in high-flying tech unicorns such as Zomato Ltd. and Paytm parent One 97 Communications Ltd.
Shares of Clean Science (Rs 3.25 per share), Navneet Education (Rs 1.5 per share), The Anup Engineering (Rs 8 per share), Vinyl Chemicals (Rs 5 per share), Emkay Global (Rs 1.25 per share), IP Rings (Rs 2 per share), TCFC Finance (Rs 1.2 per share) and Sayaji Industries (Re 1 per share) had announced final dividends. The stocks went ex-dividend on Friday.
Asian stocks opened in deep red on Tuesday on fresh geopolitical worries after US House Speaker Nancy Pelosi's potential visit to Taiwan sparked fresh tensions between China and the United States. MSCI's index of Asia-Pacific shares outside Japan was down by 1.49 per cent.
The benchmark 10-year U.S. Treasury yield fell as low as 2.53% in Tokyo trade, the lowest since April 5, amid wagers the slowdown could spur the U.S. Federal Reserve to ease its foot off the policy-tightening pedal. The bonds also benefited from safety-seeking demand before Pelosi's Taiwan visit, analysts said.
Adani Green, Siemens, Indus Towers, Bosch, Godrej Properties, Voltas, Deepak Nitrite, Thermax, Bank of India, Brigade Enterprises, Saregama and Shyam Metalik are among the companies that will announce their earnings for the quarter ended June 2022.
Wong, who said this repricing of expectations for Fed rate hikes was probably overdone, added that somewhat lower energy prices were also helping the yen, since Japan was a net importer of energy. The currency was also benefiting from some safe-haven flows due to worries about Pelosi's visit.