Market Bizzz

Asian stocks opened with mixed cues on Thursday on receding hopes for a breakthrough in the war in Ukraine. However, majority of them erased their early gains. MSCI’s index of Asia-Pacific shares outside Japan was down by 0.35 per cent.

Wireless subscriptions in urban areas decreased from 633.34 million at the end of December 2021 to 627.12 million at the end of January 2022 while the same in rural areas also decreased from 521.28 million to 518.13 million during the same period, according to the data put out by the regulator.

The telecom subscriber base in the country declined to 116.94 crore in January this year due to the loss of a 93.22 lakh mobile phone users by Reliance Jio, the TRAI data said.

Asian stocks opened mostly higher on Wednesday as the markets remained buoyant as global shares rallied on news that peace talks over Ukraine are making progress. However, Japan was trading lower. MSCI’s index of Asia-Pacific shares outside Japan was up by 0.96 per cent.

Hero MotoCorp said it will increase prices of its motorcycles and scooters by up to Rs 2,000 from April 5 to partially offset the impact of increasing commodity prices.

The dollar was kept on the back foot on Wednesday as hopes for a breakthrough in Russia-Ukraine peace talks lifted the euro, while the under-pressure yen steadied even as the Bank of Japan redoubled efforts to pin down bond yields.

Asian stocks opened higher on Tuesday, extending US gains on hopes over peace talks between Russia and Ukraine, while investors also bought shares to gain rights to receive dividends. MSCI’s index of Asia-Pacific shares outside Japan was up by 0.56 per cent.