Market Bizzz

Twitter Chief Executive Parag Agrawal last month tweeted he did not believe a calculation of fake and spam accounts could be performed outside the company, because it would require private information that Twitter cannot share.

Asian stocks traded mostly lower after a decent winning streak and overnight falls of US shares. Those trading higher were supported by a pick-up in tech stocks. MSCI’s index of Asia-Pacific shares outside Japan was down by 0.22 per cent.

Returning to profit in FY22 after witnessing heavy losses for two consecutive years, Yes Bank has kicked off the process of forming an alternate board as it has come out of the reconstruction scheme.

RBI will announce its monetary policy outcome today, which is will impact rate sensitive stocks including bank, NBFCs, housing finance companies, auto, real estate players.

The Dow Jones Industrial Average rose 264.36 points, or 0.8%, to 33,180.14, the S&P 500 gained 39.25 points, or 0.95%, to 4,160.68 and the Nasdaq Composite added 113.86 points, or 0.94%, to 12,175.23.

Top oil exporter Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman/Dubai quotes, just off an all-time peak recorded in May when prices hit highs due to worries of disruptions in Russian supplies.

India’s gold imports in May jumped 677% from a year ago to the highest level in a year, as correction in prices just before a key festival and wedding season boosted retail jewellery purchases, a government source said on Monday.