Asian stocks in tight range as global rally stalls

Shares in Japan and Australia edged up while those in South Korea retreated. The S&P 500, Nasdaq 100 and a gauge of global stocks each dropped 0.3% Wednesday, extending declines from the prior day.

Shares in Japan and Australia edged up while those in South Korea retreated. The S&P 500, Nasdaq 100 and a gauge of global stocks each dropped 0.3% Wednesday, extending declines from the prior day.

Brent traded above $69 a barrel after gaining 2.5% on Wednesday, while West Texas Intermediate was near $65.

White House officials said that the proposal for an equity stake was made when the companies proposed that a part of the loan repayment be pushed to later years.

Piper Sandler wrote in its note that although the trend of major gains in the US markets is not over yet, the risk-reward for the short-term appears unfavourable. Nomura advised bullish investors to continue hedging their bets.

Lenacapavir, developed by Gilead Sciences and approved earlier this year for HIV prevention under the brand name Yeztugo, is a twice-yearly injection that was nearly 100% effective at preventing HIV in large trials.

The refund amount includes interest of ₹8.89 crore, the company informed. Shares of New India Assurance Company Ltd ended at ₹195.50, down by ₹0.65, or 0.33%, on the BSE.

Shares of Gujarat Pipavav Port Ltd ended at ₹153.25, down by ₹2.70, or 1.73%, on the BSE.

NSE CEO Ashishkumar Chauhan said SEBI will consider stakeholder views before any move on curbing weekly expiries, adding that initial volume impact would normalise over time after consultation.

The subsidiary purchased 10.96 lakh compulsorily convertible preference shares and 16.44 lakh equity shares of the Mumbai-based textile company.

The investment involves 60 crore partly paid-up equity shares of face value ₹10 each, issued at par. Of this, ₹5 per share was paid on application, while the balance, ₹5 per share, will be payable on call. Shares of Waaree…