Stock Market Updates

The tension between world powers over the Ukraine situation, which has developed into one of the deepest crises in East-West relations for decades, has been front-and-centre of investors' minds. Asian shares rallied on Wednesday as fears of a Russian invasion of the Ukraine this week dissipated after Moscow indicated it was returning some troops to base from exercises, delivering investors a measure of relief. The tension between world powers over the Ukraine situation, which has developed into one of the deepest crises in East-West relations for decades, has been front-and-centre of investors' minds. MSCI's broadest index of Asia-Pacific shares outside Japan surged 0.9% in early regional trade on Wednesday, playing catch-up with a rally in U.S. and European stocks on Tuesday. "If we continue to see signs that diplomacy is working and a de-escalation of tensions, I think we'll see a kind of reversal trade," said Kyle Rodda, a market analyst at IG in Melbourne.

Buy recommendations on One 97 Communications Ltd., the operator of Paytm, climbed to four this week, up from just two at the start of the year India’s pioneering digital payments startup  Paytm  is gradually regaining the confidence of some analysts after it had one of the worst debuts by a major technology company less than three months ago. Buy recommendations on One 97 Communications Ltd., the operator of Paytm, climbed to four this week, up from just two at the start of the year, while sell ratings have remained unchanged at three, according to data compiled by Bloomberg. It’s the first time bulls outnumbered bears since the company’s disastrous initial public offering in Mumbai during November. In the most-recent vote of confidence, Goldman Sachs analysts led by Manish Adukia raised their rating to buy from neutral, after Paytm’s December quarter revenue surprised the market. The investment bank’s target price of 1,460 rupees implies a gain of more than 50% from Monday’s close. St