Asian Markets trading mixed on Wednesday - Microsec

Asian Market is trading mixed as Hang Seng was down by 0.25% while Nikkei 225 was up by 1.70% and Chinese markets were up by 0.28 %. Asian stocks dropped for a third day as a decline in shares of raw-material producers offset a surge in Japanese equities as the central bank began a two-day policy meeting.

Overnight U.S. markets were up by 0.61%. SGX Nifty at 8:00AM was trading at 5740 with a loss of 27 points.

This deal between Reliance Jio with Rcom worth INR1200crores may be a truce between Ambani brothers and hence it may give a sign that Mukesh Ambani may show some interest in ADAG stocks like RPower Relinfra, Reliance Capital beside RComm.

Source : Equity Bulls

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