TCS Share Price Rises On Share Buyback Talks – India’s largest software service provider rose as much as 2.75 percent to Rs 1,830 after it announced that its board will meet on June 15 to consider buyback of shares. Meanwhile, Morgan Stanley has maintained its ‘overweight’ stance on the stock and has raised its target price to Rs 2,010 from Rs 1,825.
Mixed, Dollar Flat Before Fed Meeting
Asian stocks were mixed following a lackluster session in the U.S. as investors await the major central bank meetings this week, after shrugging at Tuesday’s North Korea summit.
Japanese shares Prices had a modest gain as the yen dipped, while equities fell in Australia and Hong Kong. Chinese shares declined, with ZTE Corp. plunging by its daily limit after it agreed to a $1 billion fine. Safe-haven assets including the yen and gold edged lower amid the prospects of diminishing geopolitical risks after President Donald Trump and Kim Jong Un pledged to work toward peace on the Korean peninsula.
