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Asian shares edged higher today, with investors still picking up shares battered by last week's steep plunge, while the yen fell to fresh lows on news a reflationary advocate could head the Bank of Japan next month.The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent while Tokyo's Nikkei stock average opened 1.6 percent higher.
In the international markets, global equity markets rebounded on Friday, recovering some of the previous session's sharp losses, but the euro hit a six-week low against the dollar on renewed doubts about the health of the euro zone's financial system.
Wall Street ended higher, as comments from Federal Reserve officials allayed fears that the U.S. central bank would curtail its stimulus measures. The Dow Jones industrial average gained 0.86 percent, to 14,000. The Standard & Poor's 500 Index ended up 0.88 percent, at 1,516. The Nasdaq Composite Index was 0.97 percent, at 3,162.
Stocks fared better in Europe as investors looked to take advantage of the previous session's sharp sell-off, though traders cited some caution given the elections in Italy.The FTSEurofirst 300 closed up 1.2 percent at 1,165.
STOCKS TO WATCH
Tata Motors and Maruti Suzuki may see a red tick as the Competition Commission of India likely to pass an order against them for allegedly using their dominant position to sell spare parts only through authorised dealers, leading to exorbitant prices in the market.
ONGC will be in spotlight as Essar Energy wants to take full control of the Mehsana block in the eastern flank of the Cambay basin of Gujarat from its partner ONGC.
Bharti Airtel and Tata Communications may see a negative start follwoing CBI registering a case in a Delhi court against these companies for allegedly causing a loss of about Rs 48 crore to the government since 2004, by illegally providing international long-distance services.
Hindustan Copper will be reacting to the stake sale news which is likely to begin in the April-June quarter of 2013-14.
