Tata Motors (5.18%), Jio Financial Services (2.11%), Bajaj Finance (2.04%), Shriram Finance (1.85%) and Eternal (1.65%) were among the top gainers on the NIFTY50.

Howerver, Asian Paints (-3.97%), Sun Pharma (-2.10%), Bajaj Auto (-1.26%), ITC (-1.24%) and Grasim Industries (-1.14%) were among the top losers on the index.

SENSEX rose 105.71 points to settle at 80,746.78 in highly volatile trade on Wednesday, NIFTY advanced 34.80 points to 24,414.40.

The broader markets closed the day on a positive note. NIFTY Midcap 100 ended in the green, up by 1.59%, while the NIFTY Smallcap 100 increased by 1.38% on Wednesday.

Among sectors, most of the indices ended the day with significant gains. The top three sectoral performers were NIFTY Auto (+1.66%), NIFTY Realty (+1.12%) and NIFTY Media (+1.06%). On the other hand, NIFTY FMCG (-0.52%) and NIFTY Healthcare (-0.35%) were the only losers.

The Nifty Smallcap index stood in the positive territory, higher 1.43% at 16,427.45.

Welspun Living led the the Nifty Smallcap100 index, rallying 11%, followed by Piramal Enterprises (7%), IIFL Finance (6.58%), PG Electroplast (5.59%), Kfin Technologies (5.53%), Aarti Industries (5.44%) and KEC International (5.53%).

The broader market on Wednesday continued with their surge for the second consecutive day, outperforming the main equity indices.

The NIFTY Midcap 100 index opened at 52,755.40 and touched a high of 54,265.60 and a low of 52,747.20 during the trading session on Wednesday.

The Midcap gauge is currently at the 54,305.95 level, up 1.63%.

Paytm operator One 97 Communications was the most contributing stock on the midcap index, which was followed by BSE Ltd (9.64%). The other rising stocks on the Midcap index included SRF Limited (4.57%), Bharat Forge (4.41%), MRF Limited (3.92%), Aditya Birla Capital (3.79%) and APL Apollo Tubes (3.45%).

IT Solutions and services firm Mouri Tech has refiled draft papers with capital markets regulator Sebi to raise ₹1,500 crore through an Initial Public Offering (IPO).![Prestige Hospitality IPO will be a mix of fresh issuance and offer for sale.

Before this, the company had filed its preliminary IPO papers in September 2024. However, the draft offer documents were withdrawn in December last year without disclosing any reason.

In its fresh Draft Red Herring Prospectus (DRHP) filed on May 5, Mouri Tech proposed to raise ₹250 crore through selling new shares, while promoters and a selling shareholder plan to sell stock to the tune of ₹1,250 crore.

Those selling consists of promoters-- Sujai Paturu and Anil Reddy Yerramreddy -- offloading shares worth ₹726.30 crore and ₹370.60 crore respectively. Besides, an existing shareholder -- Srinivasu Rao Sandaka-- looking to offer shares to the tune of ₹153.10 crore.

The company may consider a pre-IPO placement aggregating up to ₹50 crore.

• Piramal Enterprises on Tuesday, May 6, reported a 25% fall in consolidated profit in the March quarter to ₹102 crore. The city-headquartered entity primarily engaged in financial services had reported a net profit of ₹137 crore in the year-ago period.

• Its consolidated profit for the entire FY25 was ₹485 crore as against a loss of ₹1,684 crore in the year-ago period.

• The overall assets under management grew 17% during the fiscal year, and the company plans to accelerate the growth to 25% in FY26, as per disclosures made to exchanges.

• With the company focusing on retails assets, the overall share of the small ticket loans has increased to 80% now, and it is targeting to expand it further to up to 85%.

• It is also targeting to increase the consolidated profit after tax by three times to up to ₹1,500 crore for FY26, per a PTI report.

Shares of BSE Ltd, Asia's oldest stock exchange, surged as much as 9.64% to hit a record high of ₹6,847.50 apiece on the NSE on Wednesday, May 7, as the company reported a robust set of numbers for the quarter ended March 31, 2025 (Q4 FY25).

The leading bourse on Tuesday reported a multi-fold jump in net profit to ₹494 crore during the March quarter.

BSE Ltd had posted a net profit of ₹107 crore in the year-ago period, BSE said in a regulatory filing to the National Stock Exchange (NSE).

Its total income rose to ₹926.4 crore in the January-March period from ₹543.3 crore logged in the year-ago period.

State-owned Housing and Urban Development Corporation (HUDCO) on Wednesday reported a 4% increase in consolidated net profit at ₹727.74 crore for the March quarter of FY25 on higher income. Its net profit stood at ₹700.16 crore in the year-ago period.

Total income rose to ₹2,854.91 crore in January-March 2024-25 from ₹2,194.04 crore in the year-ago period, according to a regulatory filing.

Following this, shares of HUDCO were trading 3.72% lower at ₹209.85 apiece on NSE.

During 2024-25, HUDCO's net profit increased to ₹2,709.14 crore from ₹2,116.69 crore in the preceding year.

Total income also rose to ₹10,348.38 crore from ₹7,948.10 crore in 2023-24.

The state-run firm has also recommended a final dividend of ₹1.05 per equity share for the financial year ending March 31, 2025.

Defence stocks on Wednesday, May 7, remained in limelight as India carried out Operation Sindoor hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir after midnight.

Following this, defence stocks like Hindustan Aeronautics, Paras Defence, Bharat Dynamics and Data Patterns were in focus.

Except for Paras Defence, majority of the stocks were trading negative as investors became cautious post Indian government’s move.

Shares of defence firms like Bharat Dynamics (4.99%), Garden Reach Shipbuilders & Engineers (2.9%), Cochin Shipyard (-1.67%), Hindustan Aeronautics (-1.32%) and Bharat Electronics (0.82%) were trading lower on Wednesday.

While Paras Defence and Space Technologies shares were trading 0.52% higher at ₹1,361 apiece on NSE.

In the afternoon trade, shares of Mazagon Dock were trading at ₹2,814.50 apiece, declining 5.32%.

MRF shares surged over 4.5% after the company's net profit for March quarter increased.

Madras Rubber Factory, or MRF Ltd, reported a consolidated net profit of ₹512.11 crore for the quarter ended March 31, 2025 (Q4 FY25), up 29.2% against ₹396.11 crore profit logged in the year-ago period.

Its revenue from operations came in at ₹7,074.82 crore, up 11.4% against ₹6,349.36 crore revenue seen in the corresponding quarter of the previous fiscal year.

The company said that its board has recommended a final dividend of ₹229 (2290%) per share of ₹10 each. The company has already declared and paid two interim dividends of ₹3 (30%) each per share for the financial year ending March 31, 2025. The total dividend for the financial year ended March 31, 2025, works out to ₹235 (2,350%) per share of ₹10 each.

Following this, shares of MRF was trading at ₹ 1,41,200 apiece on NSE, jumping 4.60%.

Oil India share price rises over 1% as the firm’s board on Wednesday approved 18% equity participation in the proposed joint venture company for the setting up of a new Ammonia-Urea Complex, Namrup IV Fertiliser Plant at Namrup of Assam.

The board has also approved “incorporating a Wholly Owned Subsidiary (Finance Company) at GIFT City, Gujarat, to carry on the business in accordance with the IFSC rules and regulations as amended from time to time, subject to approval of DIPAM and applicable regulatory approvals including RBI / IFSC Authority / SEZ Authority and any other Authority, as may be required.”

Following this, shares of Oil India were trading at ₹403.75 apiece on the National Stock Exchange, rising 1.38%.

Shares of Hindustan Petroleum Corporation advanced 2% from the previous close after the firm posted its March quarter earnings.

At 12:55 PM, HPCL was trading at ₹397.7 per share, rising 0.23%.

HPCL on Tuesday reported an 18.02% year-on-year (YoY) surge in its standalone net profit to ₹3,354.98 crore in the March quarter of the 2024-25 financial year (Q4FY25), compared to ₹2,842.75 crore in the year-ago period.

On a sequential basis, the Navratna firm’s net profit jumped 11% from ₹3,023 crore in the December quarter of FY25 (Q3FY25).

For the quarter under review, the PSU’s total income stood at ₹1.19 lakh crore, slipping 2.45% YoY from ₹1.22 lakh crore in the fourth quarter of the 2023-24 financial year (Q4FY24). Its income fell 0.83% quarter-on-quarter (QoQ) from ₹1.20 crore.

Its revenue from operations shrank marginally by 0.5% to ₹1.09 lakh crore in Q4 FY25 as against ₹1.11 lakh crore in Q3 FY25.

The midcap and smallcap indices continue to rally for a second day.

During the intraday period, Nifty Midcap 100 was trading 1.43% higher at 54,199.05 levels, while the Nifty Smallcap 100 index was seen at 16,361.15, advancing 1.02%.

Nifty Midcap index’s rally is being led by BSE Limited, soaring 8%. Paytm operator One 97 Communications was another top gainer.

On the Nifty Smallcap gauge, Welspun Living was the top contributor, jumping 12.29%. Piramal Enterprises also zoomed 7.15% on the index.

India’s largest paint maker, Asian Paints, will announce its March quarter results on May 8, 2025. The company is likely to report subdued Q4 earnings, with decline in both revenue and net profit.

Experts believe that Asian Paints may report a 1-4% year-on-year (YoY) fall in consolidated revenue to ₹8,630 to ₹8,500 crore. Net profit is projected to fall by 13-17% YoY, estimated between ₹1,050 to ₹1,100 crore. The fall in revenue and net profit are primarily attributed to lower sales volumes, a slowdown in urban consumption, and higher competition in paint sector.

In Q4 FY24, Asian Paints reported consolidated revenue of ₹8,731 crore, compared to ₹8,549 crore in the preceding quarter. The net profit stood at ₹1,275 crore in Q4 FY24, down from ₹1,128 crore in the previous quarter.

Ather Energy shares surged as much as 13.26% to hit an intraday high of ₹325.40 on the BSE a day after it made a weak debut on stock exchanges.

The stock made a muted stock market debut on Tuesday, May 6, as it opened for trading at ₹326 against its issue price of ₹321. The stock settled 8.54% or ₹28 lower at ₹300 apiece on the National Stock Exchange (NSE).

Earlier in the day, the stock touched an intraday low of ₹287.30.

Welspun, Vardhman Textiles, KPR Mills and Paytm shares were witnessing heavy trading volumes.

Shares of textile exporters such as Gokaldas Exports, KPR Mill, and Arvind Ltd were trading in the positive territory on Monday after India and the United Kingdom signed a 'landmark' trade deal.

Gokaldas Exports shares rose up to 15.63% on the National Stock Exchange (NSE). At 10:34 am, it was up 15% at ₹980 per unit.

KPR Mill stock was trading at ₹1,087 apiece on the NSE, reflecting an increase of 6.66%.

Arvind Ltd shares rose 5.3%, while Page Industries gained 2%.

The trade deal will remove taxes on the export of labour-intensive products such as clothing, leather, and footwear, while making imports of cars and whisky from the UK cheaper to multiply trade between the two economies to $120 billion by 2030.

The Indian equity benchmarks were trading marginally lower in late morning deals. The NIFTY50 index was trading with a negative bias it held on to its important psychological level of 24,350 while the 30-share SENSEX was trading 65 points lower at 80,576.

Auto stocks were witnessing strong buying interest after India signed free trade agreement (FTA) with United Kingdom. Under the deal Indian exports of automobile and auto components to UK are likely to attract lower tax. Following this development NIFTY Auto index rose over 1%.

Broader markets were outperforming their larger peers as NIFTY Midcap 100 index rose 0.82% and NIFTY Smallcap 100 index advanced 0.33%.

Shares of wire and cable maker, KEI Industries, rose as much as 4.44% to hit an intraday high of ₹3,335 after its reported strong March quarter earnings post market hours on Tuesday.

KEI Industries reported net profit of ₹226 crore in January-March quarter, marking an upside of 34% from ₹169 crore in the same period last year. Its revenue from operations rose 25% to ₹2,915 crore as against ₹2,330 crore in the year-ago period.

Shares of Piramal Enterprises rose as much as 6.56% to hit an intraday high of ₹1,028 on the BSE a day after it reported March quarter earnings.

Piramal Enterprises net profit more than doubled to ₹102 crore in January-March quarter from ₹38.56 crore in the previous quarter.

Its total revenue from operations rose 1% to ₹2,853.55 crore.

During the quarter its assets under management rose 17% annually to ₹80,689 crore.

Shares of One97 Communications, the parent Paytm, rose as much as 6.74% to hit an intraday high of ₹869.80 after its loss narrowed in March quarter. Paytm reported narrower loss of ₹540 crore in the January-March quarter from a loss of ₹550 crore in the same period last year. Its revenue from operations declined 16% in the fourth quarter of the financial year 2024-25 to ₹1,911 crore as against ₹2,267 crore registered in the year-ago period.

“In Q4 FY 2025, we achieved operating revenue of ₹1,911 crore, with an increase in revenues from distribution of financial services and ₹70 crore of UPI incentive for FY 2025. Excluding the UPI incentive, revenue increased 1% QoQ, despite the festive season surge in payments volume in the previous quarter. Our net payment margin, including UPI incentive, was at ₹578 crore,” the company said in a press release.

Paytm reduced its indirect costs by 1% quarter-on-quarter (QoQ) to ₹991 crore, marking a 16% year-on-year (YoY) decline. This was largely due to a 36% YoY reduction in non-sales employee costs. The company’s EBITDA before ESOP (including UPI incentive) stood at ₹81 crore, while excluding UPI incentives, it improved by ₹51 crore QoQ to ₹11 crore, reflecting better operational efficiency, the Noida-based company said.

Shares of Welspun Corp. jumped 1% after the company announced securing a new export order for coated LSAW line pipes and bends. The shares opened at ₹755 apiece on the NSE and hit an intraday high of ₹767 apiece.

With these new orders, its current consolidated global order book stands at around ₹19,300 crore. These orders will be executed in FY26 & FY27. The company is yet to report its Q4 FY25 results. However, the Q3FY25 results show an exponential jump in the net profit at ₹1,559 crore.

Shares of dye manufacturer Arunaya Organics made a weak debut on the NSE SME platform Emerge on Wednesday, May 7.

As the minimum bid size for retail investors was 2,000 equity shares, allottees suffered a loss of ₹55,800 per lot at the time of listing.

Domestic gold prices are trading lower, witnessing profit booking after rising for two consecutive days. At 9:30 am, the 24K gold rate in the local market stood at ₹96,950 per 10 gram, down ₹880/ 10 gram compared to yesterday’s closing, while 22K gold was at ₹88,871 per 10 gram.

The rupee depreciated 31 paise to 84.66 against the US dollar in early trade on Wednesday, after India's military strikes against terrorist camps in Pakistan and Pakistan-Occupied Kashmir increased cross-border tensions.

Indian armed forces on early Wednesday carried out missile strikes on nine terror targets in Pakistan and Pakistan-Occupied Kashmir including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base in Muridke.

The military strikes were conducted under Operation Sindoor two weeks after the Pahalgam attack that killed 26 civilians.

Shares of BSE Ltd rose over 9% to hit an intraday high of ₹6,847.50 after it announced strong March quarter earnings post market hours on Tuesday. BSE's net profit in March quarter rose 364.43% year-on-year to ₹493.04 crore compared to ₹106.06 crore in Q4FY24.

Its revenue from operations rose 75% annually to ₹846.64 crore in Q4FY25, as against ₹483.95 crore in the year-ago period.

The company recommended final dividend of ₹23 per share.

The stock was top gainer in the NIFTY Midcap 100 index.

Most of the sector gauges compiled by the National Stock Exchange were trading higher led by NIFTY Auto index's 1% gain. NIFTY Bank, Financial Services, Metal, PSU Bank, Private Bank and Oil & Gas indices also rose between 0.4-1% each.

On the other hand, IT, FMCG and healthcare shares were facing a mild selling pressure.

Broader markets were outperforming their larger peers as NIFTY Midcap 100 index rose 1.12% and NIFTY Smallcap 100 index advanced 0.76%.

As many as 30 shares in the NIFTY50 index were trading higher led by Tata Motors 4% gain as the company will be major beneficiary of the trade deal signed between India and UK. Power Grid (1.43%), Jio Financial Services (1.31%), Bajaj Finance (0.92%) and Bharat Electronics (0.87%) were also among the gainers.

On the flipside, HCL Technologies (-1.40%), Asian Paints (-1.09%), Nestle India (-0.87%), Hindustan Unilever (-0.79%) and TCS (-0.65%) were also among the laggards.

The Indian equity benchmarks recovered early losses in trade on Wednesday, May 7, led by gains in banking and financial services shares. The 30-share SENSEX recovered as much as 711 points from the day's lowest level and NIFTY50 index touched an intraday high of 24,387.40 after hitting low of 24,220. HDFC Bank, Tata Motors, ICICI Bank, State Bank of India and Bajaj Finance were among the top movers in the SENSEX.

As of 9:22 am, the SENSEX was down 56 points or 0.07% at 80,585 and NIFTY50 index 18 points or 0.06% at 24,361.

Markets cheered the free trade agreement with United Kingdom overshadowing rising geo-political concerns after India attacked terror outfits in Pakistan as part of Operation Sindoor.

Over the midnight Indian Armed Forces launched ‘OPERATION SINDOOR’, hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir from where terrorist attacks against India have been planned and directed.

Meanwhile, Indian exports such as textiles, leather, footwear, and processed foods will attract nil duty in the UK under the free trade agreement between the two countries, offering a major boost to labour-intensive sectors.

India and the UK clinched a 'landmark' trade deal that will remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in a bid to double trade between the two economies to $120 billion by 2030.

India will gain from tariff elimination on about 99 per cent of the tariff lines covering almost 100 per cent of the trade value offering huge opportunities for increase in the bilateral trade between India and the UK, the commerce ministry said.

Top US officials will meet with Chinese delegation in Switzerland in first major talks of trade war

Top US officials are set to meet with a high-level Chinese delegation this weekend in Switzerland in the first major talks between the two nations since President Donald Trump sparked a trade war with stiff tariffs on imports.

Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will meet with their counterparts in Geneva in the most-senior known conversations between the two countries in months, the Trump administration announced Tuesday. It comes amid growing US market worry over the impact of the tariffs on the prices and supply of consumer goods.

No country has been hit harder by Trump's trade war than China, the world's biggest exporter and second largest economy. When Trump announced his “Liberation Day” tariffs on April 2, China retaliated with tariffs of its own, a move that Trump viewed as demonstrating a lack of respect. The tariffs on each other's goods have been mounting since then, with the US tariffs against China now at 145% and China tariffs on the US at 125%.

NIFTY50 continued to defend the resistance level of 24,500 for the third consecutive session on Tuesday. The index opened lower and intensified the losses towards the closing session. However, the benchmark index showed resilience as compared to the broader indices which fell more than 2%.

On the options front, the 24,500 calls witnessed strong open interest additions and continue to hold the highest open interest for the weekly expiry. On the flipside, 24,000 puts hold the highest open interest, indicating strong support on the downside at these levels.

China's central bank has cut a key interest rate as US tariffs threaten the economy.

People's Bank of China Governor Pan Gongsheng announced on Wednesday that the lending rate to commercial banks would be reduced by 0.25 percentage points to 1.5 per cent.

The central bank also reduced the reserve ratio — the amount of money banks must hold in their reserves.

The move comes as high tariffs imposed by US President Donald Trump start to take a toll on China's export-dependent economy. _ Source: AP_

NIFTY50 index is set to open lower in trade on Wednesday amid rising geo-political tensions between India and Pakistan after India launched Operation Sindoor to avenge the death of tourist killed in Pahalgam terror attack.

Over the midnight Indian Armed Forces launched ‘OPERATION SINDOOR’, hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir from where terrorist attacks against India have been planned and directed.

As of 8:29 am, Gift NIFTY futures contract was trading 63 points or 0.26% lower at 24,352 indicating weak start for Indian markets. Meanwhile, market participants will closely watch out for earnings reaction as more than 50 companies will report their March quarter earnings later in the day.

HPCL, BSE, Paytm, Kajaria Ceramics and KEI Industries are among the major companies that will react to their earnings announcement which came after market hours on Tuesday.

Tariffs on automotive imports will go from over 100% to 10% under quotas on both sides, benefiting companies such as Tata-JLR, per news reports.

"NHPC Limited has raised Rs. 1945 Crore on 06.05.2025 through Unsecured, Redeemable, Non-Convertible, Non-Cumulative and Taxable 6.86% AF Series Bonds 2040 on a private placement basis," the filing said.

The Mumbai-headquartered entity primarily engaged in financial services had reported a net profit of ₹137 crore in the year-ago period.

Indian exports such as textiles, leather, footwear, and processed foods will attract nil duty in the UK under the free trade agreement between the two countries, offering a major boost to labour-intensive sectors.

India and the UK clinched a 'landmark' trade deal that will remove taxes on the export of labour-intensive products such as leather, footwear and clothing, while making imports of whisky and cars from Britain cheaper, in a bid to double trade between the two economies to $120 billion by 2030.

India will gain from tariff elimination on about 99 per cent of the tariff lines covering almost 100 per cent of the trade value offering huge opportunities for increase in the bilateral trade between India and the UK, the commerce ministry said.

Foreign institutional investors remained net buyers of Indian equities for third session in a row this month. FIIs bought shares worth ₹3,795 crore on Tuesday. They have so far this month purchased shares worth ₹7,062 crore.

Kajaria Ceramics

Kajaria Ceramics on Tuesday reported a decline of 58.58% in its consolidated profit at ₹43.18 crore in the fourth quarter ended March 2025.

The company had posted a net profit of ₹104.27 crore in the January-March quarter a year ago.

Aarti Drug

Aarti Drug net profit for March quarter increases 32.7% to ₹62.9 crore year-on-year (YoY) as against ₹ 47.4 crore in Q4FY24.

Its revenue from revenue grew 9.2% to ₹677 crore in Q4FY25 as compared to ₹620 crore in the corresponding quarter last fiscal year.

Paytm

Paytm’s Q4 net loss narrowed to ₹539.8 crore year-on-year (YoY) as compared to ₹549.6 crore in Q4FY24.

For Q4 FY25, its revenue declined 15.7% to ₹1,912 crore in contrast to ₹2,267.1 crore seen in the same quarter last fiscal year.

HPCL

HPCL Q4 net profit increases 11% to ₹3,355 crore quarter-on-quarter (QoQ) in Q4 FY25 as compared to ₹3,023 crore reported in Q3 FY25.

For the quarter, its revenue marginally slipped 0.5% to ₹1.09 lakh crore as against ₹1.11 lakh crore in the previous quarter same fiscal year.

BSE

The Bombay Stock Exchange (BSE) on Tuesday reported 364.43% year-on-year (YoY) increase in its net profit to ₹493.04 crore in Q4FY25, compared to ₹106.06 crore in Q4FY24.

GCPL

FMCG major Godrej Consumer Products Ltd on Tuesday reported a consolidated net profit of ₹411.9 crore for the fourth quarter ended March 2025, helped by a volume growth in the domestic market.

It had incurred a loss of ₹1,893.21 crore in the January-March period a year ago, due to impairment of loss towards its Africa (including Strength Of Nature) business, according to a regulatory filing from Godrej Consumer Products Ltd (GCPL).

Chemistry solutions provider Tata Chemicals, health insurer Niva Bupa Health Insurance Company, engineering firm Craftsman Automation, information technology (IT) solutions provider Sonata Software, KFC operator Sapphire Foods India, air cooler maker Symphony, online auto classifieds platform CarTrade Tech, engine components manufacturer Shriram Pistons & Rings, heavy equipment maker Lloyds Engineering Works, cloud communications platform Route Mobile, power generation major RattanIndia Power, and amusement parks and resort operator Wonderla Holidays, among others, will also declare their March FY25 quarter report cards on May 7.

US markets ended lower on Tuesday as quarterly results showed more companies cutting their forecasts for upcoming profits because of uncertainty created by President Donald Trump’s tariffs, news agency AP reported.

The Dow Jones fell 0.95%, S&P500 index declined 0.8% and Nasdaq fell 0.9%.

Most of the Asian markets were trading higher on Wednesday on reports that trade talk between US and China will begin formally this week. According to an Investing.com report US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with their Chinese counterparts for trade negotiations in Switzerland this week, their offices said on Tuesday.

China's Shanghai Composite rose 0.59%, Hong Kong's Hang Seng advanced 1.76%, South Korea's KOSPI rose 0.33% while Japan's Nikkei fell 0.05%.