Meta's Q4 revenue hit $74.5 billion, 3 % above the $73.7 billion consensus, sending the stock up 5 % intraday before closing 2.1 % higher. The lift echoed across Asian markets, where the GIFT Nifty signaled a muted start and South Korea’s Kospi fell 0.47 %. —
Earnings per share of $5.23 beat analysts’ $4.66 expectation, while the company reiterated its FY2026 guidance, raising the upper band to $5.60. Meta’s core advertising revenue grew 6 % YoY, and the CFO highlighted a shift toward high‑margin AI services as a growth engine. —
Meanwhile, Jio Platforms, the telecom arm of Reliance, was in its second IPO trading day after a record ₹70,000 crore bid volume in the first session. The shares are hovering near the ₹44‑₹48 range, awaiting the final pricing set for Thursday. —
India’s 10‑year government bond yield climbed to 7.43 %, the highest since 2023, as the RBI nudged its policy rate up to 5.5 % and signaled a “calibrated tightening” stance. The shift has weighed on the BSE Sensex, which slipped 0.3 % in early trade. —
Looking ahead, Meta will release full‑year guidance on Thursday, while the RBI is expected to review its rate policy at the June board meeting. Traders will keep an eye on the 10‑year yield and Jio pricing to gauge the momentum of India’s equity market. —