Asian stocks are mostly higher, supported by key rate decisions last week from the U.S. Federal Reserve, Japan, and China.

The local sharemarket pulled back from record highs on Monday, with sharp falls in staples and discretionary stocks propelling the market into the red.

IST, the barometer index, the S&P BSE Sensex, rose 135.57 points or 0.16% to 84,683.92. The Nifty 50 index rose 73.30 points or 0.28% to 25,864.25.

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U.S. stocks closed nearly unchanged on Friday, as investors paused buying after a strong rally in the prior session that was ...