May 22 (Reuters) - GLOBAL MARKETS ROUNDUP
* Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan's Nikkei reaching a 5-1/2 year high, while the yen took a defensive stance ahead of the outcome of the Bank of Japan's policy meeting.
* U.S. stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials' comments eased some concerns that the central bank could start reducing its stimulus program.
FACTORS TO WATCH
INDIAN STOCKS TO WATCH For additional press items double click NOTE: Reuters has not verified third-party stories and does not vouch for their accuracy.
India's Tech Mahindra Jan-March net up 24.42 pct, beats estimates - Reuters
ING tests waters to exit ING Vysya, approaches banks to consider deal - Indian Express (http://link.reuters.com/ram38t)
Banks to finance Tamil Nadu PSU discom's 100 pct cash loss for FY14 - Business Standard (http://link.reuters.com/sam38t)
Royalty payments to parent firms abroad to face queries on beneficial owners - Financial Express (http://link.reuters.com/tam38t)
Reliance Infra to commission 2nd cement unit by Sept - Financial Chronicle (http://link.reuters.com/vam38t)
ONGC foreign arm posts 44 pct increase in net profit - Business Standard (http://link.reuters.com/wam38t)
India's JSW Energy says floor price for share sale set at 61.50 rupees/share - Reuters
India's JK Paper Jan-March net up 88.67 pct - Reuters
India's Prestige Estates Jan-March net up more than two fold - Reuters
India's JSW Ispat Steel reports Jan-March net profit - Reuters
Heidelberg Cement India to sell Raigad cement grinding facility to JSW Group - Reuters
Shree Renuka Sugars to raise $350 mln through Brazilian arm - Economic Times (http://link.reuters.com/cem38t)
Jindal Steel, Aussie firm bag stakes in ONGC blocks - Business Standard (http://link.reuters.com/dem38t) (Reporting By Manoj Rawal)