Indian Market:
Nifty recouped previous day's losses and closed just one point short of the 5,400 level led by technology, metal, oil & gas, auto, cement and realty companies' shares.
State Bank of India, the nation's largest lender, started marketing five-year bonds denominated in U.S. dollars.
India may consider buying BP Plc's stake in a natural gas field in Vietnam after the British company battling the worst U.S. oil spill agreed to sell assets as part of a plan to raise funds to meet liabilities.
Global Cues:
Most Asian stock markets rose Wednesday following a modest rise on Wall Street on Tuesday. The key benchmark indices in Hong Kong, Indonesia, South Korea, Japan, Taiwan were up by 0.28% to 0.62%. But, Key benchmark indices in Singapore and China fell by between 0.04% to 0.14%.
US stocks rose for a second consecutive day on Tuesday, 20 July 2010, led higher by gains in shares of Goldman Sachs and strength in beaten-down homebuilders and raw materials companies. The Dow Jones Industrial Average rose 75.53 points, or 0.74% to 10,229.96.
The ADB also stuck to its China's forecast at 9.6% but marginally revised that for the Asian region to 7.9%. International Monetary Fund (IMF) has upgraded India's growth projection to as high as 9.5% from 8.8% estimated earlier.
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