Indian Market:
Equity benchmarks carried on their up move for the seventh consecutive day on strong inflow from foreign institutional investors - the Sensex surged more than 1280 points and the Nifty rallied over 380 points in seven sessions.
Reliance Power, Adani Power and GMR Industries were reportedly in the race for an Australian coal mine asset and a 500 megawatt power plant together worth $1 billion.
Oriental Bank of Commerce, the third-best performer among Indian state-run companies this year, expects to receive a capital infusion of about 10 billion rupees ($215 million) in the year to March 31 from the government.
Global Cues:
Most Asian stocks rose on Wednesday, 15 September 2010, led by gains in Japan after the country intervened to weaken its currency for the first time since 2004. Mining companies rose on higher metal prices. The Nikkei 225 average jumped 1.84%. The key benchmark indices in Indonesia, Singapore, South Korea, Hong Kong and Taiwan were up by between 0.04% to 3.02%.
Equity benchmarks carried on their up move for the seventh consecutive day on strong inflow from foreign institutional investors - the Sensex surged more than 1280 points and the Nifty rallied over 380 points in seven sessions.
Reliance Power, Adani Power and GMR Industries were reportedly in the race for an Australian coal mine asset and a 500 megawatt power plant together worth $1 billion.
Oriental Bank of Commerce, the third-best performer among Indian state-run companies this year, expects to receive a capital infusion of about 10 billion rupees ($215 million) in the year to March 31 from the government.
Global Cues:
Most Asian stocks rose on Wednesday, 15 September 2010, led by gains in Japan after the country intervened to weaken its currency for the first time since 2004. Mining companies rose on higher metal prices. The Nikkei 225 average jumped 1.84%. The key benchmark indices in Indonesia, Singapore, South Korea, Hong Kong and Taiwan were up by between 0.04% to 3.02%.
European stocks fluctuated as brokerage downgrades at Drax Group Plc and Nokia Oyj offset a rally in U.K. retailers. Asian shares and U.S. index futures were little changed even as Japan acted to weaken the yen.
Japan sold yen in the market on Wednesday for the first time in six years and promised more to come in a bid to stop the currency's relentless rise from hurting exporters and threatening a fragile economic recovery.
1 comments:
The markets are giving hidden message that the SENSEX and NIFTY are sell, for those who just watch the index and participate in the market, these would be a big mistake
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