Indian Market:
Equity benchmarks bounced back on Wednesday after a moderate profit booking in previous two days. The Nifty has been facing a resistance at 6200 level; it did touch that level again in initial couple of hours of trade today but could not maintain the same.
30-share BSE Sensex closed at 20,543.08, up 135.37 points or 0.66% and the 50-share NSE Nifty rose 40.65 points or 0.66% to settle at 6,186.45. The Nifty October futures ended at 24.5 points premium. The broader indices outperformed benchmarks; the BSE Midcap Index was up 1.1% and Smallcap up 0.75%.
Sebi rejected MCX Stock Exchange's (MCX-SX) application for trading in segments like equity and equity derivatives, the finance ministry is understood to have argued that MCX-SX has 'technically' complied with the MIMPS regulations.
Global Cues:
Asian stock markets rose Wednesday, 6 October 2010, buoyed by growing expectations that the Federal Reserve will take steps to bolster the US economy following a surprise rate cut by the Bank of Japan on Tuesday, 5 October 2010. Investors cheered the Bank of Japan's move Tuesday to slash its key interest rate to virtually zero.
Equity benchmarks bounced back on Wednesday after a moderate profit booking in previous two days. The Nifty has been facing a resistance at 6200 level; it did touch that level again in initial couple of hours of trade today but could not maintain the same.
30-share BSE Sensex closed at 20,543.08, up 135.37 points or 0.66% and the 50-share NSE Nifty rose 40.65 points or 0.66% to settle at 6,186.45. The Nifty October futures ended at 24.5 points premium. The broader indices outperformed benchmarks; the BSE Midcap Index was up 1.1% and Smallcap up 0.75%.
Sebi rejected MCX Stock Exchange's (MCX-SX) application for trading in segments like equity and equity derivatives, the finance ministry is understood to have argued that MCX-SX has 'technically' complied with the MIMPS regulations.
Global Cues:
Asian stock markets rose Wednesday, 6 October 2010, buoyed by growing expectations that the Federal Reserve will take steps to bolster the US economy following a surprise rate cut by the Bank of Japan on Tuesday, 5 October 2010. Investors cheered the Bank of Japan's move Tuesday to slash its key interest rate to virtually zero.
U.S. stock-index futures rose, indicating the Standard & Poor's 500 Index will extend a five- month high, ahead of a private jobs report that may give further clues on the strength of the economy.
IMF Managing Director Dominique Strauss-Kahn made the comments ahead of the fund's Oct.8-10 annual meeting in which currency depreciations by governments to boost exports will be a key issue.
0 comments:
Post a Comment