NSE Nifty Closed on a strong note today and other stock market review

Indian Market:

Nifty closed the day on a strong note. The pullback rally which started on Friday further gained momentum today and recovered nearly 200 points in last 2 trading sessions. It seems that Nifty has found a good support around 5700 mark at the moment.

HCL Technologies Ltd said on Friday it has signed a multi-year deal with Brazil's second biggest fashion retailer Lojas Renner to support Oracle systems at the latter's stores.

South Korea's GS Global Corp plans to invest USD 5 million in India's Steel Strips Wheels, less than a month after the Indian firm sold some stake to Japan's Sumitomo Metal Industries a top official at Steel Strips said.
 

Global Cues:

Asian stocks rose on Monday, 13 December 2010, as investors took in their stride China's latest attempt to cool inflation and fresh vows to tackle price pressure, while upbeat US economic data helped shore up the dollar. The key benchmark indices in Hong Kong, Japan, South Korea and Taiwan rose by between 0.13% to 1%. But, the key benchmark indices in Indonesia and South Korea fell by between 0.03% to 0.43%.

U.K. stocks advanced for a third day after China refrained from raising interest rates even as inflation surged at the fastest pace in more than two years.

Euro zone countries must consolidate public finances even though this is likely to dampen economic growth in the near term, the Organisation for Economic Cooperation and Development (OECD) said on Monday.