Indian Markets Review and Report
Equity benchmarks were trying to hold psychologically important levels since morning trade - the Nifty at 6000 and the Sensex at 20000 mark. Oil & gas, financial, metal, technology, realty.
India's merchandise exports rose 21.3% to $18 billion in October 2010 over October 2009, boosting hopes that the country may be able to reach the $200 billion target fixed for the current fiscal.
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia for its proximity, compared to Australia and Africa.
Global Markets Review and Report
Asian stocks surged on Thursday, 2 December 2010, after improved economic indicators powered big gains on Wall Street and worries eased about Europe's debt problems. The key benchmark indices in China, Hong Kong, Japan, Indonesia, South Korea, Singapore and Taiwan rose by between 0.4% to 1.78%.
Stocks jumped, sending U.S. benchmark indexes to their biggest gains in three months, while the euro and commodities rallied and Treasuries slid amid improving data on the American and Chinese economies and speculation of a larger effort to end Europe's debt crisis.
The European Central Bank is expected to keep unlimited liquidity operations in place for longer with the euro zone debt crisis raging unabated, but is unlikely to announce mass new bond purchases on Thursday.
Equity benchmarks were trying to hold psychologically important levels since morning trade - the Nifty at 6000 and the Sensex at 20000 mark. Oil & gas, financial, metal, technology, realty.
India's merchandise exports rose 21.3% to $18 billion in October 2010 over October 2009, boosting hopes that the country may be able to reach the $200 billion target fixed for the current fiscal.
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia for its proximity, compared to Australia and Africa.
Global Markets Review and Report
Asian stocks surged on Thursday, 2 December 2010, after improved economic indicators powered big gains on Wall Street and worries eased about Europe's debt problems. The key benchmark indices in China, Hong Kong, Japan, Indonesia, South Korea, Singapore and Taiwan rose by between 0.4% to 1.78%.
Stocks jumped, sending U.S. benchmark indexes to their biggest gains in three months, while the euro and commodities rallied and Treasuries slid amid improving data on the American and Chinese economies and speculation of a larger effort to end Europe's debt crisis.
The European Central Bank is expected to keep unlimited liquidity operations in place for longer with the euro zone debt crisis raging unabated, but is unlikely to announce mass new bond purchases on Thursday.
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