Tuesday, October 1, 2013

Recent Updates on Equity-Asian Stocks Rise as Japan’s Abe Increases Sales Tax

Asian stocks rose, led by Japanese shares, after Prime Minister Shinzo Abe said the nation will increase its sales tax as planned. Gains were limited by the first partial U.S. government shutdown in 17 years.

The S&P BSE Sensex was down 33.36 points or 0.17% to 19,346.51. The index declined 74.62 points at the day's low of 19,305.15 in early trade. The index rose 86.41 points at the day's high of 19,466.18 in early trade. The CNX Nifty was up 1.70 points or 0.03% to 5,737. The index hit a high of 5,762.40 in intraday trade. The index hit a low of 5,736.80 in intraday trade.

The market breadth, indicating the overall health of the market, was positive. On BSE, 552 shares rose and 473 shares fell. A total of 56 shares were unchanged.

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