Stock Trading News - Nifty
eyes 7400; Bank Nifty surges 4% :- The Nifty rose 142.30 points or 1.97 percent to
7364.60. About 1888 shares have advanced against 534 declining shares on the
BSE. 12:45 pm Global Markets Update: Asian markets rose today, with Japan's
Nikkei 225 index leading the way after a strong finish on Wall Street
overnight. The Japanese benchmark index was up 4.26 percent, with the yen
hovering near the 114 handle against the dollar, after falling overnight. Other
markets followed suit, with Australia's S&P/ASX 200 finishing on a
one-month high, breaking the 5,000 level, to close up 98.94 points, or 2.01
percent, at 5,021.20. South Korea's Kospi gained 1.60 percent while Hong Kong's
Hang Seng index was up 2.9 percent. Chinese markets also rallied, with the
Shanghai composite up 4.2 percent. Major US indexes rose on Tuesday, with the
Dow Jones industrial average up 2.11 percent, S&P 500 adding 2.39 percent,
and the Nasdaq composite gaining 2.89 percent. Many analysts agreed that the
better-than-expected data from the US overnight reduced some of the concerns,
for now, over a sharp slowdown in US growth.
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