New York - US stocks posted strong gains on Wednesday as most companies that reported profits for the first quarter beat estimates on the day, drowning out reports of a sharp contraction in the US economy over the first three months.
Time Warner Inc, Goodyear Tire & Rubber Co, DreamWorks Animation SKG Inc and Hess Corp all beat analysts' expectations, offering some hope that the worst may be over and driving all major US stock indices up by more than 2 per cent.
The benchmark indices ended smartly with hefty gains after yesterday's steep fall on the back of positive global cues and short covering on the F&O expiry day. The Sensex closed at 11,403 up 402 points or 3.65% and the Nifty surged 3.32% or 112 points to settle at 3,474. Te BSE Midcap Index closed 63 points or 1.83% and the Smallcap Index went up 1.35% or 52.
All BSE sectoral indexes ended in green. Buying was across the board, IT, banking, oil & gas and capital goods let the rally today.
The Sensex ended the April series with 17.5% gain while the Nifty surged 15%.
New Delhi - Indian equities rose more than 3 per cent Wednesday, riding a good performance by information-technology stocks and positive global cues. The Bombay Stock Exchange's 30-share sensitive index Sensex closed at 11,403, 3.65 per cent above its previous close.
The broader 50-share Nifty index of the National Stock Exchange ended 3.32 per cent up at 3,473.95.
Strong quarterly results from mobile telephone giant Bharti Airtel helped boost market sentiment.
Frankfurt- The world's biggest business management software maker SAP AG said Wednesday that falling revenue, the global economic downturn and the high restructuring costs resulted in first-quarter net profit falling 16 per cent to 204 million euros (269 million dollars). While the German-based group confirmed its outlook for the current year, its shares dropped 2.9 per cent to 29.30 euros following the release of the results.
SAP said that due to the continued the economic and business uncertainty it would not provide a specific outlook for software and software-related service revenues for 2009.
New York - US stocks posted strong gains on Wednesday as most companies that reported profits for the first quarter beat estimates on the day, drowning out reports of a sharp contraction in the US economy over the first three months.
The benchmark indices ended smartly with hefty gains after yesterday's steep fall on the back of positive global cues and short covering on the F&O expiry day. The Sensex closed at 11,403 up 402 points or 3.65% and the Nifty surged 3.32% or 112 points to settle at 3,474. Te BSE Midcap Index closed 63 points or 1.83% and the Smallcap Index went up 1.35% or 52. 
New Delhi - Indian equities rose more than 3 per cent Wednesday, riding a good performance by information-technology stocks and positive global cues. The Bombay Stock Exchange's 30-share sensitive index Sensex closed at 11,403, 3.65 per cent above its previous close.
Beijing - China's main stock market index leapt by 2.78 p
Seoul - Shares finished nearly 3 per cent higher Wednesday on the Seoul stock exchange on bargain hunt
Frankfurt- The world's biggest business management software maker SAP AG said Wednesday that falling revenue, the global economic downturn and the high restructuring costs resulted in first-quarter net profit falling 16 per cent to 204 million euros (269 million dollars). While the German-based group confirmed its outlook for the current year, its shares dropped 2.9 per cent to 29.30 euros following the release of the results.
