Seoul - Shares jumped Thursday on the Seoul stock exchange on the central bank's decision to freeze its key interest rate for the second straight month and expectations for better corporate earnings ahead. South Korea's won rose against the dollar.
The benchmark Kospi index soared 54.28 points, or 4.3 per cent, to close at 1,316.35.
Advancing issues outnumbered decliners 780 to 109.
The main index of the technology-heavy Kosdaq market gained 20.62 points, or 4.47 per cetn, to close at 481.45.
Stock futures added 7.2 crore shares in open interest, OI on April 08, 2009 (Wednesday). In Nifty futures, FIIs remained net buyers to the tune of Rs 909.6 crore wherein Open Interest surged by 41,654 contracts.
Reliance Industrial Infrastructure was the best performer on Wednesday. It gained 46% and its Open interest (OI) doubled to 3.5 lakh shares. The stock climbed up 93% in 2 trading sessions.
Stock futures on April 08 appended 7.2 crore shares in open interest.
Anticipating the current back off to carry on for a few more days, futures and options (F&O) traders on April 08, 2009 relaxed their short positions at 3,300-3,400 call options.
These traders anticipated the Nifty to attain the 200 daily moving average (DMA) level of 3,443 sometime by the coming week and, hence, they developed long positions of 637,600 shares in 3,500 strike call options.
The open interest (OI) at 3,300 strike call options turned down by 540,850 shares, pointing that traders wanted the Nifty to trade above 3,300 going forward.
According to data released by BSE, Foreign Institutional Investors (FIIs) remained net buyers in the equity segment worth Rs 5.73 billion on both the BSE and the NSE on April 8.
FIIs purchased equities worth Rs 37.50 billion, while their gross sales stood at Rs 3,177.62 crore.
Domestic institutional investors (DIIs) including banking institutions, DFIs, Insurance and MFs remained net sellers in the equity segment worth Rs 378.22 on both the BSE and the NSE on April 8.
New York - US stocks gained Wednesday, ending a volatile session and a two-day losing streak, amid optimism over a major merger in the housing sector.
Stocks briefly cut gains after the Federal Reserve said in its minutes from its last policy meeting in March that "downward risks" remained in the economy. The United States is in the midst of one of its longest recessions since the Great Depression.
The Fed noted a rapid deterioration in labour market conditions, with steep job losses across all sectors.
Seoul - Shares jumped Thursday on the Seoul stock exchange on the central bank's decision to freeze its key interest rate for the second straight month and expectations for better corporate earnings ahead. South Korea's won rose against the dollar.
Stock futures added 7.2 crore shares in open interest, OI on April 08, 2009 (Wednesday). In Nifty futures, FIIs remained net buyers to the tune of Rs 909.6 crore wherein Open Interest surged by 41,654 contracts. 
Anticipating the current back off to carry on for a few more days, futures and options (F&O) traders on April 08, 2009 relaxed their short positions at 3,300-3,400 call options. 
According to data released by BSE, Foreign Institutional Investors (FIIs) remained net buyers in the equity segment worth Rs 5.73 billion on both the BSE and the NSE on April 8. 
Tokyo - The Tokyo market bounced back Thursday after investors were cheered by better-than-expected machinery orders.
New York - US stocks gained Wednesday, ending a volatile session and a two-day losing streak, amid optimism over a major merger in the housing sector.
