Hong Kong - Hong Kong shares climbed more than 3 per cent to a three-month high Monday, pushed up by rising confidence in the US recovery prospects and a strong rebound by banking giant HSBC.
The blue-chip Hang Seng Index rose by 453.35 points or 3.11 per cent to 14,998.04, after rising above the 15,000 points mark earlier in the day. Turnover was 62.1 billion Hong Kong dollars (8 billion US dollars.)
Indian stock markets are beginning to look more bullish in proportion to the majority of the worldwide indices.
After a hefty fall on March 30, stock markets re-started the upward journey once again as foreign funds were seen purchasing with renewed energy. The build up in F&O segment also hints bullishness will persist in the coming time.
The Nifty level of 3,150, which witnessed strong resistance during March 2009, is likely to act as a strong support level now as options traders were seen writing strike puts at 3,100-3,200.
In actual fact, call options traders anticipate the Nifty to go up further in today’s trading session and close above 3,250 levels, as is clear from their buying 3,300-3,500 strike calls on hopes that the existing thrust is expected to continue in the coming time.
New Delhi, Apr. 6: With the Nifty hitting the 3300 mark on Monday, equities made an impressive opening. Buying interest has emerged in realty, banking and metal stocks.
The Sensex jumped by 306.06 points to touch the six-month high level at 10,654.89, while National Stock Exchange’s Nifty is up 87 points to 3,298.
The Nifty hit 3300 benchmark in the first few minutes of trade but eased some gains and was trading at 3292, up 81.85 points.
Realty stocks are leading the rally today. The realty index on the BSE has jumped more than six per cent on heavy buying in HDIL, Unitech and DLF.
Hong Kong - Hong Kong shares climbed more than 3 per cent to a three-month high Monday, pushed up by rising confidence in the US recovery prospects and a strong rebound by banking giant HSBC.
Stock analyst Ashwani Gujral said that the stock markets have the potential to climb as higher prices draw more buyers. 
Indian stock markets are beginning to look more bullish in proportion to the majority of the worldwide indices. 
The Nifty level of 3,150, which witnessed strong resistance during March 2009, is likely to act as a strong support level now as options traders were seen writing strike puts at 3,100-3,200. 
New Delhi, Apr. 6: With the Nifty hitting the 3300 mark on Monday, equities made an impressive opening. Buying interest has emerged in realty, banking and metal stocks.
