New York - Major US stock indices posted strong gains Tuesday following Europe's lead, capping the US market's best month in nearly seven years.
Financial firms led the gains on signs that banks were starting to increase lending in the current recession. An index of financial companies jumped 6.7 per cent.
The rally comes ahead of an emergency summit of the Group of 20 major economies Thursday in London to help pull the world out of recession. US President Barack Obama and other world leaders began arriving Tuesday in London.
The Sensex gained further ground as realty, healthcare, capital goods, metal and IT stocks extended gains.
At 12:54 p.m., the BSE 30-share Sensex was up 178.50 points at 9,746.64, after hitting a high of 9,758.56 and a low of 9,547.21.
The S&P CNX Nifty was trading above the psychological 3,000 mark. Today, the broad based Nifty regained the 3K level. It fell below that level on Monday after a steep slide in stocks caused by a setback in worldwide stocks.
Stock market expert has maintained ‘Buy’ rating on Unitech stock to achieve an intraday target of Rs 36.50.
According to him, day traders can buy the stock around Rs 34 with a stop loss of Rs 33.50.
Shares of the company, on Monday (March 30), closed at Rs 33.70 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 5.62 and 6.25 respectively. The share price has seen a 52-week high of Rs 338 and a low of Rs 21.80 on BSE.
New York - US stocks tumbled Monday amid concerns over the fate of the struggling car industry, which will be given a last chance to restructure operations or lose government support.
President Barack Obama said that General Motors Corp and Chrysler LLC had so far failed to prove that they can survive. He called for a series of changes in the two companies' outdated business models and forced out long-time GM chief executive Rick Wagoner.
The Bombay Stock Exchange saw a 10 percent rise in the stocks of fertilizer companies today, following the March 27 gas sales and transportation contracts between Reliance Industries (RIL) and 12 fertilizer firms, who would receive the first produce from RIL's eastern offshore KG-D6 (Krishna Godavari-Dhirubhai 6) fields.
New York - Major US stock indices posted strong gains Tuesday following Europe's lead, capping the US market's best month in nearly seven years.
The Sensex gained further ground as realty, healthcare, capital goods, metal and IT stocks extended gains. 
Stock market expert has maintained ‘Buy’ rating on Unitech stock to achieve an intraday target of Rs 36.50.
Tokyo - Tokyo stocks recovered Tuesday as buying was encouraged after the market lost more than 4 per cent the previous day.
New York - US stocks tumbled Monday amid concerns over the fate of the struggling car industry, which will be given a last chance to restructure operations or lose government support.
The Bombay Stock Exchange saw a 10 percent rise in the stocks of fertilizer companies today, following the March 27 gas sales and transportation contracts between Reliance Industries (RIL) and 12 fertilizer firms, who would receive the first produce from RIL's eastern offshore KG-D6 (Krishna Godavari-Dhirubhai 6) fields. 
