Stock Markets

Hong Kong shares rebound by 3 per cent ahead of Easter holidays

Hong Kong shares rebound by 3 per cent ahead of Easter holidays Hong Kong  - Hong Kong shares rebounded by nearly 3 per cent Thursday on the last day of trading before the Easter holidays, clawing back most of its losses from a day earlier.

The blue-chip Hang Seng Index rose by 426.55 points, or 2.95 per cent, to end the session at 14,901.41. Turnover was 52.6 billion Hong Kong dollars (6.78 billion US dollars.)

Taiwan stocks skyrocket 4 per cent to six-month high

Taiwan stocks skyrocket 4 per cent to six-month high Taipei  - Taiwan's stocks surged 4.12 per cent Thursday to a six-month closing high with investors buying strongly in the traditional industry, tourism and technology sectors, dealers said.

The main TAIEX index opened higher and extended its gains to close at 5,667.8, up 224.24 points, or 4.12 per cent.

Dealers said reports of continued rush orders from China received by local technology firms and the government's multi-billion dollar plans to boost tourism and local infrastructure projects bolstered investor sentiment.

Shares surge 4.3 per cent in Seoul

Shares surge 4.3 per cent in SeoulSeoul  - 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 Add 7.2 Cr Shares In OI On April 08

Stock Futures Add 7.2 Cr Shares In OI On April 08Stock 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.

Nifty To Trade Above 3,300 Level

Nifty To Trade Above 3,300 LevelAnticipating 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.

FIIs Remain Net Buyers In Equities On Apr 8

FIIs Remain Net Buyers In Equities On Apr 8According 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.

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