Carrying forth its gains into the fifth week, the Bombay Stock Exchange's Sensex was up 186 points on Monday, and closed at 10,534, while the Nifty was up by 45 points to close at 3,256. With the Indian markets consolidating, the index traded between 10,654 and 10,411.
The figures marked the highest level of the benchmark index since 10 November, 2008; thanks to the rising sanguinity about the global economy, and metals and capital goods, and auto stocks showing robust gains.
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.
Carrying forth its gains into the fifth week, the Bombay Stock Exchange's Sensex was up 186 points on Monday, and closed at 10,534, while the Nifty was up by 45 points to close at 3,256. With the Indian markets consolidating, the index traded between 10,654 and 10,411. 
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. 
