Tokyo - The Tokyo market soared nearly 5 per cent to close Tuesday trading as investors returned to buy back battered shares after the benchmark Nikkei 225 Stock Average hit a three-month low the previous day.
The Nikkei index surged 378.93 points, or 4.93 per cent, to 8,061.07, and the broader Topix index of all first section issues also rose 37.21 points, or 4.84 per cent, to 805.49.
On currency markets at midday (0300 GMT), the dollar traded at 89.70-75 yen, up from Monday's 5 pm quote of 88.61-64 yen.
Tokyo - Stocks ended Tuesday morning trading higher in Tokyo as investors bought back battered shares after the benchmark Nikkei 225 Stock Average hit a three-month low the previous day.
The Nikkei index ended morning trading up 267.93 points, or 3.49 per cent, at 7,950.07, and the broader Topix index of all first section issues also rose 26.59 points, or 3.46 per cent, to 794.87.
On currency markets at 9 am (0000 GMT), the dollar was quoted at 89.25-30 yen, up from Monday's 5 pm quote of 88.61-64 yen.
With the intention to strengthen the volatile bourses, the public sector insurer Life Insurance Corporation (LIC) has decided to pump in an additional over Rs 4,000 crore in the stock markets by March 2009.
Mr. T.S. Vijayan, the LIC Chairman said, “We have made investment of Rs 31,000 crore till December and it may cross Rs 35,000 crore (by the end of March).”
But, even the huge amount of fund infusion in 2009 is fairly less by the standards set by LIC itself.
After opening negatively on Friday (Jan 23), Indian equities managed to return into the positive terrain but fell into the red once again as investors turned watchful on account of weak global reaction.
In lacklustre trading, the 30-share index BSE Sensex lost nearly 140 points amid investors awaiting fresh signals from RBI’s quarterly credit policy review scheduled for Tuesday.
The 30 share index, Sensex lost 649.24 points to 8,674.35 during the week ended Jan 23, 2009. In contrast, the broad based NSE Nifty tumbled 149.9 points to 2,678.55 in the same period.
Sensex remained choppy throughout the week chasing weak global cues. Meager corporate earnings of top companies dragged the index in the negative zone.
On Monday (Jan 19), Sensex belled the week at 9,381.78 after making a gain of 58.19 points in line with global peers.
Tokyo - The Tokyo market soared nearly 5 per cent to close Tuesday trading as investors returned to buy back battered shares after the benchmark Nikkei 225 Stock Average hit a three-month low the previous day.
India equities opened the week on a firm note 
Tokyo - Stocks ended Tuesday morning trading higher in Tokyo as investors bought back battered shares after the benchmark Nikkei 225 Stock Average hit a three-month low the previous day.
With the intention to strengthen the volatile bourses, the public sector insurer Life Insurance Corporation (LIC) has decided to pump in an additional over Rs 4,000 crore in the stock markets by March 2009.
After opening negatively on Friday (Jan 23), Indian equities managed to return into the positive terrain but fell into the red once again as investors turned watchful on account of weak global reaction.
The 30 share index, Sensex lost 649.24 points to 8,674.35 during the week ended Jan 23, 2009. In contrast, the broad based NSE Nifty tumbled 149.9 points to 2,678.55 in the same period.
