Stock Markets

French shares continue rebound

Paris - French shares continue reboundThe Paris Bourse continued its strong recovery on Tuesday on news that the US government was also undertaking radical steps to shore up its banking system.

In mid-morning trade, the benchmark CAC 40 was up 4.87 per cent, to 3,703.48, with 38 of the 40 listed stocks gaining ground.

Industrials again led the way on the hope that measures undertaken by euro-zone countries, Britain and the United States would stimulate the money markets and encourage banks to resume lending.

European shares charge ahead after Wall Street rally

European shares charge ahead after Wall Street rally Frankfurt - European shares charged out of the gates Tuesday after US and Asian stocks rocketed up on renewed hopes that global coordinated action will help to shore up investor and economic confidence.

Within a few minutes of opening, Europe's blue-chip Stoxx 50 had climbed 3.1 per cent to 2,393 points.

The jump in European stocks came in the wake of New York's Dow Jones Industrial Average chalking up its biggest one-day points gain in history Monday, rising 936.42 points, or 11.08 per cent, to close at 9,387.61.

Shares gain more than 6 per cent in Seoul

Shares gain more than 6 per cent in Seoul Seoul - Shares rallied Tuesday on the Seoul stock exchange, tracking gains in the United States, as investors hoped that global efforts to contain the worldwide financial turmoil would pay off.

The benchmark Kospi index soared 79.16 points, or 6.1 per cent, to close at 1,367.69.

Advancing issues outpaced decliners 797 to 68.

The main index of the technology-heavy Kosdaq market rose 7.65 per cent to 396.32.

India markets 4 per cent higher on global cues

India Stock MarketsNew Delhi - Indian equities surged in early trade on Tuesday on top of a strong rally the previous day as investors' sentiments were boosted following sharp gains in global bourses.

The 30-share Sensex of the Bombay Stock Exchange, which had gained 781.24 points on Monday, shot up by another 542.06 points, or 4.79 per cent, at 11,851.15 within minutes of trading.

The Sensex was quoted at 11,833.36, a gain of 524.27 points or 4.64 per cent at 11.30 am (0600 GMT).

Similarly, the broader 50-share Nifty index rose 4.10 per cent to 3,627, up by 136,39 points around the same time.

Philippine stocks up 7.3 per cent as world leaders unite on crisis

Philippine stocks up 7.3 per cent as world leaders unite on crisis Manila - Philippine shares soared by 7.31 per cent Tuesday as the leaders of developed countries made efforts to address the global financial turmoil.

The Philippine Stock Exchange's 30-share composite index gained 154.9 points to finish at 2,273.65.

A total of 1.87 billion shares valued at 3.61 billion pesos (76.80 million dollars) were traded.

Gainers outpaced losers 101 to 16 with 26 issues unchanged.

Stock Mkt May Go Upto 11,786 Level, Says Vishwas Agarwal

Stock Mkt May Go Upto 11,786 Level, Says Vishwas Agarwal Indian stock markets belled the day on a firm note on account of positive global signs and sharp rally seen because of short coverings in yesterday’s session (Oct 13). 

IT, realty, banking, metal and power sectors moved up sharply. 

Mid-cap stocks gained 2.96%, while small-cap shares surged 1.83% today.

Asian stocks zoomed, driving Japan’s Nikkei 225 stock average to its largest gain in the last 18 years, after the US and European authorities decided to buy equity stakes in banking institutions. 

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