Stock Markets

Stock Market May Touch Upper Circuit Today, Says Vishwas Agarwal

The BSE Sensex marked its closure on a strong note on Tuesday (July 22) Stock Market May Touch Upper Circuit Today, Says Vishwas Agarwalfollowing hope that the UPA Government will win the trust vote of confidence.

If all goes fine, the early election will not happen in India and there will be some advancement in N-deal.

Heavy buying activity was seen in FMCG, Power, Metal and Banking stocks, while auto index was under selling pressure.

US stocks post late rally as airlines surge

New York - US stocks post late rally as airlines surge A late-day rally led US stocks higher on Tuesday amid some assurances from the financial world, while lower oil prices helped US airlines to record gains.

Shares in UAL Corp, parent company of United Airlines, surged 69 per cent and US Airways jumped 59 per cent as crude oil dropped more than 3 dollars to 177.95 dollars per barrel in New York trading. US Airways and JetBlue Airways Corp both reported better-than-expected quarterly profits.

Tokyo stocks open higher on weaker yen, overnight Wall Street rises

Tokyo Stock ExchangeTokyo - Tokyo stocks opened higher Wednesday on a weaker yen and overnight rises in the US market.

The Nikkei 225 Stock Average gained 133.69 points, or 1.01 per cent, to 13,318.65. The index rose 3 per cent at the end of Tuesday trading to exceed the 13,000 level for the first time since July 14.

The broader Topix index of all first-section issues was also up 19.01 points, or 1.48 per cent, to 1,306.75.

Sensex Maintains Strength

The BSE Sensex, which shed most of its gains during the last trading Sensex Maintains Strengthsession, continued to trade in the positive zone as it saw heavy buying action in stocks including Metal, Power, FMCG and Power gained ground while auto went down.

At 12:55 p.m., the BSE Sensex stood at 14,096.04, up 246.00 points after touching a high of 14,206.13, whereas the broad-based NSE Nifty gained 85.1 points to trade at 4,227.10.

The market breadth was extremely positive as it experienced 1,738 progressions as against 618 declinations.

Stock Market Fate Depends On Result Of Confidence Motion, Says Vishwas Agarwal

The BSE Sensex made a late surge during the day (July 21) by profiting Stock Market Fate Depends On Result Of Confidence Motion, Says Vishwas Agarwalmore than 200 points at close. The market was trading on a strong note amidst volatility.

Indian equities, expanding the dream rally of Friday, opened positively following firm worldwide cues. But the stock market was not capable of holding its head high in positive zone and shortly slipped into the negative terrain on concern of continuing political havoc in the country.

Eased credit concerns spur buying of financial issues in Tokyo

Eased credit concerns spur buying of financial issues in TokyoTokyo  - Stocks opened higher in Tokyo Tuesday as investors bought financial and banking issues amid eased credit concerns.

The Nikkei 225 Stock Average increased 165.31 points, or 1.29 per cent, to 12,969.01.

The broader Topix index of all first-section issues was also up 11.35 points, or 0.91 per cent, to 1,263.78.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 106.50-55 yen, up from Monday's 5 pm quote of 106.38-48 yen in New York. Japanese financial markets were closed Monday for a national holiday.

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