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. 

The supportive words from the finance minister and central bank (RBI) and the strong movement in Asian and European stock markets keep the market high up in the positive territory this afternoon.

The stocks are trading strongly on the back of continued buying activity seen across sectors including banking, consumer goods, metal, power and realty. 

Indian stock markets belled the day positively, after closing the last week at 10,527.85, down 800.51 points, on Friday (Oct 10). 

Today, the 30-share index, BSE Sensex opened at 10,817.68 after gaining 289.83 points. 

The 30 share index, Sensex lost 1,998.47 points during in the week ended Oct 10, while the broad based NSE Nifty plunged 538.35 points in the same period.

Mid-cap stocks dropped 1,001.8 points to 3,676 in the week. On the other hand, small-cap shares slipped 1,109.95 points to 4,355.45 during the week.

The markets, all through the week, remained under huge pressure because of turmoil in worldwide markets. 

For the month of August 2008, India’s Index of Industrial Production (IIP) index decline to 1.3% as against 7.1% on m-o-m basis. 

The Indian stock market crashed on Friday (Oct 10) by losing more than 800 points at close. 

The markets remained under huge pressure throughout the day because of turmoil in worldwide markets. Sharp fall in rupee and poor IIP numbers also dragged the Sensex down. 

Technology giant Infosys was down despite better-than-expected quarterly figures. 

RBI and government are taking all possible steps to improve liquidity situation in the Indian market. 

Indian stock markets are still under huge pressure because of turmoil in worldwide markets. 

Sharp Decline in Indian currency and disappointing IIP numbers also dragged the Sensex down. Indian rupee fell to a six-year low against the dollar as weak stock markets impelled investors to retrieve their funds from the markets. 

After falling 1.68% on Wednesday to Rs 48.375, the partially convertible rupee stood at Rs 49.19 a dollar today.

Indian equities crashed during the early trading hours as credit crisis deteriorated, which sent the benchmark indices Sensex and Nifty down by 9.5% and 9% to 10,239.76 and 3198.95 respectively.

Today, the 30-share index, BSE Sensex opened negatively at 10,632.27 after losing 696.09 points. In the previous day session, the Sensex closed with a loss of 366.88 points.

Asian stocks tumbled, forcing Japan’s Nikkei 225 Stock Average down on worry that the deepening credit disaster will push the worldwide financial system into depression.