Indian stock markets are likely to remain range bound in today’s trading session.

After opening with a gain of 494.41 points, at 14,978.24 on Monday (Sep 08), the market traded in a range bound manner all through the day.

At last, the BSE Sensex ended the day at 14,944.97, up 461.14 points, after hitting a high of 15,107.01 and a low of 14,917.06. The broad-based NSE Nifty gained 130 points at 4,482.30 after touching a high of 4,558 and a low of 4,358.30.

Indian equities gained on a positive note on Monday (Sep 08) after shedding some of its gains during the late trade.

The bulls were back in action and recovered 15,000 mark again. Heavy buying action was witnessed in midcap and smallcap stocks.

The BSE barometer, which lost 415.27 points during the previous trading session (Friday, Sep 05), opened with a gain of 494.41 points, at 14,978.24 on Monday getting Nuclear Suppliers’ Group (NSG) waiver on nuclear energy for civilian purpose from the US.

Tokyo - Tokyo stocks opened lower Tuesday as investors sold shares to lock in profits from the previous day's gains.

The benchmark Nikkei 225 Stock Average declined 185.43 points, or 1.47 per cent, in morning trading to 12,439.03.

The broader Topix index of all first-section issues was also down 21.44 points, or 1.76 per cent, to 1,194.97.

Tokyo players sold shares to reap profits from Monday's rises when the Tokyo indices shot up more than 3 per cent on the US government taking control of the two largest US mortgage lenders and guarantors, Fannie Mae and Freddie Mac.

Washington  - US stocks soared Monday as investors welcomed the government takeover of beleaguered mortgage giants Fannie Mae and Freddie Mac.

The Dow Jones Industrial Average and broader Standard & Poor's 500 Index both climbed more than 2 per cent, after Asian and European stocks made extensive gains Monday.

Financial and homebuilding shares led the US surge after the Treasury on Sunday said it would place Fannie and Freddie in a conservatorship, replacing their chief executives and eliminating share dividends.

Amman  - The financial problems facing the US real estate mortgage giants Fannie Mae and Freddie Mac are not expected to have a "direct" impact on Arab markets, financial analysts said Monday.

"I don't think the difficulties suffered by the two US firms could have a direct impact on the Jordanian and other stock markets," Nizar Taher, head of brokerage at the Jordan Ahli Bank, told Deutsche Presse-Agentur dpa.

Beijing - China's two stock markets fell sharply Monday despite new rules designed to boost the markets and a global rebound sparked by the US government's bailout of two troubled mortgage giants.

The key Shanghai Composite Index, which tracks shares traded in foreign and local currencies, lost 59.03 points, or 2.68 per cent, to end the day at a 21-month low of
2,143.42.

State media said concerns over slower economic growth and continuing slumps in petrochemical and property shares prompted Monday's fall in Shanghai and the smaller Shenzhen Compenent Index, which also lost about 3 per cent.