New York - The US automotive industry led Wall Street's broad-based Standard and Poor's 500 Index higher Friday, after President George W Bush announced emergency loans to keep struggling carmakers afloat through the winter.
The government move calmed fears that General Motors and Chrysler could both collapse within days without an interim bail-out.
On prospects of more measures from the government to stimulate the ailing real estate and auto sectors, stocks from these segments have rallied sharply in today’s session.
The key realty stocks gained the most followed by auto and power stocks.
Among the sectoral indices, BSE Realty surged 8.59%, Auto zoomed 3.05% and Power arose 2.11%, while IT lost 0.89%.
The Sensex, which had slipped into the negative around noon after an earlier sharp upmove, gained momentum on account of buying interest across index heavyweights.
Tokyo - Stocks in Tokyo fell in Friday morning trading shortly before a central bank decision on interest rates after drops overnight on Wall Street.
The benchmark Nikkei 225 Stock Average was down 94.95 points, or 1.1 per cent, at 8,572.28.
The broader Topix index of all first-section issues also declined 3.16 points, or 0.38 per cent, to 835.53.
The Bank of Japan was ending a two-day meeting Friday, after which it was expected to lower interest rates as the world's second-largest economy finds itself in recession.
New York - US stocks plunged on Thursday as oil prices dropped to new lows and the White House continued to stall on a possible bail-out for the US car industry.
General Motors Corp dropped 16 per cent and Ford Motor Co fell 10 per cent after spokeswoman Dana Perino said the White House was considering a structured bankruptcy for the struggling industry.
The Sensex continued to trade in the positive terrain as better than expected annual rate of inflation boosted the market reaction. Intense buying was witnessed across index heavyweights.
Realty, banking, power and IT stocks have rallied sharply. BSE Midcap and Smallcap index gained 1.30% and 0.43% respectively.
The 30-share index, BSE Sensex today (Dec 18), started the day negatively at 9,710.20, down 5.09 points, after a fall of 2.62% on the previous working day.
New York - The US automotive industry led Wall Street's broad-based Standard and Poor's 500 Index higher Friday, after President George W Bush announced emergency loans to keep struggling carmakers afloat through the winter.
On prospects of more measures from the government to stimulate the ailing real estate and auto sectors, stocks from these segments have rallied sharply in today’s session. 
Tokyo - Stocks in Tokyo fell in Friday morning trading shortly before a central bank decision on interest rates after drops overnight on Wall Street.
New York - US stocks plunged on Thursday as oil prices dropped to new lows and the White House continued to stall on a possible bail-out for the US car industry.
The Sensex continued to trade in the positive terrain as better than expected annual rate of inflation boosted the market reaction. Intense buying was witnessed across index heavyweights. 
