Manila - Philippine share prices rose 2.19 per cent on Wednesday as investors snapped up bargain stocks on positive news that crude oil prices were easing.

The 30-share composite index of the Philippine Stock Exchange gained 52.96 points to close at 2,462.94, from Tuesday's finish of 4,209.98.

A total of 1.36 billion shares worth 2.50 billion pesos (56.8 million dollars) were traded.

Advancers led decliners 69 to 29, while 42 issues were unchanged.

Mumbai, July 23 : The United Progressive Alliance Government’s victory in yesterday’s confidence motion in the Lok Sabha gave a boost to today’s Sensex, which soared to 650 points in the early hours of the market opening.

Investors were enthusiastic on a buying spree across the board. Banking stocks were in demand followed by realty and power stocks.

At 10 am, the Bombay Stock Exchange''s Sensex soared to 14,739.79 level, up 4.5 per cent or 636 points from Tuesday''s close.

National Stock Exchange''s Nifty climbed 4.28 per cent or 181.35 points to 4421.45 level.

The BSE Sensex marked its closure on a strong note on Tuesday (July 22) following 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.

New York - 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 - 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.

The BSE Sensex, which shed most of its gains during the last trading session, 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.