The better performance of equity in the market of the US has given a boost to Asian market as on Monday, they opened on a green note. Today, Hang Seng, Nikkei and Seoul Composite were seen advancing over 1% each. However, the other notable gainers are Shanghai Composite, Taiwan Weighted and Straits Times gaining in the range of 0.6-0.9%.

It is believed that the successful approval of austerity plan in Greece has helped the Indian market to gain. Last week, the austerity plan did help the Indian economy to scale positive. It helped the domestic market to gain about
3% in the last week, making it the second weekly gain in series. However, overall in the April-June quarter the market lost about 3%.

Although on 24th of June, 2011 prices of the oil were increased, it had a positive impact as the market closed positive on Monday. The following Tuesday also saw a gain day for the investors as market stood up. It is no doubt that the positive development in Greece has pushed the market upward. Moreover, the markets in the US also ended in the green for the fifth day in a row on good economic news.