Asian stocks advanced for the second day, as gains by financial companies countered concern the global recession is hurting earnings. India’s benchmark Bombay Stock Exchange Sensitive Index may rise a further 10 percent to 12,300 with investors seeking to buy amid a “market correction” and the outlook for corporate earnings improving, BNP Paribas said.

Tokyo - Tokyo stocks ended Friday morning trading mixed ahead of corporate earnings reports. The benchmark Nikkei 225 Stock Average was down 29.05 points, or 0.33 per cent, to 8,817.96.

But the broader Topix index of all first-section issues inched up 1.73 points, or 0.21 per cent, to 841.23.

Stocks moved narrowly in Tokyo as investors adopted a wait-and-see attitude ahead of Japanese firms releasing their earnings reports.

The Indian market finally breaks its three days losing streak, and settled the day with handsome gains.

On Thursday, the domestic benchmark Index opened the day marginally up, but suddenly it turned volatile tracking mixed cues from the markets all over the world.

However, after touching intraday low, the benchmark indices bounced back on good buying interest. After that, the market didn't turn back and continued to extend its gains tracking recovery in the Asian markets.

Washington - US stocks gained Thursday after energy, technology and tourism firms posted smaller-than-expected losses despite the deep, ongoing US recession.

Marriott International Inc, the largest US hotel chain, posted a net loss of 25 million dollars in the first quarter, largely on one- time restructuring costs that signalled the company was on its way back to profits. Marriott shares jumped 12 per cent.

After volatile session, Indian Stock Markets bounced back smartly. Ending three days of consolidation and range-bound activity, NSE Nifty closed above its 200-day moving average of 3,392. The Sensex hit an intraday high of 11,203 before closing the day at 11,135 up 317 points or 2.93%. The Nifty ended up 2.8% or 93 points higher at 3,424 after hitting a high of 3,439 and low of 3310.

London, Apr. 23: England ‘s cricket selectors are likely to show the door to Warwickshire batsman Ian Bell for the upcoming Test series against the West Indies, though as of now, there is nothing official about it.

Apart from Bell, three contenders are in the running for the number three spot in the England squad – Michael Vaughan of Yorkshire, Ravi Bopara of Essex and Owais Shah of Middlesex, The Independent reports.