The 30-share index BSE Sensex bounced back into the positive terrain on account of strong buying action witnessed in power, metal, capital goods, telecom and bank stocks.
Selected oil, realty and auto stocks also posted
impressive gains. Information technology stocks slipped from their
higher levels due to lack of support.
FMCG and Pharma stocks remain relatively subdued.
A good buying interest was seen in midcap and smallcap segments.
The market breadth was strong it saw 1258 progressions as against 819 declinations.
Tokyo - Tokyo stocks ended Wednesday morning trading lower on renewed concerns about the economy of the United States, a major export market for Japan.
Amman - Most Middle East stock markets rebounded on Tuesday, propelled by a US plan to rescue the Citigroup conglomerate, a 30- billion-dollar British stimulus plan and improving oil prices, financial analysts said.
Security and Exchange Board of India is closely watching the market conditions and would soon announce fresh steps for the stability of the stock market. It may restrict over-leveraged hedge funds to ensure smooth running of the stock market. SEBI chief, C B Bhave, who was speaking at the HT Leadership Summit expressed his views that Indian Stock markets will be among the first few to recover.
Manila - Philippine share prices soared 6.02 per cent Tuesday, tracking Wall Street's strong performance after a US government bailout of the banking giant Citigroup.
