Alex Mathew, head - research centre, Geojit Financial Services, said that the stock market, on Tuesday (Sep 30), recovered a lot from its lows on reports from the Finance Ministry that state run banking institutions do not have risky exposure, and the fundamentals of Indian economic system are really strong. 

Mr. Mathew said, “It is very interesting to note that US Chicago Board Options Exchange’s volatility Index has increased by 39% to 48.4% and finally closed at 46.7% yesterday.”

Sydney - Australian shares soared Wednesday at the opening bell in the wake of a big rise on Wall Street.

The ASX200 put on 163 points, or 3.5 per cent, to reach 4,762 in the first 30 minutes of trading.

Analysts predicted continued turbulence - the index lost 4.2 per cent Tuesday - until a financial bailout package passes the US Congress.

An indication of the uncertainty - and the effect of the market turbulence on the real economy - was the postponement of plans to build a new terminal at Canberra airport.

Tokyo - The Tokyo stock market was higher in early trading Wednes

Cairo  - While world markets were going up and down on Tuesday, in the wake of US Congress defeat of a 700-billion- dollar plan to ease trouble in the financial industry, the Egyptian stock market was safe from all the turmoil.

It was closed - marking the Eid al-Fitr holiday.

The Egyptian Stock Exchange, along with other Arab bourses, were not open due to the three-day feast holiday, which marks the end of the fasting month of Ramadan.

London - After a wobbly start, the London stock market held its nerve Tuesday with the Financial Times Index up by lunchtime while bank shares were among the biggest fallers in a mixed session.

The FTSE-Index was up by 26.03 points - or 0.54 per cent - to reach 4844.80 points in mid-trading.

Analysts said that after the initial shock about the US failure to adopt the bail-out plan, investors were clearly hopeful that a package would eventually be agreed.

Stockholm  - The main stock exchanges in Europe's Nordic region recovered some ground in late morning trading Tuesday.

Although the Stockholm bourse dropped almost 3 per cent just after opening, continuing Monday's slide, it settled and was almost flat in late morning trading.

The Stockholm index closed at a low of 5.4 per cent on Monday, before the US House of Representatives voted against a 700-billion- dollar rescue plan.

Shares in the four main Swedish banking groups regained territory Tuesday, including Swedbank, which had been hammered Monday.

The benchmark indexes in Copenhagen and Helsinki were also up Tuesday after Monday's losses.