Indian Stock markets have opened strong on Wednesday. NSE Nifty was trading 44 points higher at 2828 while BSE Sensex was up by 136 points at 9298. Tata Communications was among major gainers in todays trade. The stock was trading up by 7% followed by Sterlite, SAIL, DLF and Reliance Communications.

Tata Steel gained further ground. The stock was trading Rs 7 higher at 203. Reliance Industries was also helping BSE Sensex. The stock was up by Rs 27.

Among other gainers were Grasim, Wipro, Reliance Infra, GAIL, ICICI Bank, ABB, Satyam Computers, NALCO, Unitech, Suzlon Energy, HCL Tech, Ranbaxy Labs, Cipla, NTPC and Reliance Petro.

Tokyo  - Stocks in Japan were up slightly on Wednesday despite bad news about the state of the country's economy and businesses.

The benchmark Nikkei 225 Stock Average was up 95.68 points, or 1.14 per cent, at mid-trading, as traders pin their hope on fiscal stimulus packages around the world.

The broader Topix index of all first-section issues rose 0.56 per cent to 822.5.

New York - US stocks slid on Tuesday as companies cut their earnings forecast as consumers cut spending to cope with the recession.

The blue-chip Dow Jones Industrial Average shed 242.85 points, or 2.7 per cent, to 8,691.33. The broader Standard and Poor's 500 Index lost 21.03 points, or 2.3 per cent, to 888.67, while the technology heavy Nasdaq Composite Index fell 24.40, or 1.6 per cent, to 1,547.34.

Tokyo  - Japanese stocks rose Tuesday despite a revised government estimate outlining an annualized third-quarter gross domestic product (GDP) decline of 1.8 per cent.

Driven up by gains on Wall Street and a rally in commodities, the benchmark Nikkei 225 Stock Average closed up 66.82 points, or 0.8 per cent, to 8,395.87.

The broader Topix index of all first-section issues rose 5.86 points, or 0.72 per cent to 817.94.

On currency markets at midday (0300 GMT), the dollar was quoted at 92.75-80 yen, compared to Monday's 5 pm quote of 93.01-03 yen.

Tokyo  - Japanese stocks rose Tuesday despite a revised government estimate outlining an annualized third-quarter gross domestic product decline of 1.8 per cent.

Driven up by gains on Wall Street and a rally in commodities the benchmark Nikkei 225 Stock Average was up 40.38 points, or 0.48 per cent, to 8,369.43 by mid-trading.

The broader Topix index of all first-section issues rose 5.8 points, or 0.71 per cent to 817.88.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 93.00-03 yen, compared to Monday's 5 pm quote of 93.01-03 yen.

Indian Stock markets opened strong on Monday and gained further ground during first few hours. The markets, however, could not sustain at higher levels and slipped during the last one hour of trading session. BSE Sensex closed at 9161 with a gain of 196 point. NSE Nifty closed 70 points higher at 2784. Buying was witnessed in select counters in Power, Telecom, Real Estate, Metals and Capital goods sectors.

BSE Sensex touched and intraday high of 9432 and a low of 9095.

BSE Auto index started the day stronger but towards of the end of the session, ended only 1.2% up. Banking, Capital Goods, Metals, PSU and Technology counters ended the day stronger. Midcap stocks were marginally down while smallcap stocks gained.