Indian equities pared their gains, on Friday (July 25), because of renewed worries that credit market losses will expand and a decelerating worldwide economic system will diminish earnings.

Moreover, the stock markets fell following news of a bomb blast in outskirts of IT city Bangalore. At least two persons died and 20 people injured in eight blasts, which hit Bangalore’s central business area and other crowded regions.

New York - Major US stock indices rose Friday on the back of some better-than-expected economic data, giving investors hope that a nationwide slowdown in growth may be slowly coming to an end.

The Commerce Department reported that durable goods orders rose 0.8 per cent in June, marking the first consecutive monthly rise since July of last year. Economists had expected a 0.3-per-cent decline.

New York - Major US stock indices rose Friday on the back of some better-than-expected economic data, giving investors hope that a nationwide slowdown in growth may be slowly coming to an end.

The Commerce Department reported that durable goods orders rose 0.8 per cent in June, marking the first consecutive monthly rise since July of last year. Economists had expected a 0.3-per-cent decline.

Sydney - Australian shares tumbled Friday after losses on Wall Street and an announcement by National Australia Bank that it was increasing provision for debts linked to mortgage-backed securities in the United States.

The ASX 200 lost 3.3 per cent, falling 173 points to 4,970.

National Australia Bank shares fell 14 per cent and dragged down other financial stocks. ANZ plunged 9 per cent, Commonwealth Bank 6 per cent and Westpac 5 per cent.

National Australia Bank chief executive John Stewart said it was best to plan for the worst.

New Delhi - Indian stocks tumbled in morning trading on Friday as the benchmark Sensex shed 3 per cent on heavy selling by funds and investors tracking weak global markets.

The 30-share-sensitive index, which lost 165.27 points in the trading on Thursday, extended losses for another day as it slumped by 446.84 points to 14,330.17, a loss of 3.02 per cent in early trade.

The bourse recovered slightly and was trading at 14,350 at noon.

Tokyo (dpa) - Tokyo stocks opened lower Friday as investors locked in profits from the previous day's gains.

The Nikkei 225 Stock Average lost 209.5 points, or 1.54 per cent, to 13,393.81.

The broader Topix index of all first-section issues also down 26.62 points, or 2 per cent, to 1,305.95.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.28-33 yen, down from Thursday's 5 pm quote of 107.82-84 yen.