The market has
cooled off from early gains but is still holding firm. The Sensex is
up 308.03 points or 1.2 percent at 25625.90, and the Nifty is up
98.10 points or 1.3 percent at 7786.35. Asian shares surged , with
Japan's benchmark Nikkei index reaping monstrous gains, following the
positive finish in offshore markets and as investors bet on China to
step on the stimulus pedal soon. Nikkei is up over 1000 points.
About 1646 shares
have advanced, 444 shares declined, and 69 shares are unchanged.
Vedanta, Hindalco,
Tata Steel, Infosys and Maruti are top gainers while GAIL and HUL are
down around 1 percent each.
Crude oil prices
rose on as Asian stock markets caught a tailwind from a strong
performance in the United States and Europe, although fuel markets
remained generally dogged by oversupply.
Asian shares gained
after upbeat German economic data powered rising US and European
markets, and traders said the more upbeat sentiment in Asia had
flowed through to oil markets.
However, concerns
remained that high global production was being met with a growing
slowdown in demand, especially in the United States where the end of
the summer driving season means slowing consumption.
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Nifty Updates
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