Stocks are likely to open on a firm today tracking the near term global trend as Barrack Obama's swearing in as US President is expected to keep sentiment upbeat. However high volatility may not be ruled out. Asian markets rose as higher commodity prices, US proposals to shore up the world's largest economy, and a weaker yen boosted the outlook for earnings. The Nikkei was up 0.76 per cent, Topix rose 0.36 per cent, Hang Seng climbed 1.38 per cent and CSI 300 added 2.2 per cent. SGX nifty up only 10 points now. The Dow Jones industrial average rose 68.73 points, or 0.84 per cent, to 8,281.22. The Standard & Poor's 500 Index gained 6.38 points, or 0.76 per cent, to 850.12. The Nasdaq Composite Index was up 17.49 points, or 1.16 per cent, at 1,529. 33.
Back home, key benchmark indices rallied on optimism that the US government will act to prevent the year-long recession from deepening also aided the surge on the domestic bourses and rescue of the largest US bank by assets, Bank of America. The BSE 30-share Sensex gained 276.85 points or 3.06% to 9,323.59 and the S&P CNX Nifty advanced 91.75 points or 3.35% to settle at 2828.45, on that day. Foreign institutional investors (FIIs) were net sellers worth Rs 585.41 crore while mutual funds bought shares worth Rs 400.73 crore on Friday, 16 January 2009, according to provisional data on NSE. more details http://www.16anna.com/morninignotes.aspx --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "forex trading" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/forex-trading -~----------~----~----~----~------~----~------~--~---
