The Bombay Stock Exchange's benchmark index, the Sensex ended near 4-month high on Tuesday led by banks on hopes that improvement in net interest margins would boost first quarter earnings. The Sensex surged 226 points to close at 17,618, its highest close since March 15 when it had closed at 17,676. The 50-share Nifty advanced 70 points to end at 5,345 levels.
Meanwhile, the European markets were trading higher after the finance chiefs ratified a deal to rescue Spanish lenders.
The euro-zone ministers agreed to grant Spain an extra year until 2014 to reach its deficit reduction targets and set the parameters of an aid package for Madrid's ailing banks. But they made no apparent progress on how the bloc's new rescue fund, the ESM, will be used to intervene in bond markets. Following this news, CAC40, DAX and FTSE advanced 0.8-1% each.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.