U.S stocks rose for fourth day amid optimism - Nirmal Bang

U.S. stocks rose for a fourth day amid optimism companies will report better-than-forecast earnings and that economic growth is strong enough to withstand any reduction in Fed Reserve stimulus.

Asian stocks rose, led by raw-materials suppliers, as the BoJ begins a two-day policy meeting. Stocks pared gains after Chinese exports unexpectedly fell in June.

Sensex rose by nearly 115 points led by bluechips, in step with a smart recovery in rupee. Stock markets mirrored the currency's movement which bounced back from a record low of 61.21 after Sebi and RBI announced a slew of measures to curb speculative trade in currency derivative. The market remained bullish ahead of a meeting to be chaired by Manmohan Singh, where some major decisions to boost the manufacturing sector were expected. Market is expected to open on a positive note but may see some profit booking during the day.

Source : Equity Bulls

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