S&P 500 index snaps 8-day rally - Nirmal Bang

U.S. stocks rose, after the S&P's 500 Index snapped an eight-day rally, as Bernanke said the central bank's asset purchases are not on a preset course.

Asian stocks swung between gains and losses as IT shares fell and telecommunication stocks advanced.

Sensex rose by nearly 98 points led by gains in bluechips, including HUL, NTPC and Wipro, buoyed by govt's decision to liberalise FDI norms in a dozen sectors. A firming trend in the Asian region ahead of Bernanke's address to the US Congress further influenced the sentiment. Market is expected to open on a positive note & likely to advance further during the day.

Source : Equity Bulls

Keywords