U.S. Stocks rose on Tuesday - Nirmal Bang

U.S. stocks rose, following the worst month since May 2012 for the S&P's 500 Index, as better-than-forecast economic data overshadowed concern over possible military action against Syria.

Asian stocks fell, with the benchmark regional index snapping a four-day advance, as the threat of a military strike against Syria left oil trading near a two-year high, curbing the outlook for global economic growth.

Sensex snapped its three-day winning streak and fell over 700 points on Tue as cautious buyers chose to remain on the sidelines thanks to a weak rupee which plunged over 3% in trade today to 68.05. Analysts say the market is likely to continue with its downward momentum as the pull-back rally seems to have fizzled out. The rupee weakened against the US dollar for a second day in a row on the back of demand from oil importers and as the greenback appreciated against other global currencies. Market is expected to open on a flattish note and likely to remain under pressure during the day.

Source : Equity Bulls

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