ECONOMY ANALYSIS
ONGC, Oil India unlikely to buy Petronas' stake in Venezuela project-sources
How the recent slowdown has taken a toll on FMCG space
Weaker oil, strong equities clip gold prices
Fed can't afford to ignore emerging markets: Lagarde
Expect FY14 to be better than FY13
India most optimistic on hiring plans for Oct-Dec: Manpower
MARKET ANALYSIS
The S&P BSE Sensex rallied over 700 points, extending its winning streak for the fourth straight session on Tuesday as reports that the US may not strike Syria and a strengthening rupee boosted sentiment.
Tracking the momentum, the 50-share Nifty index also rallied over 200 points to test its crucial psychological level of 5,900 on the upside.
The rupee continued to strengthen against the US dollar, as has been the case since Raghuram Rajan took over as the new governor of the Reserve Bank.
The rupee was at a two-week high following weakness in the dollar index.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 19997.10 727.04 3.77
NIFTY 5696.75 216.35 3.81
BANK NIFTY 10188.25 226.85 2.28
ASIAN MARKETS
INDEX CLOSE CHANGE
NIKKEI 14423.36 218.13
STRAITS TIMES 3123.89 335.69
HANG SENG 22976.65 226
TAIWAN INDEX 8208.77 16.66
KOSPI 1994.06 19.39
SHANGHAI 2237.98 25.46
EUROPEAN MARKET
INDEX CLOSE CHANGE
FTSE 6577.73 46.99
CAC 4092.30 51.97
DAX 8414.18 137.86
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