Asian market was found to be trading in profit due to several reasons, and some of the reasons, were improving conditions of US economic data and Progress in European sovereign debt.
Australian stocks overcame the two-week red atmosphere and saw the rise, and that by 91.1 points amounting to 4173.4 and the broader Ordinaries index rose to 89.1 points or by 2.15%. The credit of the jump has been given to the Asian investors.
During the past week, the Asian stocks were observed to face a roll down whereas the MSCI Asia-Pacific ex-Japan index has dropped to the mid-480s. In the Wednesday and Thursday trade, the Australian market had hit the several short-term technical downside skids.
It was reported that some of the companies had an unusual movements of shares in the Thailand trading.
The SET Index has decreased by 0.85 points or 0.1% to 1,133.53. The gauge has increased 8.8% this month. Asia Plus Securities Pcl (ASP), Thailand’s third-biggest stock brokerage by market value, has decreased by 2% to
2.98 baht. The company’s second-quarter profit decreases by 9.5% to 111.6 million baht ($3.75 million).
The benchmark index of the Asian stocks got higher for the third week, reason behind being the rise of the Asian stocks and the increase in the U. S. retail sales and employment, which boosted the outlook for earnings at companies that tied to the global economic recovery.
Bombay Stock Exchange Sensex is up by 201 points and ended at 18,694 whereas, Nifty ended at 5,600.4, up by 55 points. Sensex has gone up by 943 points in the past four sessions and this time it is up by 201 points, portraying its longest winning mark in three months. The Indian market ended at a good note as smart gains were witnessed.
Indian stock markets remained strong today on the back of heavy buying action across the board.
All the sectoral indices were ruling in the positive terrain with real estate, IT and capital goods topping the sectoral gainers pack.
At 11:45 a. m., the 30-share index BSE Sensex remained up by 154.93 points to trade at 19098.07.
It also hit an intraday high of 19116.25 and an intraday low of 18944.82 thus far.
Indian equities were trading in a narrow range even as Asian stock markets slipped lower taking signals from feeble US economic facts and public unrest worries in Libya and Saudi Arabia.
In the meantime, January's IIP data were above market anticipations.
India's Industrial Output arose at 3.7% as compared to 2.5% during December.