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Wednesday, August 20, 2008
MARKET UPDATE
MARKET SUMMARY UPDATE FOR 20 AUGUST 2008
The market ended with decent gains after it had posted losses forthe last five successive trading sessions. However, it came offfrom a intra-day high hit in late trade. Asian stocks rebounded from a two-year low as Chinese shares surgedon hopes the government will introduce a stimulus package to boostthe slowing economy and aid the stock and property markets.European markets which opened after Indian market were in green. The BSE 30-share Sensex rose 134.50 points or 0.92% to 14,678.23.At day's high of 14,746.20, the index gained 202.47 points in latetrade. At the day's low of 14,584.03, the Sensex was up 40.30points in mid-morning trade. The S&P CNX Nifty rose 47.50 points or 1.09% to 4,415.75.
The market ended with decent gains after it had posted losses forthe last five successive trading sessions. However, it came offfrom a intra-day high hit in late trade. Asian stocks rebounded from a two-year low as Chinese shares surgedon hopes the government will introduce a stimulus package to boostthe slowing economy and aid the stock and property markets.European markets which opened after Indian market were in green. The BSE 30-share Sensex rose 134.50 points or 0.92% to 14,678.23.At day's high of 14,746.20, the index gained 202.47 points in latetrade. At the day's low of 14,584.03, the Sensex was up 40.30points in mid-morning trade. The S&P CNX Nifty rose 47.50 points or 1.09% to 4,415.75.
