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.