India: Again for the last week, Indian stock market saw the positive journey as the BSE Sensex ended higher by nearly 3% over its last week’s closing level. It managed to end at 10348 which is very good news for Indian Stock Market. Inflation rose a little to 0.31 from 0.27 a week earlier. Indian Stock Market was closed on Friday for Ram Navmi.
Asian Markets: The other Asian markets such as Hong Kong (up 3%), Japan (up 1.4%) and China (up 1.9%) ended on a positive note as well. It is believed that Asian stocks ended on a positive note on account of the G-20 leaders agreeing on substantial measures to fight the global recession.
Global Markets: All other Major global market ended on a firm note for the week. Brazil led the queue of gainers with about 5.9%. It was followed by Germany (up 4.3%), France (up 4.2%), UK (up 3.4%) and US (3.1% up).
The last week was really a good note for market trend in upcoming days as many of them as breached their resistance levels. But it may not be long lasting.
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