Thursday, August 11, 2011
Singapore Exchange, Singapore Stock Exchange, Singapore Nifty, Sgx.Com, Sgx Singapore
Sensex, Nifty to bounce back amid global rebound
The Dalal Street is likely to open gap up, having fallen over 800 points in three days amid a global sell-off. The SGX Nifty, indicative of early trade, jumped nearly 1.5 per cent, rising 73 points to 5,168 at 0825 hours.
All Asian stocks reversed trend and were trading with impressive gains on Wednesday morning. Markets in Australia and New Zealand were among the first to open and continued Tuesday's rebound.
Hong Kong’s Hang Seng was trading with over 3.5 per cent gains while South Korea's Kospi rose over 2 per cent. Japan's Nikkei advanced over 1 per cent.
The bounce in global markets came after Wall Street's Dow Jones industrial average finished Tuesday with a 429-point gain after the Fed offered super-low interest rates for two more years.














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