SGX Nifty Brings In Mixed Blessing

By Sayantika Ghosh, Gaea News Network
Friday, April 9, 2010

Re: Sgx Nifty

MUMBAI, INDIA (GaeaTimes.com)- In spite of the fact that the equity shares has been hovering worldwide, Indian equities have witnessed an astonishing comeback which is a fine push towards positive lines. Reportedly, the Indian Equities have been suffering vehemently in the past quarters. SGX Nifty has witnessed a steady increase in the rise of gas and oil. As witnessed at the SGX Nifty, Thursday reports have indicated a market shutdown at the lowest possible point yesterday when sell was about to prosper and buyers haven’t flocked in to the show.

SGX Nifty, as reported last on Wednesday, was trading at around 5385 in the morning which makes it a 14 point high when compared to 5371 which was the closing figures as of Tuesday market. With the rise in the Asian Stocks, MSCI Asia Pacific Index has witnessed investors doting over the Federal Reserve which is said to have left a heavy impact upon all low US interest rates.

Reportedly at around 9:15 am today, the NSE Nifty was reported to be trading at pretty good figures which was 34.90 points ahead of the last standings at SGX Nifty. Even Bombay Stock Exchange Sensex was recorded at figures like 17,853.67 which means it’s ahead by 139.27 points. Not to forget that BSE opened at 17,715.16. Apart from the SGX Nifty and the BSE, Dow Jones Industrial Average procured 29.55 point which when calculated over 0.27 per cent, draws its finishing line at a figure of 10,927.07. SGX Nifty also recorded stock loses with Nikkei which staggered at around 0.14 per cent. But Nikkeiwas not alone at the SGX Nifty. Topix index also recorded a 0.21 per cent downfall, while Kospi had its shutters down at 0.69% loss on their stocks.

Filed under: Business

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