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The Intraday share market gained more than a percent in early trade on Friday
following stimulus package announced by European Central Bank yesterday
evening. The Sensex rose 275.61 points to 29281.63 and the Nifty climbed 66.55
points to 8827.95. About 523 shares have advanced, 92 shares declined, and 175
shares are unchanged on the BSE.
Global Intraday markets cheered the ECB stimulus program with Asian markets trading higher. US stocks climbed on Thursday, extending gains into a fourth session, after the ECB expanded stimulus and as companies posted upbeat quarterly earnings. The CBOE volatility index fell 13 percent to 16.40. European equities too closed with gains of over 1 percent. The euro, however, slipped to an 11-year low.
In other asset classes, Nymex crude futures jumped around USD 1 after Saudi Arabia announced news that King Abdullah had died. Brent was trading around USD 49. And, from the precious metals space, gold prices rise above USD 1300 dollars an ounce post the ECB decision as gold is usually seen as a hedge against inflationary concerns.
Global Intraday markets cheered the ECB stimulus program with Asian markets trading higher. US stocks climbed on Thursday, extending gains into a fourth session, after the ECB expanded stimulus and as companies posted upbeat quarterly earnings. The CBOE volatility index fell 13 percent to 16.40. European equities too closed with gains of over 1 percent. The euro, however, slipped to an 11-year low.
In other asset classes, Nymex crude futures jumped around USD 1 after Saudi Arabia announced news that King Abdullah had died. Brent was trading around USD 49. And, from the precious metals space, gold prices rise above USD 1300 dollars an ounce post the ECB decision as gold is usually seen as a hedge against inflationary concerns.
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