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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.
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