INDIA

In addition, covering up of pending short positions in the last session before August month expiry in the derivatives segment on the National Stock Exchange today supported the recovery in stock prices.The 30-share BSE index, which lost 213.49 points in yesterday's session, recovered by 87.00 points, or 0.53 per cent, to 16,371.98 in opening trade.In a similar fashion, the wide-based National Stock Exchange Nifty index moved up by 27.75 points, or 0.54 per cent, to 4,915.85.Brokers attributed the initial recovery in stock prices to a firming trend on other Asian markets in tandem with overnight gains in the US market following an upbeat report on durable goods orders.Furthermore, short-covering by speculators in the last session before current month expiry in the derivatives segment also helped the trading sentiment to improve, they said.Meanwhile, in the Asian region, Japan's Nikkei Index rose by 1.43 per cent and Hong Kong's Hang Seng Index by 1.42 per cent in early trade today. The Dow Jones Industrial Average ended 1.29 per cent higher in the previous session. [More]
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