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Seventh Consecutive Downfall breaks , Sensex climbs 464 points , Nifty shoots 140 points
Indian Markets showed a strong movement despite a negative move in noon trade. It moved higher after turning to negative and closed towards higher levels in day trade. It Fianlly broke the seven day negative closing. In noon trade both indices traded in negative territory during the day, but strong pullback rally and fear in traders for RBI rate cut left both the benchmark indices to closed with more than 5% gains, outperforming most of its Asian markets. Short Covering rally seen in frontliners, Power, oil & gas and capital goods stocks. Sensex ended the day with a gain of 464.20 points, or 5.49% at 8,915.21 after touching a high of 8,988.03 and a low of 8,442.31. The broad-based NSE Nifty gained 140.30 points, or 5.50% at 2,693.45 after hitting a high of 2,718.60 and a low of 2,539.80. BSE Midcap and Smallcap index rose 0.72% and 0.16% respectively.
Sectoral : Barring BSE Realty index, which lost 2%, all the sectoral indices finished in green. Power and Oil & Gas indices were the top gainers, putting on 6.2% and 5.7% respectively. Reliance Infra and R Com gained the most among sensex stocks, climbing 14% and 13.6% respectively, while DLF and JP Associate were the top losers, falling 3.4% and 2.2% respectively. Weekly Levels : Week-on-week, sensex is down 5% while Nifty has lost 4.16%. Realty index plunged 18.2% during the week followed by Bankex, which shed 10.8%. In U.S this week was also not great for them, key index of U.S S&P was down more than 8% and Nasdaq off nearly 9%.
Asian Markets : All Asian market closed in deep green barring Shanghai's SSE Composite Index, in closing it was down about 14.37 points at 1,969.39 . Japan Nikkei 225 index closed in green with 207.75 points as a gain at 7,910.79 . HangSang strongs its grounds by gaining 360.64 points at 12,659.20. Indian Markets were outperformer in the region with a gain more than 5 % .
European Markets : It was not a good day for region , after opening on stronger nod all of them slided to negative and closed with a cut of 2 - 4 %. France's CAC 40 index closed in red with a cut of 99.16 points at 2,881.26 . U.K's FTSE 100 closed with a cut of 94.03 points at 3,780.96 . Germany's DAX closed in red with 92.79 points at 4,127.41 .
American Markets : It was good day for U.S as like as Indian Market , as Dow traded and closed over 8000 marks and SnP 500 index came off from his 13 year lows. Dow surged to 8,046 levels with a gain of 494.13 points . Nasdaq shoots to 1,384 with a gain of 68.23 points and the star SnP 500 index closed higher with a gain of 47.59 points and closed at 800 levels. 
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