Asian stocks rose on Wednesday on optimism the global
economy is strengthening.
world
market extended gains and hit fresh intra-day high in mid-morning trade as
firmness in Asian stocks boosted sentiment. The barometer index, the S&P
BSE Sensex and the 50-unit CNX Nifty, both, hit their highest level in nearly
two weeks. The Sensex was up 188.35 points or 0.9%, off close to 20 points from
the day's high and up about 130 points from the day's low. The market breadth,
indicating the overall health of the market, was strong. All the thirteen
sectoral indices on BSE were in the green. IT stocks rose on positive economic
data in US with Infosys hitting record high
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