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Market Update : 
Second Day Tech Rally
Author: 123jump.com Staff
123jump.com
Last Update: 2:34 PM EDT April 16 2008


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Stocks in India edged higher after a rally in tech stocks. Infosys earnings lifted the tech sector for the second day in a row. Rallies India soared 6% after it reported earnings of 115% to 125 crore rupees and sales increase of 7.6% to 692 crore rupees for the year ended in March. Nicholas Piramal agreed to purchase antibiotics and pain killers drugs from Khandelwal Labs for 116 crore rupees.

 
In Tokyo Nikkei 225 Index closed higher 155.55 or 1.20% to 13,146.13, in Hong Kong Hang Seng index decreased 22.98 or 0.10% closed to 23,878.35. In Australia ASX 200 index higher 69.90 or 1.29% to close 5,470.30. In Malaysia KL Composite index increased 9.44 or 0.76% closed to 1,253.64.

In South Korea Kospi Index increased 16.39 or 0.94% to close at 1,758.56, in Thailand SET index closed higher 6.28 or 0.76% to 833.38 and Indonesia JSE Index edged increased 43.67 or 1.90% to 2,337.92. Sensex index in India increased 90.53 or 0.56% to 16,244.19.

In London FTSE 100 Index closed higher 139.30 or 2.36% to 6,046.20, in Paris CAC 40 Index increased 74.42 or 1.56% to close at 4,855.10 and in Frankfurt DAX index higher 117.79 or 1.79% to close at 6,702.84. In Zurich trading SMI increased 63.28 or 0.88% to close at 7,250.70.
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