S&P closes higher in 2 weeks - Nirmal Bang

U.S. stocks rose, sending the S&P's 500 Index to the highest level in 2 weeks, on better-than-est labor data as investors watched political developments in Egypt and Portugal.

Asian stocks outside Japan rose after better-than-estimated U.S. jobs data added to signs that the world's largest economy is recovering, boosting the earnings prospects for exporters.

Sensex tumbled by 286 points as Re breaching the 60-mark and draft norms on banks' exposure to corporates with unhedged forex triggered all-round selling. Weak world stock mkts, worries over China's growth, growing crisis in Egypt and fears over political instability in Portugal, pushed up crude oil to USD 105 a barrel. Market is expected to open on a flattish note and expected to remain range bound during the day.

Source : Equity Bulls

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