S&P 500 index rebounds from 8-week low - Nirmal Bang

U.S. stocks rose, with the S&P's 500 Index rebounding from an eight-week low, as energy shares rallied and investors watched developments on Syria.

Asia's benchmark stock index rose from a two-month low, led by energy shares, after concern military action against Syria will disrupt global oil supplies fueled gains in commodities this week.

Markets were witnessing another day of bloodbath on Wed; Sensex had plummeted more than 500 points and the rupee had slumped to 68.75 against the dollar. But then the markets made an upward turn in afternoon trade. Although not official, dealers said it was the intervention by LIC in the stock markets and the RBI in the currency markets that changed the mood. Passage of Food Security Bill is one big overhang on markets and the rupee, as most analysts feel it will have negative impact on fiscal deficit number. Market is expected to open on a positive note but may see some correction during the day.

Source : Equity Bulls

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