U.S. Stock rise, led by auto and Technology companies - Nirmal Bang

U.S. stocks rose, led by automakers and technology companies, as a Senate panel voted to authorize military action in Syria and the Fed Reserve said the economy maintained a "modest to moderate" pace of growth.

Asia's benchmark stock index traded near a two-week high, swinging between gains and losses, after the Fed Reserve said a recovery in the US economy is intact and as investors await the Bank of Japan's decision on monetary policy.

Sensex rose on value buying in blue chip stocks after a fall of nearly 4 % was seen as overdone on Tuesday, while IT shares surged on improving business outlook. Shares also tracked a sharp recovery in the rupee after suspected heavy dollar selling by the RBI prevented the battered currency from slipping to a record low. Market is expected to open on a positive note and likely to advance during the day.

Source : Equity Bulls

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