Asian markets barring China remained strong, led by relief rally. Taiwan Weighted rallied 3.4 percent followed by Hang Seng, Kospi and Straits Times with 1.6 percent upside. Nikkei rose 0.9 percent.
Equity benchmarks clawed back again amid volatility ahead of expiry of August Nifty derivative contracts (on Thursday). The Sensex gained 142.48 points at 25884.04 and the Nifty rose 41.35 points to 7850.35. The BSE Midcap also recovered, up half a percent but Smallcap remained under pressure, down 0.4 percent. The market breadth was weak as about 718 shares have advanced against 1237 shares declined on the Bombay Stock Exchange. Coal India, Axis Bank, Vedanta, Tata Steel, Bajaj Auto, Cairn India, Yes Bank and BPCL topped the buying list, up 2-5 percent. However, NTPC, GAIL, HDFC, Ambuja Cements, Bharti Airtel and Hero Motocorp lost 2-5 percent. Asian markets barring China remained strong, led by relief rally. Taiwan Weighted rallied 3.4 percent followed by Hang Seng, Kospi and Straits Times with 1.6 percent upside. Nikkei rose 0.9 percent. However, China's Shanghai Composite index fell 4.3 percent amid sharp fluctuations, but was off the day's low of 3,004.1. The bourse had plummeted 6 percent at the start of trade to hit its lowest level since December 2014.
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