For Quick Alerts
For Daily Alerts

Global markets surge on Bernanke comments

 Global markets surge on Bernanke comments
Global markets staged a smart rally on comments from Bernanke that the US would need accommodative policy. This raised the hope that quantitative easing in the US in the form of asset purchases in the US would continue.

The Shanghai Composite was the best performing Asian market rallying almost 4 per cent. Other markets that surged were the Hong Kong market with the Hang Sang gaining 2.5 per cent, Seoul Composite gaining 2.74 per cent and the Taiwan Weighted gaining 2.2 per cent.

Meanwhile, the Sensex gained 2.15 per cent led by a strong rally in Coal India, Hindalco, Sesa Goa and Bank of Baroda.

Read more about: sensex nifty global markets
Story first published: Thursday, July 11, 2013, 11:54 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more