MARKET WRAP
Nikkei put on 1.1% @ 95.40 pts, SSE Composite Index also up by 25.01pts.
Nifty ended down losing 45.55 pts, Sensex ended down losing 156.85 pts.
Dow Jones Ind. Avg up 135.10 pts, Nasdaq also up 68.42 pts.
The BSE Sensex and NSE Nifty fell as much as 1.1% each on Tuesday, weighed down by sharp depreciation in the rupee. However, the global markets stayed positive, even after Fitch downgraded Japan to A+ from AA. MSCI's global equity index rose 0.5% for a gain of about 1.7% from lows hit last week when investors shunned riskier assets.
FOR MORE DETAILS AND CHARTS AND FIGURES JUST HAVE A LOOK AT THE REPORT HERE
http://www.theequicom.com/reports_files/DAILY%20NEWS%20LETTER%2023.05.2012.pdf
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