Asian stocks rose on speculation Federal Reserve policy makers!

The Mumbai Stock Exchange stands tall, and is ...

The Mumbai Stock Exchange stands tall, and is scaling new heights (Photo credit: Wikipedia)

Key benchmark indices held firm in mid-morning trade as Asian stocks rose on speculation Federal Reserve policy makers won’t announce any major changes to monetary stimulus when they conclude a meeting today, 30 October 2013. The US central bank currently buys $85 billion a month in US debt and mortgage-backed securities in a bid to hold interest rates low and encourage economic growth. Fed’s bond – buying program has been a source of liquidity for most Asian and emerging markets this year. The Sensex was up 43.92 points or 0.21%, up about 31 points from the day’s low and off close to 60 points from the day’s high.

Who Moved and Why

  • Phoenix Mills gains after decent Q2 outcome.
  • Talwalkars firms up after good Q2 results.
  • Schneider Electric Infra drops as Q2 net loss widens.
  • Jubilant Life Sciences jumps on strong outlook.
  • Jai Corp jumps on better-than-expected Q2 earnings.
  • Pidilite Industries strengthens after Q2 results.
  • ALSTOM India drops after poor Q2 numbers.
  • Bharti Airtel gains after Q2 results.
  • Symphony spurts after stellar Q1 outcome.

Read detail analysis report here: – http://www.rrfinance.com/Reserch/Pdf/07-July/Mid%20Session/30th_Oct_MidSession%20Update.pdf

RR Information Research:-http://www.rrfinance.com/Reserch/ResearchHome.aspx

 

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