Asian Market Update

Asian equity markets rebounded on Wednesday

China’s Shanghai Composite rose 0.41 percent or 8.44 points at 2,046.96

Hong Kong’s Hang Seng gained 0.84 percent or 185.10 points at 22,145.74.

Japan’s Nikkei jumped 1.74 percent or 260.14 points at 15,240.30

South Korea’s Seoul Composite added 0.63 percent or 12.05 points at 1,928.98.

Singapore’s Straits Times was down 0.20 percent or 6.23 points at 3,056.18.

Taiwan’s Taiwan Weighted is shut today.

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Stock Cash Plus Calls Today 29-01-2014

BUY PNB (LCP-547.6) ABOVE 549 TG-554-560

BUY GRANULES (LCP 227.2) ABOVE 229 TG-233-238

BUY MARUTI (LCP 1566) ABOVE 1570 TG-1580-1595

BUY FINTECH (LCP-284.4) ABOVE 287 TG-291-296

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Indian Rupee Update

The Indian rupee opened lower at 63.18 per dollar versus 63.10 Monday.

RBI intervention was mild and appeared top be more to contain volatility. Expect the rupee to trade in the range of 62.50-63.50/dollar today.

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