INDIAN BENCHMARKS rose nearly 4% led by comments from International Monetary Fund and ECB stimulus which pushed markets to mark fresh record closing high. International Monetary Fund (IMF) on 19 January 2015, announcing India's economy will be world's fastestgrowing major economy in the year through March 2017, the European Central Bank (ECB) announcing a massive new bond-buying program on 22 January 2015.
Further, Finance Minister Arun Jaitley will present his first full-year budget on February 28 for the 2015/16 fiscal year, a government official said on Wednesday. February 28 is a Saturday. The parliament session will begin on February 23 and will continue till March 20. The new fiscal year begins on April 1.
The INDIAN BENCHMARKS surged 1,156.95 points or 4.11% to settle at 29,278.84, while CNX Nifty jumped 321.80 points or 3.77% to settle at 8,835.60, a record closing high for the index.
GLOBAL MARKET CHASE
ASIAN STOCKS average rose to a near one-month high on Friday as investors' risk appetite was buoyed after the European Central Bank unveiled a bond-buying scheme to help revive the region's economy and stave off deflation.
U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday.
EUROPEAN STOCKS rose in early trade, enjoying their best two-week rally in five years, as investors cheered the European Central Bank's decision to buy government bonds.
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