1:30 pm Asian market: Japan's Nikkei share average ended
almost flat as profit-taking set in after it had hit a 15-year high earlier
ahead of central bank policy meetings in Japan and the United States later this
week. The Nikkei share average closed at 19,246.06, having peaked at 19,349.20
in early trade as investors bought banks and other domestic demand oriented
shares. Investors took profits in recent gainers such as drugmakers, rubber
product makers and railway and truck companies.
The market is still under selling pressure. The Sensex is down 57.96 points
at 28445.34, and the Nifty is down 17.50 points at 8630.25. About 915 shares
have advanced, 1765 shares declined, and 170 shares are unchanged.
Infosys, Bajaj Auto, Wipro, HDFC Bank and Sun Pharma are top gainers in the
Sensex while Sesa Sterlite, NTPC, HDFC, Hindalco and Bharti Airtel arelaggards.
Meanwhile, International Monetary Fund chief Christine Lagarde said the
global economic recovery remains "too slow, too brittle and too lopsided",
singling out divergences in monetary policy as a risk that could causefinancial market volatility.
Christine Lagarde reiterated the IMF's forecast that, more than six years
after the global financial crisis, the world economy would grow by just 3.5
percent this year and 3.7 percent in 2016. More information please visit this
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