₹83 to ₹83.70," he said.Global stocks mostly rose on Wednesday with a positive year-end mood continued. The Dow Jones Industrial Average led gains on Wall Street, advancing 0.3% to finish at another all-time high of 37,665.52. In European markets, London leading the way as it closed 0.4% higher.
Hong Kong also returned from a long break to close 1.7% higher.In other major markets, S&P 500 closed up at 0.1% at 4,781.58, Nasdaq closed up 0.2% at 15,099.18; FTSE 100 was up 0.4% at 7,724.95. The Frankfurt DAX closed 0.2% up at 16,742.07 and EURO STOXX 50 was also up 0.2% at 4,528.38. In Asia, Nikkei 225 was up 1.1% to close at 33,681.24 on Wednesday.
Hang Seng Index jumped 1.7% at 16,624.84 and Shanghai Composite registered a 0.5% rise to close at 2,914.61 on Wednesday.Asian shares touched five-month highs on Thursday as market wagers on ever-more aggressive rate cuts extended a huge rally in U.S. stocks and bonds, but also left plenty of scope for disappointment next year, says Reuters report. MSCI's broadest index of Asia-Pacific shares outside Japan has gained 10% in two months and added another 0.3% on Thursday to its highest since August.Japan's Nikkei was off 0.4% as a rebound in the yen has kept its gains for December to a minimum.
Chinese shares have generally missed out on the global cheer as foreign investors shun the country, worried about economy's faltering recovery and tensions with the United States. Blue chips were up 0.5% on Thursday, but are down 4% for December so far.The Gift Nifty indices open in green indicating a positive opening for other major Indian markets. Market experts and investors are expecting the Sensex and the Nifty 50 to scale new heights after hitting record highs on Wednesday's trading.
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