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Stock Markets
Asia extends stocks rally as upbeat US GDP calms nerves

MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.3 per cent. They were poised to gain 0.2 per cent for the week after logging three-year lows as plunging Chinese shares had sent financial markets into a tailspin.

All sectoral indices are trading in green with BSE Power, Realty, Oil & Gas, IT, Bankex trading higher between 1.5-2 per cent.
Uncertainty over the Chinese markets, profit bookings and the upcoming derivatives expiry flared up volatility in the Indian equity markets.
The Dow Jones industrial average finished 3.95 per cent higher at 16,285.51. Its gain of 619.07 points was its biggest since 2008.
As many as  2,480 stocks closed in the red. 205 stocks hit their year-lows amid the sell-off. Rs 7 lakh crore was wiped off overall investor wealth.