Greece pushed up share market


Mumbai: After Greece managed to clinch bailout deal, triggering rally across global markets. As a result the S&P BSE Sensex climbed over 300 points to reclaim the crucial psychological mark of 28,000 mark. At the sametime, 50-share index Nifty managed to reclaim its crucial psychological level of 8,450. European indices jumped over two per cent in early trades. The overall market breadth remained positive, with six of every 10 BSE stocks trading in the green.

Most Asian markets were trading in the black. The gains were led by Hong Kong’s Hang Seng, which was up 1 per cent, rallying over 250 points. Tracking positive cues, Chinese Shanghai Composite index also jumped over 3 per cent in trade. Japan’s Nikkei ended the session 1.57 per cent, or 309.94 points up at 20,089.77. Crude oil prices tumbled more than 3 per cent in trade today weighed down by global factors. Brent crude hit $57/bbl in trade on reports that Iran and six other world powers were on the verge of sealing the nuclear deal. Many brokerages have cut outlook on crude, citing record production of the black gold