Share prices gained due to upbeat market sentiment.
Local market sentiment was also buoyed by overseas investors, who had placed large net buy orders ahead of the market opening today. This helped prompt retail investors here to step up purchases.
Cyclical shares are likely to gain on the data and the market has started to buy those that are particularly undervalued.
Stocks were hit by a double-shock of New York plunge and the Nikkei reshuffle. The New York tumble was already factored in, but the reshuffle will continue to hurt the market for the rest of the week.
The market looks likely to pause today rather than extending the past pace of its rally.
The market is under pressure from three E's -- energy, euro and earnings. With third-quarter results about to come out in the U.S., investors are not so eager to take positions now.
The market is under pressure from three E's -- energy, euro and earnings, ... With third-quarter results about to come out in the U.S., investors are not so eager to take positions now.