Nirmal Bang Securities Pvt. Ltd. - Daily Report 050310

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Equity Research
Asian stocks rose, driving the MSCI Asia Pacific Index to its biggest weekly advance in eight, after U.S. jobless claims fell and the yen, weakened on speculation the Bank of Japan will expand easing measures. The MSCI Asia Pacific Index advanced 1 percent to 120.87. The measure climbed 2.4 percent this week, the most since the period ended Jan. 8. The gauge has fallen 4.9 percent from a 17‐month high on Jan. 15 on concern over budget deficits in Europe and speculation governments around the world will start withdrawing stimulus policies. Japan’s Nikkei 225 Stock Average climbed 2 percent, the biggest gain in the region, after the Nikkei newspaper said the Bank of Japan may further loosen monetary policy.

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