Nirmal Bang Securities Pvt. Ltd. - Daily Report 080610

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Equity Research
Asian stocks rose after comments from Ben S. Bernanke, the chairman of the U.S. Federal Reserve, eased investor concerns over the strength of the global economy. The MSCI Asia Pacific Index rose 0.4 percent to 110.07. Five stocks gained for every three that declined. The gauge sank 3.3 percent yesterday, the most since March 2009, as concern grew that European countries will struggle to repay debt.

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