Nasdaq tops 6,000, Dow surges as earnings impress
The Nasdaq crossed the 6,000 threshold for the first time on Tuesday, while the Dow registered triple-digit gains as strong earnings underscored the health of Corporate America.
Reuters Market Eye - The Nifty breached the 6,100 level for the first time since Jan 6, 2011. Strong earnings from blue-chip companies including Infosys and RIL, reform measures by the government and rate cut expectation by the RBI have led to a 3 percent rise in the index in 2013 as of Monday's close.
Leading the gains on Tuesday: ICICI up 1.3 percent, Reliance Industries up 0.99 percent. Top index gainers: Asian Paints up 3 percent, NTPC rises 2.1 percent.
(Reporting by Manoj Dharra)
India's IDFC Bank Ltd reported a 7 percent rise in fourth-quarter net profit on Tuesday, helped by an increase in interest income and a drop in provisions for bad loans.