Wall Street calm after brutal day

Mumbai: Wall Street was calm, a day after the Dow Jones Industrial Average fell 416 points. The 30-share Dow index gained 0.4 per cent to finish at 12,268.

And the technology-laden NASDAQ was up 0.3 per cent at 2,416. The markets recovered after Federal Reserve Chairman Ben Bernanke said the stocks sell-off had not altered the Federal Reserve's view on US economic growth.

China's Shanghai stock index, blamed for the global market sell-off, has also rebounded 4 per cent.

Now, it remains to be seen how all this affects the stock markets in India. On Wednesday, the BSE Sensex fell 540 points after widespread disappointment over the Budget and also because of the global meltdown.