Motorola stock fell 19% or $2.28 to $10.04 after it reported earnings.

Commodities stocks including energy, base metals, minerals and mining companies declined in the session.

CVRD, also known as Vale, (RIO: chart) fell $2.55 to $24.28, BHP Billiton (BHP: chart) declined $2.03 to $55.77, and Rio Tinto (RIO: chart) dropped $8.72 to $322.59. Freeport-McMoran lost $10.41 to $71.10, Southern Copper Peru edged fell $5.81 to $75.

In Tokyo Nikkei 225 Index closed higher 256.01 or 2.04% to 12,829.06, in Hong Kong Hang Seng index increased 2332.54 or 10.72% closed to 24,090.17, in Australia ASX 200 index higher 225.50 or 4.35% to close 5,412.30.

In South Korea Kospi Index increased 19.40 or 1.21% to close at 1,628.42, in Thailand SET index closed lower 0.89 or 0.12% to 740.65, and Indonesia JSE Index edged increased 181.75 or 7.92% to 2,476.28. Sensex index in India increased 864.10 or 5.16% to 17,594.07.


10:00AM New York, 7:30PM Mumbai - Sensex posts a record gain in a single day, Reliance Energy shines.

Stock markets in India on Wednesday broke the seven-day losing streak with the Bombay Stock Exchange index posting a record one-day gain.

The BSE Sensex advanced 5.2% or 864.13 to 17,594.07. The CNX S&P Nifty surged 6.2% or 304.10 at 5,203.40.

Of the BSE share, 1,401 stocks lost, 1,302 advanced and 23 shares remained unchanged.

Stocks in the 30-stock Sensex index shares surged.

Turnover on the BSE was at 7,099 crore rupees while the National Stock Exchange posted turnover of 19,267 crore rupees.

Reliance Natural Resources led the most active stocks on the BSE trading with turnover of 465.92 crore rupees followed by Reliance Petroleum,, Reliance Industries, ICICI Bank, and Reliance Energy.

Trade Minister Kamal Nath said on Wednesday that there is no economy in the world that can be fully insulated from a recession in the U.S., but India will have a limited impact. Kamal Nath was speaking at a gathering of business leaders during the annual World Economic Forum in Davos, Switzerland.

He added that domestic demand has been driving India''s recent growth.

Of the BSE shares, Reliance Energy surged 16.8% to 2,004 rupees. It led the advancers in the Sensex index.

Reliance Energy announced that it had won a railway project worth 2,500 crore rupees from the Delhi Metro Rail Corporation, in consortium with Spain''s CAF.

Reliance Industries surged 8.5% to 2,558 rupees.

National Thermal Power Corporation climbed 13.3% to 222.75 rupees on news reports that the company is intending to invest 1,729 crore rupees for development of the Jharkhand coal mine.

Satyam Computers gained 10.3% to 391 rupees, TCS advanced 7.5% to 859 rupees, Infosys surged 2.9% to 1417 rupees while Wipro galloped 1.4% to 435 rupees.