Power Breakfast: Global Cues Positive; Slight Recovery In US Markets, Fear Of Recession Continues, SGX Nifty Trades In Green Mark

There has been a slight recovery in the US market. Dow Jones have closed by 70 points with the rise of 400 points. At the same time, European market has seen a rise of 1.5% .The continuous rise in IT stocks has supported the market. However, the fears of recession is still looming on the market. Talking about the Asian market, SGX Nifty gains 37 points and this index is trading in the green mark.