indian shares provisionally closed 1.9 percent higher today

• The 30-share BSE index provisionally ended up 1.86 percent or 355.75 points at 19,477.58, with 28 components gaining. Auto, IT and metal remained the prime gainers and banks also registered good gains.
• India’s exports surged to record high growth in fiscal year 2010/11, but uncertainty over the global economy and a ballooning import bill mean concerns persist over the trade deficit of one of the world’s fastest-growing economies.
• Stock index futures pointed to a stronger open on Wall Street on Wednesday, with futures for the S&P 500 up 0.8 percent, Dow Jones futures up 0.5 percent and Nasdaq 100 futures up 0.8 percent at 0847 GMT.
• Upbeat earnings from companies including chip maker Intel lifted stocks and boosted appetite for riskier assets on Wednesday, driving commodities higher and the Australian dollar to a 29-year high versus the dollar.
• Brent crude rose above $122 a barrel on Wednesday, helped by a rebound in equities and a weaker dollar.
• Tokyo stocks snapped a three-day losing streak on Wednesday after Intel’s earnings guidance sparked short-covering in chip-related stocks, but trade is expected to stay thin ahead of forecasts from Japanese firms.
• Spot gold prices breached $1,500 for the first time and silver hit a 31-year high on Wednesday, supported by a weak dollar and concerns over a sovereign debt crisis in the euro zone.
• The euro and commodity currencies surged higher in thin trading conditions on Wednesday, as upbeat corporate earnings in the U.S. prompted investors to buy riskier assets amid rising growth expectations.
• U.S. oil rose on Tuesday in volatile trade as a weaker dollar and stronger equities lifted prices and offset concerns over sovereign debt and uncertain demand prospects.
• General Motors Co has a better grasp of how to handle disruptions in its global network of suppliers, said GM’s chief executive, who also reiterated the automaker’s outlook for vehicle sales this year.
• Yes Bank on Wednesday reported a 45 percent jump in January-March net profit to 2.03 billion rupees as compared to a net profit of 1.4 billion rupees over the same period last year.
• Global miner Rio Tinto said it has control over 72 percent of takeover target Riversdale after Brazil’s CSN accepted its offer.
• India should allow exports of wheat and rice as the country has huge grain stocks and global prices are favourable, Farm Minister Sharad Pawar said on Wednesday.
• A top executive at Beijing Automotive Industry Holding Co (BAIC) said on Wednesday the Chinese state auto group was not currently in talks to invest in ailing Swedish car brand Saab, with which it shares some vehicle technology.
• Shares in DB Realty, Unitech and Reliance Communications fell on Wednesday, after a CBI court rejected bail applications of executives involved in the telecoms graft trial.
• Online travel firm Yatra Online Private Ltd said on Wednesday it received 2 billion rupees in funds from investors including Valiant Capital Management, Norwest Venture Partners and Intel Capital.