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Nifty futures tips - The US economy extended even more than previously assumed in the 2nd-quarter on stronger consumer spending & construction, backing the case for an interest rate hike.

Encouraging news about higher U.S. consumer spending and a Greek bank merger pushed Hong Kong higher in heavier trading. In addition, completion of Bank of America's sale of China Construction Bank removed uncertainty from the market.

share tips - Here is a list of first 20 out of the 97 cities to be constructed as Smart Cities will be announced on today, Urban Development Minister M Venkaiah Naidu told in reports. visit http://www.researchvia.com

Hong Kong opened lower after Tuesday's sharp rise and retreated further in the early afternoon in line with a drop in Asian and Mainland Chinese markets but gained back some losses before closing.

Investors were rattled by more bad news from Greece today as the struggling government said it would not be able to hit targets as agreed upon for the EU/IMF bailout.

Financial stocks led the market higher today as insurers benefited from the east coast's avoidance of a potential major natural disaster. Consumer spending boost also helped the rally.

Hong Kong ended slightly higher in thin, volatile trading as the downgrade of Italian debt was another blow for investor confidence.

The blue-chip Hang Seng Index plunged 300 points in the morning before a rally in Mainland markets helped erase most losses by mid-day. However selling pressure emerged in the afternoon.

Industrial stocks are often hard hit in tough economic times, but the necessity of some of these companies paired with international ties that help drive growth mean that there are still buys to be found.