Asian markets were mixed in edgy

Asian markets were mixed in edgy trade Wednesday after Wall Street and Europe rallied on hopes that eurozone leaders are close to a solution to the region’s debt crisis.

Reliance Industries surges 5pc

Shares of Reliance Industries, the country’s most valued company in terms of market value, today jumped over 5 per cent on bourses, helping the benchmark Sensex gain nearly 500 points.

The euro crawled up from eight-month lows

The euro crawled up from eight-month lows on Tuesday as a report that Europe is considering beefing up its bailout fund prompted short-covering, and it could extend its rebound in the very near term given traders’ overwhelmingly short positions in the currency.