Asian markets open in the green

LAND OF RISING SHARE PRICES: Nikkei's opening average on Tuesday soared more than 10 per cent.

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New Delhi: Indian markets are expected to take a cue from global markets though worries are growing that Asia may need to brace itself for the crisis.

Nikkei's opening average on Tuesday soared more than 10 per cent, rebounding after its worst one-day loss since the 1987 stock market crash.

Japan's stock markets lost 24 per cent last week, its worst five day drop in its 50-year history.

Han Seng surged at 3.81 per cent when it opened on Tuesday after rebounding from its worst weekly decline in more than a decade last week.

Meanwhile, after Finance Minister P Chidambaram's assurances, Commerce and Industry Minister Kamal Nath says the economy will continue to grow.

"There is not going to be a boom or gloom. Exports are up 30 per cent. FDI is up 120 per cent over the last year. There might be an impact on FDI inflows in the next six months. But i still expect FDI and export targets for this year to be met. This whole year from march to today we are seeing an excess of 25 per cent in exports," Nath says.