Sensex plummets amid Covid 2.0 fears, rising yields: Here s what else is hurting the market
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Sensex plummets amid Covid 2.0 fears, rising yields: Here s what else is hurting the marketETMarkets.com
Last Updated: Apr 30, 2021, 09:58 AM IST
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In the Nifty50 universe, HDFC Bank was the top laggard, trading 2.95 per cent lower in early deals.
Benchmark indices started the last session of the week on a sharply negative note.
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NEW DELHI: Benchmark indices opened with deep cuts on Friday as a continuous surge in Covid-19 infections hit the sentiment on Dalal Street. A rise in bond yields also weighed on the market.
Sensex ends volatile day 32 pts higher as D-St clocks longest winning streak since early Feb
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Sensex ends volatile day 32 pts higher as D-St clocks longest winning streak since early FebBy
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Confirmed Covid-19 cases in India rose above 18 million with a record rise in infections and deaths over the last 24 hours.
Closing Bell: Sensex ends flat at 840 pts, Nifty settles at 14,895
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NEW DELHI: Benchmark indices managed to eke out gains on Thursday, a fourth straight session of rise and their longest winning streak since early February. Positive global cues lifted the sentiments on Dalal Street.
Strong buying interest in metal stocks yet helped indices close nearly unchanged on a day of heightened volatility. Cement stocks and private banks lent support to the bulls even as market participants saw some profit booking.
Sensex reclaims Mount 50K as D-St extends rally to 4th day: Key factors driving market
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Last Updated: Apr 29, 2021, 12:27 PM IST
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Analysts awaited more large cap companies to report their financial results for the January-March period.
The S&P BSE Sensex index climbed to as high as 50,375.77 in early dealy.
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NEW DELHI: Dalal Street extended a rally to the fourth day in a row on Thursday amid continued buying by domestic institutional investors, with benchmark indices buoyed by the Federal Reserve s decision to continue printing money and superior March quarter earnings back home.
The resilience of the market amidst the gloomy pandemic-related news has taken most market players by surprise. The favourable global market scenario is playing an important role in this vaccine-powered hope trade, said an analyst.
Sensex extends gains on Q4 earnings boost. Here s what else is driving D-Street
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US consumer confidence jumped to a 14-month high in April as increased vaccinations against Covid-19 and additional fiscal stimulus allowed for more services businesses to reopen.
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NEW DELHI: Superior earnings from India Inc, especially the banking sector, has given a lease of life to investors who continued their buying spree even as the Covid-19 pandemic reached a grim milestone.
There are some consistent trends in the market now. One, despite the bad news on the pandemic front, the market has been maintaining the upside momentum. Two, FIIs have been consistent sellers and DIIs have been consistent buyers. These trends are likely to continue in the short run and markets are likely to remain strong, said an analyst.
Investors make Rs 2.1 lakh crore as Sensex extends rally to third day on earnings boost
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Investors make Rs 2.1 lakh crore as Sensex extends rally to third day on earnings boostBy
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A buying spree by domestic institutional investors and retail investors is also negating the impact of foreign fund outflows, say analysts.
The NSE Nifty 50 index gained 211.50 points or 1.44% to end at 14,864.55.
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NEW DELHI: Equity benchmarks extended a rally to the third day in a row on Wednesday as short covering ahead of the F&O expiry and better-than-expected March quarter numbers from banking companies lifted the spirits on Dalal Street.