The Q3 results season will provide indications of the Nifty earnings for FY24. Financials, capital goods, telecom, automobiles and hotels will post good numbers, analysts said
While HCL Tech, Power Grid, Bajaj Finance Ltd were the top gainers, Tata Steel, L&T and Maruti were among major laggards at the BSE in opening trade. Get more Markets News and Business News on Zee Business.
US President Joe Biden Impact: Sensex Crosses 50K, Creates History, Nifty Tops At 14,700 Jan 21, 2021, 11:06 IST
MUMBAI: Equity benchmark Sensex rallied over 300 points to hit the 50,000-mark for the first time ever in history early trade on Thursday right after Joe Biden was sworn in as the 46th president of the United States.
The index touched a lifetime high of 50,126.73 in the opening deals.
Similarly, the NSE Nifty went up 85.40 points to trade at 14,730.10. It too scaled its highest level of 14,738.30 in early trade.
As per trade analysts, domestic equities were looking good now given several positive cues like the recovery in key economic data, ongoing vaccination drive, and opening-up of economy, favourable monetary policies of global central bankers, weak dollar and large fiscal stimulus in the US.