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Market ahead: Ahead of Market: 12 things that will decide stock action on Thursday
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market outlook: Ahead of Market: 12 things that will decide stock action on Tuesday
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Markets trade higher; Metal, Bank outperforms; Coal India, Hindalco lead; RIL, Wipro, HUL limit gains
In its early deals, Sensex has touched an intraday high of 48,996.53. While Nifty 50 has clocked the day s high of 14,723.40. May 04, 2021 9:45 IST | India Infoline News Service Indian Market shrugged off the brunt of sell-off and was trading on a positive note during Tuesday s session with Sensex eyeing to reclaim 49,000-mark. Nifty 50 races towards 14,700-level. A broad-based buying was recorded across sectoral indices except for FMCG and pharma stocks. India s daily Covid-19 cases have started to take a downside slope marginally. The corporate earnings season continues to remain in focus.
Markets likely to open flat
May 04, 2021
Fear over continuous rise in Covid cases, extended lockdowns in States likely to cap upside Markets are likely to open marginally down on Tuesday, amidst mixed global cues. Though the positive recovery rate in Covid cases bodes well, economists are still grappling with uncertainty, analysts said. The SGX Nifty is currently hovering around 14,663 (8 00 am IST), which is about 20 points lower as against Nifty May futures that closed at 14,685 on the NSE on Monday.
As Japan market is closed, other Asian markets provide little cues. Overnight, the US markets ended sharply higher with Dow and S&P 500 climbing 0.70 per cent and 0.3 per cent respectively. However, tech-heavy Nasdaq closed 0.5 per cent lower.
Srikalahasthi Pipes Limited Board recommends Dividend of Rs 6 for FY21
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