Sensex, Nifty rebound after two days of correction: Five factors behind the rally
Bajaj Finance, followed by SBI, ONGC, IndusInd Bank, Reliance Industries, HDFC and Axis Bank were among the top gainers. On the other hand, ITC and HDFC Bank were the laggards
Rupa Burman Roy | January 20, 2021 | Updated 16:22 IST
Earlier on January 13, Sensex and Nifty hit fresh lifetime highs of 49,795 and 14,653, respectively
Reversing from yesterday s lows, market benchmarks jumped on Tuesday to trade near record highs, tracking cues from positive global equities. Sensex added 834 points to 49,398 and Nifty gained 239 points to 14,521. Sensex and Nifty today touched intraday highs of 49,499 and 14,546, respectively.
Share Market Highlights: Sensex ends 834 points higher, Nifty at 14,521; Bajaj twins, HDFC, L&T top gainers January 19,2021 17:28 IST
Sensex, Nifty Highlights on January 19: Reversing from yesterday s lows, market benchmarks rose sharply on Tuesday and closed near record highs, tracking cues from positive global equities. Sensex added 834 points today to 49,398 and Nifty gained by 239 points to 14,521. Sensex and Nifty today touched intraday high of 49,499 and 14,546. Earlier on January 13, Sensex and Nifty hit fresh lifetime highs of 49,795 and 14,653, respectively. Bajaj Finance, followed by SBI, ONGC, IndusInd Bank, Reliance Industries, HDFC and Axis Bank were among the top gainers. On the other hand, ITC and HDFC Bank were the laggards. Meanwhile, September quarterly earnings announcements by ICICI Lombard General Insurance Company, Alembic Pharma, Ceat, CSB Bank, DCM Shriram, L&T Infotech, Skipper, Tata Communications will also set the tone for the stock market today. Yesterd
Investors wealthier by Rs 3.42 lakh crore as Sensex clocks best day in 4 months
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Valuations of major stocks have cooled off after two days of slump, which attracted investor interest again. Reliance Industries has especially been in the spotlight after months of trading in a range.
In the 50-share pack Nifty, Grasim Industries was the biggest gainer, up 3.01 per cent. Tata Motors, L&T, SBI Life Insurance, ONGC, Reliance Industries and Cipla were among other gainers.
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NEW DELHI: Buying returned on Dalal Street after a massive selloff in the past two days as all segments of the market were in demand as the incoming US administration pushed for a big stimulus, which will pump a massive amount of money into the market.
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Here are StanChartâs eight big market risks for 2021
What could go wrong for investors next year after the ultimate black swan event of the coronavirus pandemic?
By Subhadip Sircar, Bloomberg
16 Dec 2020 00:48
Image: Paul Yeung/Bloomberg
What could go wrong for investors next year after the ultimate black swan event of the coronavirus pandemic? Well, a lot, judging by Standard Chartered Plcâs list of potential market surprises for 2021.
Democrats winning control of the Senate, a US-China detente driving a yuan rally to 6 versus the dollar, or oil crashing to $20 per barrel on an OPEC rupture. Those are among the eight âunlikelyâ events that could upend markets, according to the bankâs global head of research, Eric Robertsen, in an annual financial-markets surprises report.
What could go wrong for investors next year after the ultimate black swan event of the coronavirus pandemic? Well, a lot, judging by Standard Chartered Plc’s list of potential market surprises for 2021. Democrats winning control of the Senate, a U. S.-China detente driving a yuan rally to 6 versus the dollar, or oil crashing to $20 per barrel on an OPEC rupture. Those are among the eight “unlikely” events that could upend markets, according to the bank’s global head of research, Eric Robertsen, in an annual financial-markets surprises report. A pandemic wasn’t on too many lists last year, but global markets have largely recovered from the shock, helped by emergency fiscal- and monetary action. Investors have found some consensus on a recovery in growth and inflation heading into the new year, driving global yield curves steeper, rallies in corporate bonds and a slide in the U. S. dollar.