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NEW DELHI: Nifty breached the 13,900 levels and touched its lifetime on Tuesday forming an indecisive candle on the daily chart as the index settled higher, riding the rally in bank and IT stocks amid strong global cues. The index continued its rally to the fifth consecutive session.
Aditya Agarwala, senior technical analyst - institutional equities, YES Securities said A sustained trade above 13,950-13,975 will extend the gains, taking the 50-pack higher to the levels of 14,050-14,150, which happens to be the upper end of a crucial rising channel formed, joining major highs and lows post the March selloff. He sees support for the index at 13,850.
Indices recover; Sensex reclaims 46K, Nifty ends above 13,450 as IT stocks shine
Indian benchmark equity indices fell 3% each on Monday, snapping six days of gains, as investor appetite soured following reports of a new deadly strain of the coronavirus in the UK.
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Share Via 22 Dec 2020, 03:56:00 PM IST
Sensex reclaims 46K, Nifty ends 1% higher led by gains in IT stocks
India s benchmark equity indices Sensex and Nifty staged a sharp recovery to end up 1% each, led by gains in IT and pharma stocks.
At close, the Sensex was up 452.73 points or 0.99% at 46,006.69, and the Nifty was up 137.90 points or 1.03% at 13,466.30. About 1,537 shares advanced, 1,325 declined, and 165 were unchanged.
While some moved within the industry, some veered off to alternate careers.
18 Dec, 2020 - 02:06 PM IST | By Mansi Sharma
NEW DELHI: The year 2020 saw a number of news outlets either going through a revamp, shutting down operations, or embarking on a path of vigorous growth. All this led to a substantial to and fro of personnel in the industry. Here’s the first part of the year-end series on people’s movements in the India’s news industry:
On new roads
The year saw a number of prominent names hopping channels and taking up new roles and responsibilities. While some moved within the industry, some veered off on alternate career paths. And there were some who entered the news world from completely different universes.
Benchmark indices extended gains and hit record high levels in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, rose 198.75 points or 0.43% at 46,865.21. The Nifty 50 index advanced 57.95 points or 0.42% at 13,740.65.
The S&P BSE Sensex hit a record high of 46,873.71 while the Nifty hit a record high of 13,742.40 in early afternoon trade. Investors reacted positively to comments from the U.S. Federal Reserve that it will continue to support the economy. Federal Reserve Chairman Jerome Powell also said on Wednesday that stock prices are not necessarily highly priced given how low interest rates are. Meanwhile, negotiators in Washington are shaping a new $900 billion coronavirus stimulus bill that is said to include a second stimulus check.
Key equity barometers reversed losses and hit fresh intraday high in mid-afternoon trade. At 14:23 IST, the barometer index, the S&P BSE Sensex, was up 75.90 points or 0.16% at 46,329.36. The Nifty 50 index added 28.65 points or 0.21% at 13,586.80.
In the broader market, the S&P BSE Mid-Cap index gained 0.18%. The S&P BSE Small-Cap index rose 0.17%.
Buyers outpaced the sellers. On the BSE, 1499 shares rose and 1393 shares fell. A total of 172 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 7,28,50,994 with 16,21,159 deaths.
India reported 3,39,820 active cases of COVID-19 infection and 1,43,709 deaths while 94,22,636 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.