Markets likely to consolidate; Maruti, L&T Infotech in focus
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Indian stocks fell for the second straight day on Monday, extending Friday’s decline. REUTERS/Kham/File Photo
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Indian stock markets are likely to consolidate on Tuesday while trends in SGX Nifty suggest a positive opening of domesticbenchmark indices. On Monday, the BSE Sensex closed at 48,564.27, down 470.40 points or 0.96%. The Nifty ended at 14,281.30, down 152.40 points or 1.06%.
Asian share markets edged ahead on Tuesday as investors wagered China’s economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West. Data out on Monday had confirmed China’s economy was one of the few in the world to grow over 2020 and actually picked up speed as the year closed.
Piramal’s offer is almost 60% lower than the size of DHFL’s balance sheet, say analysts.Creditors may expect to be compensated for the hit from fraudulent transactions by DHFL
Opening bell: Sensex plunges 156 points, Nifty falls 31 points
Opening bell: Sensex plunges 156 points, Nifty falls 31 points
Asian Shares Traded In The Negative Territory After Polls In The UK Threw Up A Hung Parliament And Markets Await The Results Of The First Round Of Franceâs Parliamentary Elections. PTI | Updated on: 12 Jun 2017, 10:31:36 AM
New Delhi:
The Sensex picked up cues from a lacklustre Asia as it stumbled 156 points on Monday in the beginning of the week after investors started to take profit ahead of key IIP and inflation numbers due later in the day.
Asian shares traded in the negative territory after polls in the UK threw up a hung Parliament and markets await the results of the first round of France’s parliamentary elections.
2020 was a rollercoaster year for Indian stock markets. 2021 may not be very different
If one looks at the returns delivered since January 1, Indian markets are still lagging behind some of their global peers. A strong rebound since March 2020 has made India’s stock markets pricey again. | Danish Siddiqui/Reuters
India’s stock markets went through extreme volatility in 2020.
In March, when the markets witnessed their worst-ever sell-off, very few could have predicted that Indian equities would soar to all-time highs by the end of the year. While the Indian economy has entered into a technical recession and the outlook for this financial year is bleak, markets are rallying at a scorching pace. The stringent lockdown in India, which severely dented the economy, seems to be a distant memory for some investors, but the upcoming year could be a struggle.
Stocks In The News Today: Tata Motors announced a hike in commercial vehicle prices from January 1.
Domestic share markets are likely to start Tuesday s session on a positive note, rebounding a day after benchmark indices suffered their worst single-day loss in more than seven months, in a broad selloff due to fresh lockdowns in the UK to curb the spread of a new strain of coronavirus. The Singapore Exchange (SGX) Nifty futures an early indicator of the National Stock Exchange s Nifty 50 benchmark index rose 57 points, or 0.43 per cent, to 13,435.20 at the strongest level recorded ahead of the opening of Indian markets. At 8:12 am, the SGX Nifty futures traded up 44.00 points, or 0.33 per cent, at 13,422.20.