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Sensex plunges tracking global markets as bank, metal stocks weigh on Dalal Street

Sensex plunges tracking global markets as bank, metal stocks weigh on Dalal Street SECTIONS Last Updated: May 11, 2021, 10:40 AM IST Share Synopsis The S&P BSE Sensex index tanked ​​as much as 514.23 points to 48,988.18 in the first few minutes of trade. Reuters INSIGHTS NSE Explore Now NEW DELHI: A sharp sell-off in tech stocks in the US on fears of rise in inflation clipped wings of high-flying bulls on Dalal Street on Tuesday. Selling in metals and banks pushed bluechip indices lower. The sell-off in tech stocks in NASDAQ yesterday might is unlikely to become a trend, given the reversal of domestic institutional selling witnessed from June 2020 through Feb 2021, said an analyst. They have now become net buyers on the Street.

FII moving to safer markets like South Korea and Taiwan due to rising COVID cases in india: Dr VK Vijayakumar of Geojit Financial Services

FIIs moving to safer markets like South Korea and Taiwan due to rising COVID cases in india: Dr VK Vijayakumar of Geojit Financial Services Moneycontrol 5 days ago Kshitij Anand © Kshitij Anand FIIs moving to safer markets like South Korea and Taiwan due to rising COVID cases in india: Dr VK Vijayakumar of Geojit Financial Services FIIs have been consistent sellers since early April having sold equity worth Rs 16,500 crore during April 1 and May 7. They have been selling in India due to the COVID second wave concerns and moving to safer markets like South Korea and Taiwan, Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said in an interview with Moneycontrol’s Kshitij Anand. Edited excerpts:

Sensex jumps as bank, pharma, metal stocks lift D-Street: What s driving market today

Sensex jumps as bank, pharma, metal stocks lift D-Street: What s driving market today SECTIONS Share Synopsis It is important to discern the cold economic and financial logic that drives markets, which focus on earnings, particularly future earnings, said an analyst. Reuters The S&P BSE Sensex index jumped as much as 383.96 points to touch 49,590.43 at the strongest level recorded in early deals. Related NSE Explore Now NEW DELHI: Dalal Street saw an extended hope rally on Monday even as the Covid-19 pandemic continued to rattle the country. Benchmark indices advanced about one per cent thanks to buying in metal and pharma spaces.

FIIs moving to safer markets like South Korea and Taiwan due to rising COVID cases in india: Dr VK Vijayakumar of Geojit Financial Services

FIIs moving to safer markets like South Korea and Taiwan due to rising COVID cases in india: Dr VK Vijayakumar of Geojit Financial Services Kshitij Anand © Kshitij Anand FIIs moving to safer markets like South Korea and Taiwan due to rising COVID cases in india: Dr VK Vijayakumar of Geojit Financial Services FIIs have been consistent sellers since early April having sold equity worth Rs 16,500 crore during April 1 and May 7. They have been selling in India due to the COVID second wave concerns and moving to safer markets like South Korea and Taiwan, Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said in an interview with Moneycontrol’s Kshitij Anand. Edited excerpts:

Sensex Rallies Over 400 Points In Early Trade; Nifty Tops 14,800

Sensex Rallies Over 400 Points In Early Trade; Nifty Tops 14,800 IndusInd Bank was the top gainer in the Sensex pack and rose over 2 per cent, followed by M&M, NTPC, HDFC Bank, SBI, TCS, Asian Paints and Reliance Industries. PTI 07 May 2021 Representational Image PTI 2021-05-07T09:54:27+05:30 Sensex Rallies Over 400 Points In Early Trade; Nifty Tops 14,800 outlookindia.com 2021-05-07T09:55:26+05:30 Equity benchmark Sensex rallied over 400 points in early trade on Friday, tracking gains in index majors HDFC twins, Reliance Industries and TCS amid positive cues from global markets. The 30-share BSE index was trading 416.43 points or 0.85 per cent higher at 49,366.19 in initial deals.

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