stock market nse bse nifty: Happy 25th Birthday, Nifty50! So what has changed & what hasn t
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22Apr2021 Pre-Market Commentary: Wall Street Futures Steady After Jobless Claims Data: DOW Down 18 Points, S and P 500 Off 3, Nasdaq Down By 0 2%, WTI Crude 61 50, Bitcoin 55000
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NEW DELHI: One-third of BSE500 stocks, including Reliance Industries, Maruti Suzuki, SBI, Hero MotoCorp and Bajaj Finance, are now in bear market, as suggested by over 20 per cent fall from 52-week highs amid fears over the second wave of Covid cases.
But with the government announcing the next phase of vaccination, offering Rs 4,500 crore credit to vaccine makers Serum and Bharat Biotech, and also allowing 50 per cent vaccine supplies to the open market, among other measures, things look set to change.
There are reports that Prime Minister Narendra Modi will be meeting vaccine manufacturers on Tuesday at 6 pm wherein the Department of Biotechnology (DBT) will make a presentation and also coordinate with all the participants. All these developments should soothe investors nerves over the likely impact of Covid 2.0 on India Inc balance sheets.
Sensex Rebounds Over 500 Points In Early Trade; Nifty Reclaims 14,500
The Sensex was trading at 48,455.13, showing a rise of 505.13 points or 1.05 per cent in opening deals; while the broader Nifty was trading higher by 150.20 points or 1.05 per cent at 14,509.65.
PTI 20 April 2021 File Photo PTI 2021-04-20T10:03:57+05:30 Sensex Rebounds Over 500 Points In Early Trade; Nifty Reclaims 14,500 outlookindia.com 2021-04-20T10:04:37+05:30
The benchmark BSE Sensex rebounded over 500 points and the NSE Nifty recaptured the key 14,500-level in the opening session on Tuesday, as investor sentiment improved following the government s policy response to the resurgence of COVID cases in the country.
The Sensex was trading at 48,455.13, showing a rise of 505.13 points or 1.05 per cent in opening deals; while the broader Nifty was trading higher by 150.20 points or 1.05 per cent at 14,509.65.