US stocks scale new peak on recovery bets
Wall Street s main indexes hit all-time highs on Tuesday, with investors piling into economically sensitive stocks on hopes of more fiscal aid to lift the world s biggest economy from a coronavirus-driven slump. The Dow Jones Industrial Average was up 110.66 points, or 0.35%, at 31,569.06, the S&P 500 was up 13.86 points, or 0.35%, at 3,948.69, and the Nasdaq Composite was up 55.97 points, or 0.40%, at 14,151.45.
European shares hover near one-year highs
European shares hovered near one-year highs on Tuesday as investors bet a bumper U.S. stimulus package will power global economic growth this year, while Glencore led a rally among mining stocks after reinstating its dividend. The pan-European STOXX 600 was down 0.13% after jumping 1.3% in the previous session to its highest level since February 2020.
Petrol and diesel prices were up on the 7 straight day. If you want to know the diesel and petrol prices in the four metro cities and if they have increased and by how much, then you can find it through our daily updates. Read here to know more. Are you worried about the fluctuations in the fuel prices and want to buy it when the prices are down? You can do it whenever you are planning to step out to refill your tank
US market closed for President s Day
Global shares rose for the 11th day in a row to reach a fresh peak on optimism about the rollout of COVID-19 vaccines and new fiscal aid from Washington. However, the US stock markets were closed on Monday for the Presidents Day holiday. E-mini futures for the S&P 500 were trading higher, up 0.4%
European shares rally as mining stocks gain
European shares scaled one-year highs on Monday and mining stocks tracked a jump in copper prices as bets of more US stimulus fuelled optimism around a faster global economic recovery this year. The pan-European STOXX 600 rose 1.30 per cent, with Rio Tinto, BHP Group and Anglo American bolstering the index. Banks and energy stocks were also among the biggest gainers.
NEW DELHI: On the weekly scale, headline index Nifty saw a 250-point range-bound movement last week and formed a small bullish candle.
Rohit Singre, Senior Technical Analyst at LKP Securities, said, The index has formed good support at the 15K mark. Any dip near the said level will again be a buying opportunity for overall target in the 15,250 zone which is a strong hurdle on the higher side. The current range is in the 15,000-15,250 zone. Risk appetite trickled down and equities pared gains with several cities across the globe entering fresh lockdowns. Oil’s winning streak was also broken following IEA’s bleaker demand outlook. Indian equities were in the green in the first half with Bank Nifty rising over 1 per cent, but VIX rose in the second half, and traders opted to cut down long bets across sectors, going into the weekend, said Anand James, Chief Market Strategist at Geojit Financial Services.