Page 26 - Binod Modi News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MUMBAI – Indian markets fell sharply by over 3% on Monday, as more states have joined the worst-affected state of Maharashtra in entering quasi-lockdown possibly hitting consumer demand and overall economic revival. Possibility of complete lockdown in Maharashtra due to rise in covid cases made investors jittery with markets seeing sharpest single day decline since 26 February. The BSE Sensex lost 1707.94 points or 3.44% ending at 47,883.38 while the Nifty slipped 524.05 points or 3.53% at 14,310.80. According to Binod Modi, Head Strategy, Reliance Securities, concerns of possible reversal ...

A continued surge in second wave of COVID-19 cases in the country, which already crossed 2 lakh daily cases, has certainly posed a risk to sustainability of rebound of earnings momentum, said Binod Modi, Head-Strategy at Reliance Securities.

The Sensex and Nifty ticked higher for the third session on the trot on Friday, but could not wipe off weekly losses amid a resurgence in Covid-19 cases. A strong recovery in the rupee, which zoomed 58 paise, and a bullish trend in global equities supported the bourses on Friday, traders said. After a choppy session, Sensex closed 28.35 points or 0.06 per cent higher at 48,832.03. Similarly, the broader Nifty rose 36.40 points or 0.25 per cent to 14,617.85. Asian Paints was the top performer among Sensex components, spurting 3.07 per cent, followed by UltraTech Cement, ONGC, M&M, Sun Pha...

Asian Paints was the top gainer in the sensex pack followed by UltraTech Cement, ONGC, Sun Pharma, HCL Tech and Nestle India. (Representative image) MUMBAI: Equity benchmarks sensex and Nifty ended marginally higher after a volatile session on Friday amid positive cues from global markets. The 30-share BSE sensex ended 28.35 points or 0.06 per cent higher at 48,832.03. Similarly, the broader NSE Nifty rose 36.40 points or 0.25 per cent to 14,617.85. Asian Paints was the top gainer in the sensex pack, rising over 2 per cent, followed by UltraTech Cement, ONGC, Sun Pharma, HCL Tech and Nestl...

A continued surge in second wave of COVID-19 cases in the country, which already crossed 2 lakh daily cases, has certainly posed a risk to sustainability of rebound of earnings momentum, said Binod Modi, Head-Strategy at Reliance Securities. While the government's strong effort to expedite vaccination progress and absence of complete lockdown in Maharashtra and Delhi offered some comfort to equities, the risk of other states taking steps of wider economic restrictions continues to persist, which may continue to weigh on investors' sentiments in the near term, he noted. "Unlike last year, stat...