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Post Market views - April 8, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities Posted On: 2021-04-08 03:03:40 (Time Zone: Arizona, USA) Domestic equities, despite trading positively for most of the sessions today, gave up a large portion of gains towards the end of the day as concerns of rising COVID-19 cases continued to weigh on investors' sentiments. Financials witnessed profit booking today and dragged market. Barring financials, most of key sectoral indices traded in green today with Metal index remaining an outperformer. Expectations of steady 4QFY21 earnings and weakenin...

Sensex surges over 300 points in early trade; Nifty tops 14,900 Updated: Updated: Share Article AAA Equity benchmark Sensex surged over 300 points in early trade on Thursday, tracking gains in index heavyweights HDFC twins, ICICI Bank and Infosys amid a positive trend in global markets. The 30-share BSE index was trading 343.32 points or 0.69% higher at 50,005.08, and the broader NSE Nifty advanced 102.90 points or 0.69% to 14,921.95. HDFC was the top gainer in the Sensex pack, rising around 2%, followed by Bajaj Finserv, Tech Mahindra, UltraTech Cement, ICICI Bank, SBI and Infosys. On th...

A depreciating trend in the rupee also weighed on risk sentiment, traders said. Rising for the third session on the trot, the 30-share BSE benchmark settled 84.45 points or 0.17 per cent higher at 49,746.21. The broader NSE Nifty advanced 54.75 points or 0.37 per cent to 14,873.80. UltraTech Cement was the top performer among the Sensex constituents, rallying 4.24 per cent, followed by Titan, Tech Mahindra, Nestlé India, TCS, Bajaj Finserv and L&T. On the other hand, IndusInd Bank, ONGC, Sun Pharma, Bajaj Auto, HDFC Bank and Axis Bank were among the laggards, slipping up to 1.07 per cent....

Pre-Market views - April 7, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities Posted On: 2021-04-06 20:36:37 (Time Zone: Arizona, USA) US equities finished with modest losses after S&P 500 recording fresh high during intraday trade as investors continued to focus on huge infrastructure spending, possible rise in corporate taxes and brightening outlook of USA economy. IMF has raised its forecast for USA and global economy growth to 6.4% and 6%, respectively for 2021. Meanwhile, USA treasury yield softened to 1.66% and dollar index also weakened to 92.3, which should offer some c...

Post Market views - April 7, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities Posted On: 2021-04-07 04:38:27 (Time Zone: Arizona, USA) Domestic equities rebounded sharply today after favourable outcome from RBI's policy meeting. RBI sounded more dovish this time and showed its strong commitments once again towards sustaining economic momentum by way of ensuring proper liquidity in the system through various tools. Further, its forecast towards inflation and growth remains mostly unchanged despite recent surge in freight cost and input prices. All key sectoral indices traded in...