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Post Market views - Jan 8, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Here's why Airtel shares are surging in trade Navdeep YadavJan 7, 2021, 16:45 IST BCCL The stocks of Bharti Airtel rallied as much as 5% during the early trading hours on Thursday. According to a CNBC Awaaz report, the telecom major received banking and investment regulators nod to increase FDI in the Airtel Payments Bank up to 74%. The Department of Telecommunications (DoT) has announced that the next round of spectrum auctions will start on March 1.Bharti Airtel's stocks rallied as much as 5% during the early trading hours on Thursday after the news reports surfaced that the company receiv...

Post Market views - Jan 7, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities Posted On: 2021-01-07 06:47:41 (Time Zone: Arizona, USA) Domestic equities remained firm today mainly supported by strong global cues. Strong rebound in Banks, Auto and Realty index supported markets, while metals stocks outpaced all. However, it was midcap and small cap stocks, which stole the show once again and investors continued to chase this space owing to wider valuations gap and improved prospects of earnings recovery. Tata Steel, Hindalco, Bharti Airtel and IndusInd Bank were top gainers, whil...

Sensex, Nifty Scale Fresh Peaks; Financials, IT Stocks Shine The 30-share BSE index pared all losses and staged a smart recovery to end 0.54 per cent higher at 48,437.78. PTI 06 January 2021 outlookindia.com 2021-01-06T17:00:11+05:30 Equity benchmark Sensex defied gravity for the 10th straight session to close at a fresh lifetime high on Tuesday as robust buying in financial and IT stocks offset lacklustre global cues. Persistent foreign fund inflows supported the benchmarks, though a weakening rupee capped the gains, traders said. Despite opening on a negative note, the 3...

Markets pause after a 10-day rally; ITC, RIL drop over 2 per cent January 06, 2021 Nifty slips below 14,200, Sensex down 200 points, on US election worries Benchmark indices closed in the red on Wednesday for the first time after ten days, as profit booking emerged in the second half. ITC and Reliance Industries led the declines. The market volatility was further influenced by the uncertainty regarding the Georgia run-off elections in the United States. The tech-heavy Nasdaq 100 index declined 2 per cent on Wednesday as investors fear a Democrat-controlled Senate may lead to tighter regulati...