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Post Market views - Dec 23, 2020 - Mr. Binod Modi, Head Strategy at Reliance Securities Posted On: 2020-12-23 04:53:05 (Time Zone: Arizona, USA) Domestic equities recovered sharply from early losses today mainly on positive global cues and sharp rebound in IT, PSU Banks and Pharma. Stimulus bill in the USA continued to offer support to emerging markets including India. However, emerging risk pertaining to new coronavirus strain made investors to focus back to defensive sectors including IT, Pharma and FMCG. Notably, midcap and small cap stocks witnessed sharp rebound due to wider valuati...

Robinhood investors, eh? Sensex recovers day after crashing 1,400 points The Sensex, after a sudden bloodbath on Dalal Street on Monday, reclaimed its crucial 46,000-mark on Tuesday. The 30-share index recovered by 452.73 points to end at 46,006.69 after plunging 1,406.73 points or 3 per cent in the previous day Aprajita Sharma December 22, 2020 | Updated 18:16 IST The Sensex reclaimed its crucial 46,000-mark on Tuesday The recovery in the market in the second half of the trading session on Tuesday shows investors are not unduly worried about the developments in the UK around new variant of ...

Post Market views - Dec 22, 2020 - Mr. Binod Modi, Head Strategy at Reliance Securities Posted On: 2020-12-22 04:16:17 (Time Zone: Arizona, USA) Domestic equities recovered sharply from day's low in a volatile trading day mainly aided by strong buying in IT stocks. Investors once again started focusing on safe counters which are considered to be resilient from pandemic. IT, Pharma, telecom, FMCG and chemicals were in focus today. HCL Tech, Tech M, Infosys and Sun Pharma were among top gainers, while Kotak Bank, Tata Motors and Hindalco were laggards. While concerns of new strain of Covid...

Investor wealth eroded by Rs 6.59 trillion on Monday as equities tanked after the UK reported a new strain of the COVID-19 virus. The 30-share BSE Sensex plunged 1,406.73 points or 3 per cent to close at 45,553.96. The benchmark hit an all-time high of 47,055.69 during the session. Following the sharp selling, the market capitalisation of BSE-listed firms plummeted by Rs 6,59,313.65 crore to Rs 1,78,79,323.05 crore. "Brutal bloodbath witnessed in today's session after a new coronavirus strain was found in Britain. Market extended losses in late afternoon session, tracking sell-off in the...

Post Market views - Dec 21, 2020 - Mr. Binod Modi, Head Strategy at Reliance Securities Posted On: 2020-12-21 09:07:08 (Time Zone: Arizona, USA) Domestic equities witnessed sharp selling pressure today and wiped out more than Rs 7 trillion of investors' wealthy in a single day. Concerns of new Covid-19 strains in UK and emerging doubts over efficacy of Covid-19 vaccination dented investors' sentiments globally. Indian markets were worst performer today, which we believe profit booking could also be a key reason as domestic equities have outperformed global markets by a wide margin in rec...