Tata Motors surges as Big Bull & marquee traders meet co’s prime brass
Electrode maker HEG is Jefferies’ multibagger guess for FY22
NCLT approves Piramal’s DHFL decision plan
Delhivery to record in 6 months, could increase $500 million
China commerce surges as world demand rebounds
Let us take a fast look at what occurred on Dalal Street at this time.
Domestic fairness indices kicked off the week on a powerful be aware with benchmark indices scaling new highs. Investors had been optimistic as lockdown restrictions are eased in lots of states, which can assist restart the financial restoration. Nifty hit a brand new excessive of 15,773 earlier than closing at 15,752, 81 factors greater. BSE Sensex gained 228 factors to shut at 52,328, 50 factors away from its day’s excessive. Both indices registered file closing highs. Fear gauge India VIX eased 2.3 per cent.
In the bond market, the 10-year benchmark authorities bond ended largely flat at 6.02 per cent, whereas the rupee closed barely greater at 72.8 in opposition to the buck.
We have Narendra Solanki of Anand Rathi Financial Services to share his views on the day’s motion and the street forward:
Welcome to the present, Mr Solanki:
>> With many states asserting unlocking plans, how rapidly do you see the financial system recovering? Which sectors are doubtless to achieve the most?
>> Sugar shares are on a roll today. Do you see them as a structural play?
We additionally caught up with Ashis Biswas of CapitalVia Global Research to decode the technical charts for you.
>> Nifty50 is buying and selling between 15,600 and 15,800. Do you see rangebound commerce to proceed in the coming days?
>> What do the technical charts counsel for Nifty Bank?
Most Asian markets ended greater for the day. Major European markets had been buying and selling with gentle features in the first few hours of commerce. US inventory futures had been hinting at a gap-down begin on Wall Street later in the day.
That’s all for now. Do try ETMarkets.com for all the information, market evaluation, funding methods and dozens of inventory suggestions. Enjoy your night. Bye Bye!