1st Oct 2020 | 19:52 PM IST
1st Oct 2020 | 19:52 PM IST
Indian market reacting strongly to Unlock 5.0. Detailed guidelines are out. Cinemas, theatres, multiplexes are allowed to reopen with up to 50 per cent seating capacity. Local lockdown is not allowed to any state in India. Schools and colleges are also allowed with 50 per cent capacity.
On the global front, Asian markets gained amid signs Chinaâ€™s economic recovery was gaining momentum with pent-up demand, fiscal stimulus and surprisingly resilient exports boosting sentiment across the region. In Europe, stocks partially recovered from last weekâ€™s hefty losses, helped by upbeat industrial profits data from China and as banking stocks bounced off record lows.
In commodities, oil prices dropped, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes generated by a new US stimulus package that lawmakers are struggling to agree.
1) On Monday, Sensex jumped 593 points, or 1.59 per cent to 38,982 levels. Nifty index reclaimed the 11,200-mark to settle at 11,228, up 177 points, or 1.6 per cent. 2) On Tuesday,Sensex ended at 37,973 levels, down 8 points, or 0.02 per cent. Nifty index settled at 11,222, down 5 points, or 0.046 per cent. 3) On Wednesday, Sensex settled 95 points, or 0.25 per cent higher at 38,068 levels, and the Nifty index ended at 11,226.5 levels, up 4 points, or 0.04 per cent. 4) On Thursday, Sensex ended 629 points, or 1.65 per cent higher at 38,697 levels while the Nifty50 index topped the 11,400-mark to settle at 11,417, up 1.5 per cent. 5) On Friday, Market observed the holiday.
- Indian indices showed optimism as Nifty has seen strong buying during the week. Nifty jumped around 1.5 per cent on Monday and later witnessed a flat movement. Friday again showed positivity as there was a gap up opening of more than 1 per cent.
- On the global front, World stocks fell and safer assets, such as the yen and dollar, found buyers after a chaotic first US presidential debate and rising Covid-19 cases turned investors cautious, though strong factory surveys boosted Chinaâ€™s markets. MSCIâ€™s broadest index of world shares which tracks nearly 50 countries dropped 0.2 per cent for a 4 per cent September loss. In Europe, the pan-European STOXX 600 index fell 0.4 per cent tracking Wall Street futures lower.
Shares of Blue Dart Express advanced 26 per cent in the past six trading days after the company announced a 9.6 per cent hike in its average shipment price from January next year to offset higher costs.
Shares of Lakshmi Vilas Bank slipped nearly 7 per cent to Rs 18.8 on the BSE on concerns Clix Capitalâ€™s proposed deal may not materialise after a large section of the bankâ€™s shareholders voted against the reappointment of the top brass.
PVR Ltd On Upside while, Route Mobile Ltd on Downside.
Niveza Editorial Desk :
We are a team of stock market nerds trying to stay ahead of the herd. We spend our grey cells...
Various popular stock market news portals and TV channels discuss trending stocks and provide free share market tips based on technical charts and often without in-depth research. Our research desk analyses these trending stock market tips and
Our Analysis The stock market scaled an all-time peak in intra-day deals. The optimism was led by firm global cues after Democrat Joe Biden defeated Donald Trump in the US
Our Analysis The Indian stock market is reaching its pre-covid level. Initially lock down in European countries has given a jerk but later the market stabilised and stated its bull
Our Analysis Market is charged by bulls amid negative global cues. Sector giants are posting improved earnings. Mid Caps are also seen supporting the earnings trend. The recovery in
Our Analysis Indian market had a great rally last week. This week the market had a pause. UKâ€™s lockdown 2.0 dragged the market down. Government's stimulus measures to boost