A delightful start for D-Street
Indian key benchmark indices recorded one of the longest winning streaks in a month, ending higher for the fifth consecutive day. Having said that, sessions were volatile, but Banking, Financials and IT stocks helped it to stay buoyant. The early trend on the SGX Nifty suggests that the bulls are likely to continue their soar on Wednesday and aim for the 200-DMA that is placed around 10,887 levels.
At 7:50 AM, the SGX Nifty was trading up by 25.50 points at 10,785.50 levels.
Most of the Asian indices were trading in green. China’s Shanghai Composite leading followed by Hong Kong’s Hang Seng. Whereas, Japan’s Nikkei 225 has plunged into negative terrain with minuscule losses.
Asian Markets
|
Asia Opening
|
Price
|
Change
|
% Change
|
|
Nikkei 225
|
22,591.71
|
-22.98
|
-0.10
|
|
Hang Seng
|
25,991.54
|
15.88
|
0.06
|
|
Shanghai
|
3,357.61
|
12.27
|
0.37
|
|
SGX Nifty
|
10,785.50
|
25.50
|
0.24
|
Key domestic benchmark indices continued its march northward for the fifth session in a row on Tuesday. Sensex climbed 0.51 per cent and closed at 36,674.52 level and Nifty ascended 0.33 per cent to settle at 10,799.65. In broader market, Nifty Mid-cap and Nifty Small-cap ended the day with a gain of 0.44 per cent and 1 per cent, respectively. On sectoral front, sectoral indices displayed a mixed trend with Nifty Private Bank, Nifty IT and Nifty Bank recorded as top gainers. While, Nifty Metal and Nifty Realty ended as top losers.
On back of renewed concerns over coronavirus, Tuesday’s session turned out to be abysmal for the US stocks. Dow tumbled the most as Boeing, one of the major constituents of Dow, plunged close to 5 per cent on Tuesday. Dow ended the session below 26,000 mark. The tech-heavy Nasdaq recoiled after registering all-time high in earlier sessions, whereas S&P 500 lost just over 1 per cent. On Tuesday, European stocks ended lower amid weak economic data and continuous rise in new COVID-19 cases.
US Markets
|
US Closed
|
Price
|
Change
|
% Change
|
|
Dow
|
25,890.18
|
-396.85
|
-1.51
|
|
S&P 500
|
3,145.32
|
-34.40
|
-1.08
|
|
Nasdaq
|
10,343.89
|
-89.76
|
-0.86
|
|
GlobalDow
|
2,879.22
|
-2.96
|
-0.10
|
Europe Markets
|
Europe Closed
|
Price
|
Change
|
% Change
|
|
FTSE 100
|
6,189.90
|
-96.04
|
-1.53
|
|
DAX
|
12,616.80
|
-116.65
|
-0.92
|
|
CAC 40
|
5,043.73
|
-37.78
|
-0.74
|
|
FTSE MIB
|
20,012.68
|
-19.18
|
-0.10
|
|
IBEX 35
|
7,447.40
|
-108.80
|
-1.44
|
|
Stoxx 600
|
368.96
|
-2.25
|
-0.61
|
Commodity
|
Commodity
|
Price
|
Change
|
% Change
|
|
Gold
|
1,805.30
|
-4.60
|
-0.25
|
|
Oil
|
40.53
|
-0.09
|
-0.22
|