Global growth rebound has solidified, but spread of delta variant poses risks, Moody's Investors Service said in its latest assessment of global economy as the pandemic continues.
Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion
Domestic equities will be guided by macroeconomic data, auto sales numbers and global trends this week, analysts said. Equity benchmark indices scaled new closing highs on Friday, with the 30-share BSE index closing above the 56,000-mark for the first time. The market capitalisation of BSE-listed companies jumped to an all-time high of Rs 2,43,73,800.36 crore on Friday. "Markets could be impacted by an eventful economic calendar which begins with quarterly GDP growth rate numbers, followed by auto sales numbers and manufacturing PMI data," according to a note by Samco Securities Research. Markets would also continue to watch COVID-19 trends and pace of vaccination. During the last week, the BSE benchmark gained 795.40 points or 1.43 per cent. "Domestically, the result season is over with better-than-expected delivery and now with vaccination drive going on in full swing, economic recovery is expected to gain pace. However, sharp outperformance in the past 18 months had led to conc
The broader markets, meanwhile, outperformed, rising for the fourth straight session
The spread of the Delta variant of the coronavirus and the U.S. Federal Reserve's pending plans to taper its asset purchases are likely to leave equity markets exposed to turbulence
The STOXX index of 600 European companies, nudged 0.15% higher to 472.51 points, less than four points from its record high from earlier this month
The Nifty IT index put up a strong show with a 0.7 per cent gain while the Nifty Realty index slipped 0.8 per cent.
The BSE MidCap and SmallCap indices settled 1.5 per cent and 1.7 per cent higher, respectively
Global shares mostly gained Tuesday, boosted by a near-record rise on Wall Street, although the momentum began to fizzle over worries about the economic fallout from surging coronavirus infections in Asia. France's CAC 40 was little changed, inching down less than 0.1per cent to 6,682.28 in early trading, while Germany's DAX added 0.2per cent to 15,884.33. Britain's FTSE 100 slid 0.1per cent to 7,103.75. U.S. shares were set to drift higher with Dow futures gaining nearly 0.2per cent to 35,334.00. S&P 500 futures were up 0.2per cent at 4,485.75. Japan's benchmark Nikkei 225 rose 0.9per cent to finish at 27,732.10. South Korea's Kospi gained 1.6per cent to 3,138.30. Australia's S&P/ASX 200 rose 0.2per cent to 7,503.00. Hong Kong's Hang Seng added 2.5per cent to 25,727.92, while the Shanghai Composite was up 1.1per cent at 3,514.47. Some parts of Asia have had slower vaccine rollouts than the U.S. and Europe and are at a greater risk for the more contagious delta ...
Sectorally, the Nifty IT index advanced 2 per cent while the Nifty Auto index tumbled 1.5 per cent
The Dow Jones Industrial Average ended up 0.65%, while the S&P 500 gained 0.81% and the Nasdaq Composite added 1.19%
A Wall Street brokerage has warned of a 9% near-term correction for the equity market, saying the street has only limited runway to continue the rally that began in the second half of last year
The shares rose nearly 10% to 156.8 pence in London on Friday morning
The clearest alarm bell is coming from commodities most sensitive to any shifts in economic growth
Earlier in the day, the 30-share index scaled mount 56,000 and hit a fresh record high of 56,118. The Nifty50, on the other hand, hit a new high of 16,702
The Nifty Metal index skidded 2.5 per cent
The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.
With corporate earnings season largely over, equity investors would focus on global trends for further direction in a holiday-shortened week ahead, analysts said
Outbound shipments grew by nearly 50 per cent over July 2020, which can be partly attributed to a favourable base
Amid a steep rally, investors got richer by Rs 2.4 trillion, BSE data showed