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Sensex jumps 1.6%, extends Nov gains to 9.3%
Analysts expect the US dollar to weaken, oil prices to moderate, and interest rates to remain low under president-elect Joe Biden's administration, providing a tailwind for domestic equities
SINGHANIA, Abakkus Asset Manager, tells Puneet Wadhwa that back home, the September 2020 quarter results may comprehensively beat expectations and that may result in big earnings upgrades
Given the sharp volatility, it is preferable to stick to leaders or top-tier players across sectors as they consolidate their position and gain market share
The Sensex gained 553 points, or 1.3 per cent, to end at 41,893 - just 52 points shy of the previous record of 41,945 seen on January 17
Sensex, Nifty jump 1.8% to close at highest level since February 19
Robust buying in market-heavyweight Reliance Industries and IT stocks boosted the benchmarks, even as a sharp depreciation in the rupee weighed on sentiment, traders said
Catch-up rally in banking stocks on better-than-expected Q2; analysts expect the momentum to sustain
During the September quarter, the Sensex and the Nifty indices rallied nearly 10 per cent, while the broader markets rallied even more
After a sustained bull run, the markets are expected to enter a turbulent period
Depreciating rupee and weak Q2 results from blue-chips further sap risk appetite
For Sensex, Nifty50, and Nifty Bank, the underneath trend is bullish till the crucial support levels are held on a closing basis.
Hopes of higher foreign inflows into local mkts after change in foreign ownership limits drive rally
The Sensex opened on a weak note but gained ground in the last hour to finish at 40,794.74, up 169.23 points or 0.42 per cent
Nifty reclaimed the 12,000 mark in trade on Monday - a level last seen in February 2020. The rally since February low has been mostly fueled by pharma, IT and auto stocks, data show
There was, however, a mixed trend overseas after US President Donald Trump dashed hopes of a pre-election stimulus package
The Sensex rose 601 points, or 1.54 per cent, to end at 39,574 on Tuesday - the highest since February 27; Nifty 50 index rose 159 points, or 1.4 per cent, to end at 11,662
Tata Consultancy Services (TCS) soared over 7 per cent after the IT services company announced that it would consider a share buyback proposal later this week
Sensex, Nifty post weekly gains of 3.5 per cent
Bank Nifty gains 3.3%; benchmark indices have gained 4% in the past 2 sessions