Gains in European, US futures help index stage a comeback
Fed's assessment of a long-lasting damage to US economy dented risk appetite
The flattening of the 'Covid-19 infection curve', Covid-19 impact on corporate earnings and the economic policies, they say, hold key to the market trajectory.
Index trading at price-to-book ratio of 2.9x, compared to 20-year average of 3.5x
After climbing to 34,928 in intra-day trade, the Sensex settled at 34,371 - 557 off the day's high but 83 points more than the previous close
The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues
The commentary by technical analysts has moved from 'sell on rallies' to 'buy the dips', with most expecting the bullish momentum, seen over the past three weeks, to sustain
The Sensex Index advanced 0.9 per cent while and NSE Nifty 50 Index rose 1.1 per cent at the close in Mumbai.
Stocks in the BSE 500 universe account for nearly 93 per cent of India's market capitalisation.
Today, a total of 15 companies including DLF, PI Industries, and SRF are scheduled to announce their March quarter results
The Nifty ended the session at 10,062, gaining 0.83 per cent, or 83 points. The Sensex, on the other hand, rose 284 points, or 0.84 per cent, to end the session at 34,110
Tata Motors' stock could be active in today's session after the company announced that it has resumed operations across all its manufacturing plants in the country
Interestingly, all the 50 Nifty components have delivered positive gains during this period.
The Sensex gained for the fourth consecutive day, rising 879 points, or 2.7%, to end at 33,303, while the Nifty rose 246 points, or 2.6%, to end at 9,826
The lockdown's impact on corporate earnings will be worse than seen during the GFC, according to Nomura
The month of May saw two large share sales -Rs 25,000-crore in Hindustan Unilever (HUL), and Rs 8,400-crore in Bharti Airtel (Airtel
Compared to the March quarter last year, the ownership is higher by 140 bps
We are currently seeing a triple shock - medical shock and consequent supply shock and demand shock. Finding a medical solution to Covid-19 is going to determine the shape of the markets
Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings
The Sensex closed at 30,028, down 1,069 points, or 3.4%, and the Nifty fell 314 points, or 3.4%, to end at 8,823