Sensex extends gains to second straight day
ArcelorMittal posts strongest quarter in 10 yrs
Monsoon likely to arrive over Kerala on June 1
April consumer sentiment hits almost a year low
Company incorporations dip 27% in April
Petrol prices hiked by 25 paise, diesel by 30 paise
Kerala announces complete lockdown from May 8
Let us take a quick glance at what happened on the Dalal Street today.
Domestic indices on Thursday closed near day’s highs amid buying in heavyweight banking and IT names. Sensex traded in a range of 400 points and eventually kissed the 49,000-mark, before closing the day at 48,950. The range for Nifty was restricted to 110 points, but the index managed a close above the 14,700 level. The two indices gained just above half-a-per cent each.
While largecap stocks did not see much action, broader market stocks did. Strong numbers sent shares of IT firm Coforge 17 per cent higher. IDBI Bank jumped nearly 7 per cent on Cabinet’s approval to its strategic divestment. Aarti Drugs jumped 11 per cent while Wockhardt climbed 10 per cent. Smallcap IT firm Mastek also surged 14 per cent.
We have with us Vinod Nair of Geojit Financial Securities to share his views on the market. Welcome to the show, sir.
Where is the stock market headed and what cues should investors watch out for?
What has been the broader management commentaries that we heard on Covid 2.0 this earnings season?
We also caught up with Rohit Singre of LKP Securities to decode the technical charts for you.
The index failed to close above its 50-day moving average. Where is it headed?
Nifty Bank made a higher high-higher low on Thursday. Can we expect the index to take out 100-DMA soon?
Asian markets ended mostly mixed for the day. European markets were trading lower in the first few hours of trade. US stock futures were hinting at a flat start to US equities later in the day.
That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!
