With two days of gains, leading indices have recovered most of the losses sustained in the market crash on Monday. This also confirmed that the overall positive outlook of the market remains intact.
The 30-share pack Sensex advanced 437.49 points, or 0.95 per cent, to 46,444.18. NSE flagship Nifty gained 134.80 points, or 1 per cent, to 13,601.10.
“Market is continuing its rally amidst concerns over new virus strain, lockdown and weak global cues, fueled by IT, mid and small caps. The additional stimulus announced in the US did not gain much momentum in the global market as the quantum of the benefit was well-factored, but Europe and EMs are maintaining buoyancy. In the coming days, the market will also focus on Brexit trade deals which is expected to be finalized soon and fallout in the economy due to strict lockdown,” said Vinod Nair, Head of Research at Geojit Financial Services.
Market at a glance:
- Borosil Renewables gains for 4th day, locked at 20% upper circuit
- Majesco goes ex-dividend, ends at Rs 12.20 per share
- Vedanta surges 7% after India loses Cairns arbitration
- India VIX slides 7%, reflecting waning nervousness
- WPIL surges 20% after getting Rs 851 crore order from MP Jal Nigam
More to come…
