INDIAN FACE
INDIAN EQUITY BENCHMARK
Buying in FMCG, metals, financials and auto counters along with positive global cues helped equity market settle in the green for the second day in a row on Wednesday. The S&P BSE Sensex rallied 350 points or 0.85 percent to end at 41,566 while NSE's Nifty50 settle at 12,201, up 93 points or 0.77 percent.
FMCG giant Hindustan Unilever (HUL) zoomed over 5 percent to end at Rs 2,262 apiece on the BSE. It was the top gainer on the Sensex. The stock hit a fresh 52-week high of Rs 2,271 during the day. HUL’s m-cap stood at Rs 4, 89,464 crore (Rs 4.89 trillion).
GLOBAL FACE
Asian Market- Asian markets rise despite coronavirus concerns.
U.S. Market- US futures point to further gains after stocks hit new highs. U.S. stock index futures rose on Wednesday morning after the S&P 500 and Nasdaq eked out fresh record closing highs on Tuesday. Dow futures indicated an implied positive open of more than 120 points, while futures on the S&P and Nasdaq also climbed.
European markets- Japan’s Nikkei 225 NIK, +0.74% rose 0.5% in morning trading. Australia’s S&P/ASX 200 XJO, +0.47% gained 0.6% and South Korea’s Kospi 180721, +0.69% was about flat. Hong Kong’s Hang Seng HSI, +0.87% added 0.7%, while the Shanghai Composite SHCOMP, +0.87% inched up 0.1%.
Buying in FMCG, metals, financials and auto counters along with positive global cues helped equity market settle in the green for the second day in a row on Wednesday. The S&P BSE Sensex rallied 350 points or 0.85 percent to end at 41,566 while NSE's Nifty50 settle at 12,201, up 93 points or 0.77 percent.
FMCG giant Hindustan Unilever (HUL) zoomed over 5 percent to end at Rs 2,262 apiece on the BSE. It was the top gainer on the Sensex. The stock hit a fresh 52-week high of Rs 2,271 during the day. HUL’s m-cap stood at Rs 4, 89,464 crore (Rs 4.89 trillion).
GLOBAL FACE
Asian Market- Asian markets rise despite coronavirus concerns.
U.S. Market- US futures point to further gains after stocks hit new highs. U.S. stock index futures rose on Wednesday morning after the S&P 500 and Nasdaq eked out fresh record closing highs on Tuesday. Dow futures indicated an implied positive open of more than 120 points, while futures on the S&P and Nasdaq also climbed.
European markets- Japan’s Nikkei 225 NIK, +0.74% rose 0.5% in morning trading. Australia’s S&P/ASX 200 XJO, +0.47% gained 0.6% and South Korea’s Kospi 180721, +0.69% was about flat. Hong Kong’s Hang Seng HSI, +0.87% added 0.7%, while the Shanghai Composite SHCOMP, +0.87% inched up 0.1%.