INDIAN FACE
INDIAN EQUITY BENCHMARK
Recouping all its Budget day losses, equity market staged a stellar rebound on Tuesday with the benchmark indices settling over 2 per cent higher. Brisk buying was witnessed across-the-board. Further, recovery in global markets too boosted investor sentiment. Saturday fall was a knee-jerk reaction but as investors realised that the budget will aid in the long-term growth of the economy, the market picked up, analysts said. The S&P BSE Sensex today added 917 points or 2.30 per cent to end at 40,789 levels. Barring HUL and Bajaj Auto, rest 28 stocks in the 30-share Sensex index ended in the green. Titan - up over 7 per cent emerged as the biggest gainer on the index after it announced Q3 results.
GLOBAL FACE
Asian Market- Asian markets improve a day after the coronavirus shocked Chinese stocks. Stocks in Asia mostly improved Tuesday, one day after Chinese markets experienced their worst session in years. The Shanghai Composite (SHCOMP) ended up 1.3%.Hong Kong's Hang Seng Index (HSI) rose 1.2% Tuesday, while South Korea's Kospi (KOSPI) rose 1.8%. Japan's Nikkei 225 (N225) edged up 0.5%.
U.S. Market- U.S. stock futures jump — Jim Cramer cites Democratic disarray and imminent impeachment end. Futures on the S&P 500 ES00, +1.08% climbed 1% to 3,278.70, and Dow industrials YM00, +1.04% futures rose 276 points.
Recouping all its Budget day losses, equity market staged a stellar rebound on Tuesday with the benchmark indices settling over 2 per cent higher. Brisk buying was witnessed across-the-board. Further, recovery in global markets too boosted investor sentiment. Saturday fall was a knee-jerk reaction but as investors realised that the budget will aid in the long-term growth of the economy, the market picked up, analysts said. The S&P BSE Sensex today added 917 points or 2.30 per cent to end at 40,789 levels. Barring HUL and Bajaj Auto, rest 28 stocks in the 30-share Sensex index ended in the green. Titan - up over 7 per cent emerged as the biggest gainer on the index after it announced Q3 results.
GLOBAL FACE
Asian Market- Asian markets improve a day after the coronavirus shocked Chinese stocks. Stocks in Asia mostly improved Tuesday, one day after Chinese markets experienced their worst session in years. The Shanghai Composite (SHCOMP) ended up 1.3%.Hong Kong's Hang Seng Index (HSI) rose 1.2% Tuesday, while South Korea's Kospi (KOSPI) rose 1.8%. Japan's Nikkei 225 (N225) edged up 0.5%.
U.S. Market- U.S. stock futures jump — Jim Cramer cites Democratic disarray and imminent impeachment end. Futures on the S&P 500 ES00, +1.08% climbed 1% to 3,278.70, and Dow industrials YM00, +1.04% futures rose 276 points.