INDIAN FACE
INDIAN EQUITY BENCHMARK
Encouraging macro data points, buying in metal, realty and financial counters and positive global cues helped benchmark indices to settle in the green for the third consecutive day on Wednesday. The S&P BSE Sensex today rallied 353 points or 0.87 per cent to reclaim the crucial 41,100 level to end at 41,143. Tata Steel (up nearly 5.5 per cent) emerged as the biggest gainer on the index, followed by Bharti Airtel, HDFC, and TCS. On the contrary, Hero MotoCorp, Maruti and Power Grid were among the biggest losers. On the NSE, the benchmark Nifty50 index ended just shy away from the crucial 12,100 level at 12,089, up 106 points or 0.9 per cent.
GLOBAL FACE
Asian Market- Asian markets are higher, but the coronavirus still looms over businesses. China's Shanghai Composite Index (SHCOMP) rose 1.3% Wednesday, building on Tuesday's modest rebound. But the index has still not recovered from its heavy losses Monday, when it plunged nearly 8% and recorded its worst single-day performance since 2015.
U.S. Market- Stock rally expected to continue as Dow futures jump nearly 300 points. U.S. stock index futures pointed to a higher open on Wednesday as the market continues to bounce back from a steep sell-off that was sparked by worries over the coronavirus.
European markets- Japan's Nikkei 225 (N225) advanced 1% on Wednesday. Hong Kong's Hang Seng Index (HSI) rose 0.3%, while South Korea's Kospi (KOSPI) moved up 0.4%.
Encouraging macro data points, buying in metal, realty and financial counters and positive global cues helped benchmark indices to settle in the green for the third consecutive day on Wednesday. The S&P BSE Sensex today rallied 353 points or 0.87 per cent to reclaim the crucial 41,100 level to end at 41,143. Tata Steel (up nearly 5.5 per cent) emerged as the biggest gainer on the index, followed by Bharti Airtel, HDFC, and TCS. On the contrary, Hero MotoCorp, Maruti and Power Grid were among the biggest losers. On the NSE, the benchmark Nifty50 index ended just shy away from the crucial 12,100 level at 12,089, up 106 points or 0.9 per cent.
GLOBAL FACE
Asian Market- Asian markets are higher, but the coronavirus still looms over businesses. China's Shanghai Composite Index (SHCOMP) rose 1.3% Wednesday, building on Tuesday's modest rebound. But the index has still not recovered from its heavy losses Monday, when it plunged nearly 8% and recorded its worst single-day performance since 2015.
U.S. Market- Stock rally expected to continue as Dow futures jump nearly 300 points. U.S. stock index futures pointed to a higher open on Wednesday as the market continues to bounce back from a steep sell-off that was sparked by worries over the coronavirus.
European markets- Japan's Nikkei 225 (N225) advanced 1% on Wednesday. Hong Kong's Hang Seng Index (HSI) rose 0.3%, while South Korea's Kospi (KOSPI) moved up 0.4%.