• Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
Wednesday, August 10, 2022
No Result
View All Result
SUBSCRIBE
The Outlooker
27 °c
Delhi
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
No Result
View All Result
The Outlooker
No Result
View All Result
  • National
  • Politics
  • Opinion
  • Business
  • Science
  • World
  • Health
Home Business

Sensex, Nifty end near all-time highs; here’s what experts makes of today trade

by The Outlooker Web Desk
November 15, 2020
in Business
0
1.8k
SHARES
12.9k
VIEWS
Share on FacebookShare on Twitter

Global markets too were jubilant, surging once again. Positive news flow around coronavirus vaccine gave the bulls a reason to rally.

Domestic benchmark indices gained for the sixth consecutive day to close near their all-time highs on Monday. S&P BSE Sensex closed just a tad bit low from it’s all time high of 42,645 points while Nifty 50 ended at 12,461 mark. Banking stocks continued to rally yet again with Bank Nifty ending 2.74% higher at 27,534 points. IndusInd Bank, ICICI Bank, and Axis Bank were some of the best performing banking stocks. Asian peers mirrored the same trend and closed with gains on Monday morning.

Vinod Nair, Head of Research at Geojit Financial services –

“Firm global cues and a clear majority to favorite democrats party in the US election took main benchmark indices to all time high. The rally in the domestic market was also led by Banking and Finance stocks on improved business outlook post Q2 results, end to moratorium and bounce back of economic activities. We expect more stimulus measures are required to boost the economy and announcements regarding the same from the government is expected in the near future that can further accelerate our domestic market.”

S Ranganathan, Head of Research at LKP Securities –

“Bulls went on a rampage today at the start of the week which promises everything right from Bihar Election results to Factory Output. A 200 point salute to the NIFTY also brought about positive vibes across a host of Small & Midcap stocks in the broader markets.”

Nish Bhatt, Founder & CEO, Millwood Kane International –

“The clarity on the outcome of the US Election has spread cheer for the global equity market. President-elect Joe Biden’s plans to reverse most of the tough decisions taken by Trump on visa and immigration plans to increase the H-1B visa limit and remove any country quota for green cards is a big positive for Indian IT companies. The market is rallying on hopes of fewer regulations and a bigger stimulus package under Joe Biden. The US economy needs a fresh stimulus package for a revival. India seems to be in a sweet spot and may gain as the US under Joe Biden is unlikely to ease pressure on China.”

Ajit Mishra, VP – Research, Religare Broking –

Markets started the week on a robust note and made a new record high, taking cues from the global indices. The reaction was mainly in response to the news of Joe Biden winning the US presidential elections. Besides, noticeable buying in index majors especially from the banking pack further boosted the sentiment. Further, the on-going corporate earnings, domestic economic data (IIP and CPI) and Bihar election outcome will be in focus. Meanwhile, markets would continue to mirror global indices. We suggest maintaining “buy on dips” approach and keeping extra caution in selection of stocks.

Abhishek Chinchalkar, CMT Charterholder and Head of Education, FYERS –

“Underpinning the Indian markets have been banking stocks, with Bank Nifty extending its recent surge to an 8-month high. Metal stocks have also supported the markets today, boosted by firm commodity prices amidst the dollar weakness. While short-term technical indicators suggest at overbought conditions, given the broad-based global rally, we feel the euphoric sentiment could prevail ahead of Diwali.”

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments –

“The Nifty extended its buoyant movement and closed at the day high which reinstates the bullish tone of the markets. If this momentum continues, we should be achieving 12650-12700 during the course of the November series itself.”

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

The Outlooker is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

The Outlooker Web Desk

The Outlooker Web Desk

Next Post
Ipca Laboratories Rating ‘Buy’; margins were higher than estimated

Ipca Laboratories Rating 'Buy'; margins were higher than estimated

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

3 Lashkar Terrorists Shot Dead In Jammu And Kashmir’s Budgam
National

3 Lashkar Terrorists Shot Dead In Jammu And Kashmir’s Budgam

August 10, 2022
Justice Uday Umesh Lalit Appointed As 49th Chief Justice Of India
National

Justice Uday Umesh Lalit Appointed As 49th Chief Justice Of India

August 10, 2022
Pawar accuses BJP of finishing off regional allies, backs Nitish Kumar for snapping ties with saffron party
Politics

Pawar accuses BJP of finishing off regional allies, backs Nitish Kumar for snapping ties with saffron party

August 10, 2022
Sworn in as CM for eighth time, Nitish tells BJP to 'worry' about 2024 LS polls
Politics

Sworn in as CM for eighth time, Nitish tells BJP to 'worry' about 2024 LS polls

August 10, 2022

Connect with us

No Result
View All Result

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020

Category

  • Artistic
  • Business
  • Crypto
  • Design
  • Entertainment
  • Fashion
  • featured
  • Food
  • Gaming
  • Health
  • Human
  • Lifestyle
  • Movie
  • Music
  • National
  • Opinion
  • Politics
  • Science
  • Spaces
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Recent Posts

  • 3 Lashkar Terrorists Shot Dead In Jammu And Kashmir’s Budgam
  • Justice Uday Umesh Lalit Appointed As 49th Chief Justice Of India
  • Pawar accuses BJP of finishing off regional allies, backs Nitish Kumar for snapping ties with saffron party

About Us

The Outlooker

The Outlooker is your source of authentic, hand-picked news, stories, analysis from India & the World.

  • Terms Of Service
  • Privacy Policy
  • About us
  • Submit your story
  • Contact

© 2019-2021 The Outlooker. All rights reserved.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2019-2021 The Outlooker. All rights reserved.