Friday, October 22, 2021
News

Positive macros push equities higher; Power stocks rise (Ld)

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Wednesday, 2021 7:15:06 PM IST
India's key equity indices - S&P BSE Sensex and NSE Nifty50 - made gains during Wednesday's mid-afternoon trade session.

Accordingly, equity indices opened gap up and inched up gradually through the morning session.

Globally, Asian stocks were mixed as traders weighed the impact of elevated inflation on the economic recovery and looked ahead to earnings disclosures.

Among sectors Power, Metals, Consumer Durables, Capital goods, Automobiles and Telecom are the main gainers so far whereas Realty index is marginally in the red.

Consequently, the 30-scrip sensitive index traded at 60,730.73 points around 1.00 p.m., up 446.42 points or 0.74 per cent.

Besides, the NSE Nifty50 traded at 18,155.95 points, up by 164 points or 0.91 per cent.

"Volumes on the NSE are in line and advance decline ratio is in the positive," said Deepak Jasani, Head of Retail Research, HDFC Securities.

"Nifty could consolidate or correct a bit later in the day but end up in the positive."

According to Gaurav Garg, Head of Research, CapitalVia Global Research: "Domestic sentiments remained positive as Finance minister said India's economic growth is near to its double-digit growth this year."

"Some support came as Consumer Price Index (CPI) fell to a five-month low of 4.35 per cent in September from 5.3 per cent in August month."

--IANS rv/sn/skp/

( 224 Words)

2021-10-13-13:24:05 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Bull Trends: Mondays, Thursdays seen as ...
Asian cues, mixed results subdue equity ...
Economic recovery widened in Q2FY22 as C...
Acuite retains India's FY22 growth forec...
Global cues, inflationary concerns dent ...
The Postcard Hotel wins multiple honours...
More...
 
INDIA WORLD ASIA
Minister asks MP police to take action a...
J-K: Medical teams should be credited, s...
SKM suspends Yogendra Yadav for a month...
PM Modi to address the nation at 10 AM t...
Petrol, diesel prices hiked again...
Martin Scorsese, Istevan Szabo to be hon...
More...    
 
 Top Stories
1 killed, several injured in factor... 
T20 WC: India and England to go as ... 
Martin Scorsese, Istevan Szabo to b... 
Petrol, diesel prices hiked again... 
PM Modi to address the nation at 10... 
Thailand to allow vaccinated visito... 
SKM suspends Yogendra Yadav for a m... 
J-K: Medical teams should be credit...