!1 New UpdateClick here for latest updates
SGX Nifty signals gap-up start
Nifty futures on the Singapore Exchange traded 101.5 points, or 0.69 per cent, higher at 14,894.50 in signs that Dalal Street was headed for a positive start on Tuesday.
Tech View: No follow-through selling a respite
Nifty50 on Monday topped the 14,750 level and formed an Inside Bar on the daily chart. The price action for the day was noteworthy. First, there was no follow-through to the long bearish candle on Friday. Second, the 50-pack index took support from a rising 50-day moving average and at 50 per cent retracement of 13,596-15,431 rally. Besides, the index broke below minor swing low of 14,613, before seeing recovery, said independent analyst Manish Shah.
Search, Select & Invest in Top Stocks
Asian shares rise as risk assets shine
Asian shares are poised to rally on Tuesday as a halt in a recent bond markets sell-off calmed investor nerves and lifted riskier assets, although oil prices were on the defensive on fears of slowing Chinese energy consumption. Australian shares jumped 0.8 per cet in early trade, while E-mini S&P futures climbed 0.15 per cent. Japan’s Nikkei opened 0.93 per cent higher.
FIIs buy Rs 125 crore worth stocks
Net-net, foreign portfolio investors (FPIs) were buyers of domestic stocks to the tune of Rs 125 crore, data available with NSE suggested. DIIs were net sellers to the tune of Rs 194.88 crore, data suggests.
US stocks surge on optimism over vaccines, stimulus
Major indices leapt at the open and remained in positive territory the entire day, led by the tech-rich Nasdaq Composite Index, which jumped 3.0 percent to close at 13,588.83, its best day since November. The Dow Jones Industrial Average climbed 2 per cent to end 31,535.51, while the broad-based S&P500 index gained 2.4 percent to 3,901.82, its best session since June.
Discover & screen trade opportunities
Rupee drops 8 paise to 73.55 against dollar as oil spikes
The rupee dropped by 8 paise to close at 73.55 against the US dollar on Monday, extending its falling streak to a third day due to spike in global crude oil prices and strong American currency. At the interbank forex market, the local unit opened lower at 73.76 against the greenback and witnessed an intra-day high of 73.19.
Sensex, Nifty on Monday
BSE Sensex surged nearly 750 points and NSE Nifty rallied over 232 points on Monday as investors cheered the domestic economy returning to positive territory after two quarters of contraction. The 30-share index briefly traded above the 50,000-mark in day trade before closing at 49,849.84, showing a rise of 749.85 points or 1.53 per cent. Of the Sensex constituents, 29 closed with gains. Likewise, the NSE barometer Nifty settled with a gain of 232.40 points or 1.60 per cent at 14,761.55.
Good morning, dear reader! Here’s something to kickstart your trading day
Go to the news source: sensex today: SGX Nifty gains over 100 points, hints at gap-up start for domesti…