Good Morning!
As of Friday’s close, the Sensex was 400 points from its all-time high, while the Nifty 50 was 170 points below the 12,430 level that climbed in January this year.
Both indices have posted a five-day winning streak and the futures indicate this may continue into the sixth session. The Singapore-traded SGX Nifty, an early indicator of the performance of the Nifty 50 index in India, rose 1.3% to 12,418 as of 8:05 am Monday.
Stocks such as Cipla, ITC, Divi’s Laboratories, and various broader market companies such as Vedanta, Balkrishna Industries, Affle India, Amber Enterprises, United Breweries may react to their reported quarterly results after market hours on Friday and over the weekend.
While there are no Nifty earnings today, broader market firms such as ADF Foods, Delta Corp, Equitas Small Finance Bank, IndiaMart InterMesh, Insecticides India, JK Cement and VIP Industries, among others, will announce their results.
Global stocks head to new high amid optimism about prospects under Joe Biden’s presidency in the U.S. Broad-based gains seen in Asia Pacific, with markets in Japan, South Korea, Australia and Hong Kong trading with healthy earnings.
Dow Jones futures are trading 335 points higher. The index ended modest losses on Friday when the outcome of the presidential election was still unclear.
West Texas Intermediate crude has expanded its earnings and is currently trading 2.8% higher at $ 38.18 a barrel.
You have little time? Well then listen to this podcast for a quick summary of Everything you need to know before the opening bell.
