EEB (Photo credit: Kamlesh Pednekar)
Continuing their move north, the benchmark indices rose another 0.5 percent on Wednesday to settle for new closing peaks. The S&P BSE Sensex broke the 44,000 mark to end the day at 44,180 levels, up 227 points, or 0.52 percent, while NSE’s Nifty closed the session at 12,938, an increase of 64 points or 0, 5 percent.
Larsen & Toubro (L&T), ICICI Bank and Mahindra & Mahindra (M&M) were the main contributors to Sensex’s profit today, while Infosys, TCS and Hindustan Unilever (HUL) were the main obstacles.
India VIX fell nearly 3 percent to levels of 19.26.
Global markets
Global stocks retreated on Wednesday as weak US retail sales fueled concerns that rising coronavirus cases could affect a still fragile economic recovery, dampening the euphoria of advances in vaccine trials.
US S & P500 futures were down 0.4%, a day after the S & P500 index lost 0.48%, while Europe’s Euro Stoxx 50 futures were down 0.3 %.
Japan’s Nikkei fell 1.1 percent, hit by news that new coronavirus cases in Tokyo hit a record high.
In commodities, oil prices rose on hopes of a delay in the increase in supply from OPEC +.
(With input from Reuters)
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