Wall Street opened higher on Tuesday when the formal go-ahead for President-elect Joe Biden’s transition to the White House ended weeks of political uncertainty, while Tesla rose 3.3% to exceed $ 500 billion in capitalization. market for the first time. At 10 a.m. ET, the Dow Jones Industrial Average was …
Read More »Dow hits record as Moderna data bolsters vaccine bets
The Dow hit a record Monday after Moderna became the second American company in a week to report positive results from its COVID-19 vaccine test, raising hopes for a faster economic recovery from a recession led by a pandemic. Moderna Inc soared 7.7% as it said its experimental vaccine was …
Read More »Indices end at an all-time high for the second day, Sensex earns 680 pts, exceeds 43K
Extending their winning streak to the seventh consecutive session, the benchmark indices gained more than 1 percent to hit record levels for the second consecutive session on Tuesday. Investor confidence got a big boost after Pfizer said its experimental Covid-19 vaccine was more than 90 percent effective based on the …
Read More »‘Predictable policies: a Biden win may bode well for markets’
Written by Sandeep Singh, edited by Explained Desk | New Delhi | Updated: November 7, 2020 8:06:41 am There is also a sense that a Biden victory will see the union of the global community, as Trump had withdrawn from various treaties and taken extreme positions on issues, including that …
Read More »Technology Leads US Stocks Higher As Investors Await Election Results; Dow jumps 550 pts
After bouncing back earlier this week amid hopes that the arrival of Election Day will clear up the uncertainty that has been weighing on the markets, U.S. Treasury bond yields and futures rose, fell. and fell back overnight as early results showed a race that is still too close to …
Read More »Finance raises rates; Sensex ends 504 pts prior to the US survey result.
The Indian stock market closed Tuesday up 1 percent, supported by favorable global signals, ahead of the outcome of the US presidential election. Analysts say that while predicting the outcome of the election is more difficult than never a victory for Democratic candidate Joe Biden will be good for emerging …
Read More »F&O expiration: L&T, HDFC twins drag Sensex 173 pts; Nifty is set at 11,671
Indian markets were unable to sustain their slight recovery in midday trading and fell half a percent, before the October series derivatives contracts expired. The S&P BSE Sensex was trading around 39,700 levels, down 220 points. The index hit an intraday low of 39,524. Meanwhile, the broader Nifty50 index hovered …
Read More »Sensex Up 377 Pts As Financials and Consumer Goods Rebound; Nifty ends at 11,889
The national stock market closed about 1 percent higher on Tuesday, led by gains in financial and consumer goods stocks. Also, hopes for higher inflows after Morgan Stanley Capital Investment (MSCI) said it will implement the new regime on foreign ownership limits (FOL) on MSCI global indices containing Indian stocks …
Read More »MARKET: Maruti, HDFC help Sensex to raise 127 pts; Nifty tops 11,900
A healthy buying of select auto, technology and bank stocks helped benchmark indices settle in the green on Friday. The S&P BSE Sensex closed 127 points, or 0.31 percent higher at 40,686 levels, while the NSE Nifty closed at 11,930, 34 points higher, or 0.28 percent. The volatility index, India …
Read More »LIVE MARKET: Sensex dropped 250 pts before SC’s hearing on interest exemption
Indian markets were more than half a percent lower on Wednesday before the Supreme Court hearing on a series of petitions seeking a waiver of interest on loans during the moratorium period. Among the major indices, the S&P BSE Sensex fell 250 points to 40,360 levels and the Nifty50 index …
Read More »