SME Times is powered by   
Search News
Just in:   • SpiceJet re-introduces 'Zero Change fee' offer  • 'Good' progress made at nuclear talks but issues remain: Iran  • Fiscal package may be on cards to maintain economic recovery amid Covid 2.0  • Striking taxi drivers demands unreasonable: Goa tourism body  • Govt notifies Rs 6k cr PLI scheme for AC, LED light manufacturing 
Last updated: 25 Feb, 2021  

BSE.9.thmb.jpg Robust global cues, healthy FII inflows push equities higher

   Top Stories
» Fiscal package may be on cards to maintain economic recovery amid Covid 2.0
» FICCI writes to 25 CMs on Covid management
» Regulation of insolvent firms' shares still remains a dilemma
» ECLGS 2.0 now covers SMA-1 borrowers
» Forex reserves up by over $4 bn
SME Times News Bureau | 25 Feb, 2021
Robust global markets, along with healthy foreign fund inflows, aided India's benchmark equity indices to end higher for the second straight session on Thursday.

The two key indices had a gap up opening but later remained in a broad positive range.

On the global front, stocks rose after US Fed Chairman Jerome Powell reiterated that interest rates would stay low for a long time, soothing market fears that higher inflation might prompt the central bank to tighten monetary policy.

In terms of the domestic market, FIIs remained net buyers. On Wednesday, FIIs pumped in Rs 28,739.17 crore in BSE, NSE & MSEI in the capital market segment.

Besides, the trade session saw PSUs' continuing to outperform.

Among sectors, metals, realty, media, and PSU banks gained the most while FMCGs fell the most.

Consequently, the S&P BSE Sensex gained by 257.62 points, or 0.51 per cent, to 51,039.31 points from the previous close of 50,781.69.

It opened at 51,207.61 and touched an intra-day high of 51,386.12 and a low of 50,991.76 points.

The NSE Nifty50 on the National Stock Exchange closed at 15,097.35, higher by 115.35 points, or 0.77 per cent, from its previous close.

"Nifty rose for the second day with an upgap, but did not close at its intra day highs. In case we see a downgap opening and the gap is not filled soon, it could mean a near term top for the markets," said Deepak Jasani, Head of Retail Research at HDFC Securities.

"However the broader market is in good shape with advance decline ratio being hugely positive and BSE Smallcap index touching its all time high. On up moves, Nifty could face resistance at 15,176-15,188 band."

Vinod Nair, Head of Research at Geojit Financial Services, said: "Domestic market added strength on yesterday's rally supported by positive F&O monthly roll-over and robust global market. Small and mid-cap stocks continued its outperformance over the benchmark indices."

"World equity market rebound after getting assurance from central banks, importantly Fed, that good liquidity will be maintained, in spite of being under pressure of rising inflation, since the economy is still well below the pre-covid standpoint."
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 18 Apr, 2021
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Covid second wave: Lockdown or no lockdown(2)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter