Social News XYZ     

Global cues lift equities; Sensex up over 600 pts

Global cues lift equities; Sensex up over 600 pts

Mumbai, July 22 (SocialNews.XYZ) Positive global cues along with rising risk appetite aided the equity markets to break the three session long losing streak on Monday.

Accordingly, the NSE Nifty50 scored the biggest one day gain in two months.

 

Initially, both the key indices opened higher and rose through the day with a brief correction in early afternoon.

Besides, almost all sectors ended in the green with the sole exception of FMCG.

Globally, markets traded higher on Thursday ahead of the European Central Bank meeting for a second day as optimism about an economic recovery appeared to outweigh concerns over rising coronavirus cases and inflation.

Consequently, the S&P BSE Sensex closed at 52,837.21, higher by 638.70 points, or 1.22 per cent, from its previous close.

The Nifty50 on the National Stock Exchange closed at 15,824.05, higher by 191.95 points, or 1.23 per cent, from its previous close.

"Nifty is on the cusp of the downgap area formed on July 19," said Deepak Jasani, Head of Retail Research at HDFC Securities.

"If this downgap is filled and we move above 15,883, then the path to further upmove opens up towards 15,915-15,962 band."

Source: IANS

Facebook Comments
Global cues lift equities; Sensex up over 600 pts

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz

PHP Code Snippets Powered By : XYZScripts.com
%d bloggers like this: