Indian equity markets advanced for the third straight day, registering the best three-day rally since May 2009.
The S&P BSE Sensex ended with gains of 4.9 percent at 29,946, up 1,260 points. 23 out of the 30 stocks ended the day with gains. The index has advanced 15.2 percent in the last three days.
The NSE Nifty 50 index ended 3.89 percent higher at 8,641. 38 out of the 50 stocks ended with gains. Today's move takes Nifty's 3-day advance to 13.7 percent.
Among sectoral indices, all sectors ended with gains with the Nifty Realty index being the top performer with gains of 7 percent.
1,275 stocks ended the trading day with gains, while 503 stocks posted losses.
Strong balance sheet and good cash flows - the two criterias Axis MF's Jinesh Gopani is recommending before investing.
— BloombergQuint (@BloombergQuint) March 26, 2020
Catch all the market updates here: https://t.co/YPGcOocZl5 pic.twitter.com/i4HyhkKR0y
European stocks retreated with U.S. equity futures and most Asian shares on Thursday as investors looked past stimulus packages to the mounting human impact of the coronavirus outbreak.
The Stoxx Europe 600 Index dropped at the open led by energy companies and miners after two days of gains.
European sovereign debt rose after the region’s central bank announced it will scrap limits on bond purchases for its emergency program in a landmark decision that gives it almost unlimited firepower to fight the economic fallout from the pandemic. The euro strengthened.
Other highlights of the press note include:
Nirmala Sitharaman Press Conference Live: Government Announces Direct Transfer, Food Measures Under Rs 1.7 Lakh Crore Scheme
Finance Minister to address the media today. pic.twitter.com/D0ZFQZX841
— BloombergQuint (@BloombergQuint) March 26, 2020
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‘Lockdown Blues’ Spur Citi to Cut India Stock Index Target
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U.S. Senate passes $2 trillion rescue plan. pic.twitter.com/vkmHfENhYl
— BloombergQuint (@BloombergQuint) March 26, 2020
Why Damani Family Is Betting On India Cements When Analysts Aren’t
Indian equity markets opened higher for the third straight day, despite mixed cues emerging from the Asia Pacific.
The S&P BSE Sensex opened 1.92 percent higher at 29,083, while the NSE Nifty 50 too opened with 1.72 percent gains at 8,460.
India Volatility Index fell another 3 percent to 75.27.
Among sectoral indices, most of them are subdued at open, barring Nifty I.T. which is up over 2 percent and Nifty Pharma which is gaining 1.2 percent.
Market breadth is in favour of advances. 803 stocks have opened with gains while 592 stocks are declining in opening trades.
Find out all that you need to know going into today’s trade and about the companies impacted due to the Covid-19 outbreak HERE!
India’s Three-Week Lockdown Ripples Through Metal Sector
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