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#Nifty ends 2020 with gains of 15%, the best returns since 2017. #BQMarketWrap
— BloombergQuint (@BloombergQuint) December 31, 2020
Market blog: https://t.co/9819xtZOke pic.twitter.com/oaYT5FDvfh
Jubilant Foodworks to acquire stake in Barbeque-Nation Hospitality for Rs 92 crore.
— BloombergQuint (@BloombergQuint) December 31, 2020
Catch all market updates: https://t.co/L7Dk41crTF pic.twitter.com/l6oCD4NtSM
Reliance Jio Says:
BHEL wins orders for Electro-Mechanical works in Andhra Pradesh and Telangana.
— BloombergQuint (@BloombergQuint) December 31, 2020
Catch all market updates: https://t.co/L7Dk41crTF pic.twitter.com/eWjiDTESLM
L&T Construction wins 'significant' orders for various businesses. pic.twitter.com/mXImQNzyvv
— BloombergQuint (@BloombergQuint) December 31, 2020
Tejas Networks wins an international order worth $13 million. pic.twitter.com/X4sY8NJJ1i
— BloombergQuint (@BloombergQuint) December 31, 2020
Indian equity markets have opened little changed on the final trading day of the year.
The S&P BSE Sensex has opened seven points higher at 47,753 while the NSE Nifty 50 index has opened 12 points lower at 13,970. The index is set for its best annual performance since 2017.
Most sectoral indices too have opened little changed. The I.T. index is down 0.3% while the Metal index, which outperformed on Wednesday, has opened 0.2% lower. Other sectoral indices have opened flat.
Broader markets too have opened flat but with a positive bias. The midcap index is up 0.1% while the Smallcap index is up 0.2% at the start of trade.
962 stocks on the NSE have opened with gains while 561 are declining. 503 are unchanged.
Good Morning!
The NSE Nifty 50 is 19 points shy of scaling the 14,000 mark for the first time ever. As of closing on Wednesday, the 50-stock index was up 14.9% this year, making it the best annual return since 2017. This will also be the first instance when the index has gained for three straight quarters since 2017.
During the October-December period, the Nifty has gained over 24%, which will be its best quarterly performance since the April-June period of 2009.
Futures, however, are indicating that the index may open the final trading session of the year with a negative bias. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 14,033 as of 8:35 a.m.
Benchmark indices in Hong Kong and China are rising this morning while those in Japan and South Korea are shut due to the New Year holiday. The U.S. Dollar has continued to weaken, falling to the lowest in two-and-a-half years.
Futures on the Dow Jones are trading 30 points higher. The index rose 0.2% on Wedensday.
West Texas Intermediate crude fell 0.3% to $48.26 per barrel while bitcoin has surged past the $29,000 mark.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.
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