Hi there! From ETMarkets.com, this is Abhinav Kaul with Your Evening Briefing.
LET’S START WITH THE TOP HEADLINES AT THIS HOUR
>> Sensex rebounds over 2.5% day after its worst show in history >> FM delays stimulus, raises IBC threshold, extends tax filing deadlines >> India’s gold sales may hit 25-year low due to virus lockdown >> 20 stocks in Jhunjhunwala’s portfolio hit 52-week lows >> Rupee recovers from record low, rises 19 paise to 76.10 >> Oil jumps 5% on Fed steps to support economy
Now a quick glance at what happened in Indian stock market.
Sensex closed 693 points higher at 26,674. Earlier in the day, it had risen more than 1,200 points on hopes that the Finance Minister will unveil an economic package.
Nifty advanced 191 points to close at 7,801. India Vix jumped 16.13 per cent to 83.60.
Even as the market recovered from Monday’s mayhem, the market breadth favoured the bears. Declining shares outpaced advancing ones in the ratio of 3:2.
In stock-specific action, Hindustan Unilever jumped 8.34 per cent after the FMCG major announced the acquisition of VWash from Glenmark Pharma.
IndusInd Bank tumbled 7.19 per cent to Rs 312.35 after Romesh Sobti retired as MD & CEO of the lender.
Adani Transmission said it has bought back non-convertible debentures (NCDs) worth Rs 125 crore. Following the news, the stock fell 0.24 per cent to Rs 185.30.
Infosys leaped 13% as SEC concludes whistleblower investigation
ETMarkets.com caught up with Ajit Mishra of Religare Broking to get the lowdown on market fundamentals.
The government is brining in measures to cushion blow from cornonavirus lockdowns. Do you think all these steps will support the market? Five largecaps that are looking attractive right now?
In global markets, Asian stocks rallied as the US Federal Reserve’s promise of bottomless dollar funding eased painful strains in financial markets.
European shares attempted another rebound on Tuesday after slumping in the previous session.
Back home, Nifty50 cut its intraday gains and formed an indecisive Doji candle. Analysts said Nifty sustaining above the 7,500 level could give traders some comfort in the coming sessions
Rohit Singre of LKP Securities has more on market technicals.
Volatility index is hovering around the 82 level. What does this mean for the market?
That’s all for now, folks. Do check out ETMarkets.com for detailed market analysis and download the ETMarkets app on your phone for round-the-clock market coverage, investment tips and dozens of stock recommendations.