You are here: Home » News-CM » Equities » Market Report
Business Standard

Market may open in positive zone

Capital Market 

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 34 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading mixed on Wednesday after renewed U.S. stimulus hopes helped Wall Street higher.

In US, Wall Street shares closed higher Tuesday on growing optimism that U.S. lawmakers are nearing a deal on a stimulus package aimed at cushioning the economic shock from the coronavirus pandemic.

The White House and Democrats in the U.S. Congress moved closer to agreement on a new coronavirus relief package on Tuesday as President Donald Trump said he was willing to accept a large aid bill despite opposition from his own Republican Party. Negotiations will continue on Wednesday, an aide to top U.S. Democrat Nancy Pelosi reportedly said.

On the coronavirus vaccine front, Moderna's CEO Stephane Bancel expects interim results from the firm's Covid-19 vaccine trial in November, reports indicated. Bancel also said that the U.S. Food and Drug Administration could issue an emergency use authorization before the end of the year.

Domestic markets:

Back home, domestic equity barometers ended with decent gains on Tuesday, rising for the third straight session. The barometer index, the S&P BSE Sensex, rose 112.77 points or 0.28% at 40,544.37. The Nifty 50 index added 23.75 points or 0.20% at 11,896.80.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,585.07 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,633.23 crore in the Indian equity market on 20 October, provisional data showed.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, October 21 2020. 08:23 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU