The BSE MidCap and SmallCap indices settled 1.5 per cent and 1.7 per cent higher, respectively
Global shares mostly gained Tuesday, boosted by a near-record rise on Wall Street, although the momentum began to fizzle over worries about the economic fallout from surging coronavirus infections in Asia. France's CAC 40 was little changed, inching down less than 0.1per cent to 6,682.28 in early trading, while Germany's DAX added 0.2per cent to 15,884.33. Britain's FTSE 100 slid 0.1per cent to 7,103.75. U.S. shares were set to drift higher with Dow futures gaining nearly 0.2per cent to 35,334.00. S&P 500 futures were up 0.2per cent at 4,485.75. Japan's benchmark Nikkei 225 rose 0.9per cent to finish at 27,732.10. South Korea's Kospi gained 1.6per cent to 3,138.30. Australia's S&P/ASX 200 rose 0.2per cent to 7,503.00. Hong Kong's Hang Seng added 2.5per cent to 25,727.92, while the Shanghai Composite was up 1.1per cent at 3,514.47. Some parts of Asia have had slower vaccine rollouts than the U.S. and Europe and are at a greater risk for the more contagious delta ...
Sectorally, the Nifty IT index advanced 2 per cent while the Nifty Auto index tumbled 1.5 per cent
The Dow Jones Industrial Average ended up 0.65%, while the S&P 500 gained 0.81% and the Nasdaq Composite added 1.19%
A Wall Street brokerage has warned of a 9% near-term correction for the equity market, saying the street has only limited runway to continue the rally that began in the second half of last year
The shares rose nearly 10% to 156.8 pence in London on Friday morning
The clearest alarm bell is coming from commodities most sensitive to any shifts in economic growth
Earlier in the day, the 30-share index scaled mount 56,000 and hit a fresh record high of 56,118. The Nifty50, on the other hand, hit a new high of 16,702
The Nifty Metal index skidded 2.5 per cent
The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.
With corporate earnings season largely over, equity investors would focus on global trends for further direction in a holiday-shortened week ahead, analysts said
Outbound shipments grew by nearly 50 per cent over July 2020, which can be partly attributed to a favourable base
Amid a steep rally, investors got richer by Rs 2.4 trillion, BSE data showed
In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.40% in early trading.
In the broader markets, both, the BSE MidCap and SamllCap indices hit record highs of 23,342 and 27,106, respectively earlier in the trade
In across the board selling by the investors, the benchmark indices tumbled for a third day while volatility shot up ahead of the US Federal Reserve outcome later today and Thursday's F&O expiry
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.31 per cent in morning trading
A global survey of nearly 500 economists taken this month also concluded recent rising inflation in key economies around the world would be transitory.
In New Delhi, the 22-carat gold is trading at Rs 46,950 per 10 gm, a gain of Rs 100 over yesterday's prices
Global stock markets followed Wall Street higher Thursday for a second day as optimism about an economic recovery appeared to outweigh concern over rising coronavirus cases and inflation. Market benchmarks in Frankfurt, Shanghai and Hong Kong advanced. London opened down less than 0.1 per cent. Japanese markets were closed for a holiday. Wall Street futures rose after the S&P 500 index climbed 0.8 per cent overnight. That put it on track for a weekly gain after rebounding from Monday's 1.6 per cent loss. Investors are wavering between optimism about a global recovery and unease that it might be delayed by the spread of the virus's more contagious delta variant. They also worry central bankers might feel pressure to tame rising inflation by rolling back easy credit. The delta variant remains an ever-present downside risk for the markets in the near-term," said Craig Erlam of Oanda in a report, but as long as inflation remains only a temporary problem, it also keeps central bank ...