The Nifty Realty index jumped 5 per cent today while the Nifty Metal index slipped 1.8 per cent
Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion
The broader markets, meanwhile, outperformed, rising for the fourth straight session
The spread of the Delta variant of the coronavirus and the U.S. Federal Reserve's pending plans to taper its asset purchases are likely to leave equity markets exposed to turbulence
Stocks are off to a mixed start on Wall Street as big tech companies gain while health care and other sectors fall. The S&P 500 was little changed in the early going Wednesday, a day after setting its 50th record high for the year. The gains for tech helped push the Nasdaq composite up 0.2per cent. The Dow Jones Industrial Average was slightly lower. TurboTax maker Intuit rose 2.6per cent after posting strong results for its most recent quarter. Overseas markets were mixed. The yield on the 10-year Treasury note rose slightly to 1.30per cent and crude oil prices edged higher.
S&P 500 and Nasdaq 100 futures were narrowly mixed after the S&P stock index posted its 50th record high close of the year on Tuesday, buoyed by positive news on Covid-19 vaccines
The Nifty IT index put up a strong show with a 0.7 per cent gain while the Nifty Realty index slipped 0.8 per cent.
Energy, travel shares rise on improving demand hopes; Best Buy gains on raising full-year sales forecast
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 ...
MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.2%, with Japan and South Korean indexes jumping more than 1%. Australia shares were up 0.2% and Taiwan stocks rose 0.7%.
Trillium nearly triples on Pfizer's $2.26 bn deal; GM to take $1 bn hit on expanded Bolt EV recall, shares slip
Sectorally, the Nifty IT index advanced 2 per cent while the Nifty Auto index tumbled 1.5 per cent
Sky-high valuations and the S&P 500's 100% rally from the pandemic low add to the difficulties facing strategists.
Signs of caution abound, even as U.S. stocks hover near record highs.
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
Wall Street opened sharply lower as investors digested data showing U.S. retail sales fell more than expected in July
The Nifty Metal index skidded 2.5 per cent
Even strategists lifting year-end targets warn of bumpy ride
A positive jobs report spurred Wall Street to push some stocks and Treasuries higher on Friday, but investor optimism was tempered by looming inflation, declining Federal Reserve stimulus