The medium term earnings outlook remains robust. (Image: REUTERS) India has seen a severe second wave of the coronavirus pandemic as cases rose nearly 4 times from the previous peak. However, stock markets remain resilient, and after a 5% fall from all-time highs, benchmark indices are again surging higher. This, according to global investment manager
Nifty
Nifty could be headed towards 15,400 levels in the coming months. Nifty 50 may be again headed towards its lifetime high of 15,430 in the coming months, having held a key support level during the last few weeks’ correction, ICICI Direct said in a recent note. The benchmark NSE index was in the correction for
All the Nifty sectoral indices ended in the positive territory. Nifty PSU Bank index gained 2.3 per cent, BSE Sensex and Nifty 50 ended over one per cent higher on Tuesday, on the back of across-the-board buying mainly in Reliance Industries Ltd (RIL), HDFC Bank, ICICI Bank, Larsen & Toubro (L&T) and Bajaj Finance. BSE
Nifty 50 could see a pullback soon. By Dharmesh Shah Equity benchmarks concluded the truncated last week on a subdued note amid elevated volatility owing to surging Covid-19 wave 2 across India. The Nifty ended the week at 14341, down 1.8%. The broader market relatively outperformed as Nifty midcap lost 1% while small-cap remained flat.
Market participants will take cues from rising COVID-19 cases, oil prices, corporate earnings, rupee movement and other global cues. Image: Reuters SGX Nifty was trading over half a per cent weak in the early morning trade, hinting at a gap-down start for BSE Sensex and Nifty 50 on Friday. Market participants will take cues from