The Nifty futures closed positive at 14,914 levels with a gain of 2.09%. Among the specific shares, UPL NSE 7.27%, Mindtree, Adani Enterprise, JSW Steel, Tata Steel, HCL Tech, Infosys NSE 3.67%, Biocon, Nestle India, HUL, Shree Cement, Device Labs, Cummins India, saw a spurt in business setup Has gone. HDFC Bank NSE 4.18%, TCS and Titan but weaker in M&M Finance, PFC, REC, Indigo, RBL Bank, M&M and Bata India.
On Tuesday, the Nifty opened with a gap with positive global cues, and with the overall decline of the previous week. The index is honouring its immediate support area, as the bull can be seen coming back in strength. The index ended the day with a handsome gain of around 330 points. It produced a healthy fast candle.
Bank Nifty opened with a gap but went into a range for the most part of the session. The banking index ended the day with a gain of about 550 points but has been weak in the broader market for the past two sessions. The index constituted a rapid candlestick on the daily scale and has remained high and risen for the past two sessions. Now it has to be kept above the 33,500 level to bounce towards the 34,500 and 34,500 levels, while the downside is present at the 33,333 and 33,000 levels.
Us Asian shares were merged in Tuesday’s trading after the shares were shelved due to optimism, such as the reopening of the Suez Canal, with caution about the vaccine rollout.
Japan’s benchmark slipped 0.1% to 29,347.21 in morning trade. Australia’s S&P / ASX 200 fell 0.4% to 6,772.10 points. South Korea’s Kospi rose 0.6% to 3,053.78. Hong Kong’s Hang Seng gained 0.3% to 28,408.74, while the Shanghai Composite slipped 0.3% to 3,423.83.
That S&P 500 slipped 0.1%, recovering most of the 0.8% slide in the first day. Banks suffered some sharp losses, while technology stocks also declined widely as China announced more tax breaks to strengthen its own chip sector.
The S&P 500 fell 3.45 points to close at 3,971.09 points. The Dow rose 98.49 points, or 0.3%, to 33,171.37. The S&P 500 climbed to an all-time high of the previous week. The Nasdaq closed down 79.08 points or 0.6% at 13,059.65.
The Russell 2000 index of small-company stocks fell more than the broader market, rising 62.80 points or 2.8% to 2,158.68.
Benchmark US crude fell 13 cents to $ 61.43 a barrel in energy trading. Internationally, Brent crude fell 21 cents to $ 64.77 a barrel.
In currency trading, the US dollar rose from 109.64 yen to 109.94 Japanese yen. The euro costs $ 1.1768, down from $ 1.1775.