INSUBCONTINENT EXCLUSIVE:
opened despite coronavirus deaths continued to mount.
The total number of deaths in China has topped 1,000, well past the toll from Severe
Acute Respiratory Syndrome, which killed nearly 800 worldwide.
BSE flagship Sensex rose 439 points to 41,418.64 while NSE benchmark Nifty
added 111 points to 12,142
Broader market indices were faring in-line with their headline peers as Nifty Smallcap gained 0.70 per cent to 6,221 while Nifty Midcap
jumped 0.63 per cent to 18,306
Nifty 500 advanced 0.83 per cent to 10,028.
Factors driving D-Street rallyFirm global cues: Traders took positives from the gains in the US
On Tuesday, most Asian markets were up
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9 per cent, with Shanghai blue chips ahead by 0.8 per cent.
US stocks
closed higher overnight boosted by heavyweight technology shares
The Dow Jones Industrial Average increased 174.31 points, or 0.60 per cent, to 29,276.82 on Monday
The S-P 500 increased 24.38 points, or 0.73 per cent, to 3,352.09
The Nasdaq Composite Index was up 107.88 points, or 1.13 per cent, to 9,628.39
Another relief from RBI: The Reserve Bank on Monday said the special lending window with CRR exemption will be open from February 14 and
incremental loans disbursed under this facility will have CRR exemption for the next five years
This means that banks will not be needed to make additional cash reserve ratio against any incremental loans disbursed to the targeted
Banks should be encouraged to pass benefits to end-consumers and push credit growth
Nifty Bank jumped 1.27 per cent to 31,452
All constituent of the index were in the green
Market at a glanceAll sectoral indices on NSE were trading with gains in early trade
Nifty Metal that fell 3 per cent on Monday, was the biggest gainer, adding 1.43 per cent
Among other big gainers were Nifty PSU Bank, Nifty Auto and Nifty Bank.
All 30 stocks in the Sensex were trading in the green
ITC was the biggest gainer, up 1.9 per cent at Rs 214.90
Tata Steel followed with gains of 1.83 per cent at Rs 451
Ultratech Cement, SBI, Hero Moto and Axis Bank were among other gainers in the pack.
India VIX, the measure of volatility in the market,
dipped 3.18 per cent to 13.75
This means market participants expect relatively lower volatile movement going ahead.