INSUBCONTINENT EXCLUSIVE:
Buying interest in IT and select automobile stocks supported the marketsDomestic share markets extended gains to a third day in a row on
Tuesday, led by gains in heavyweights HDFC Bank and HCL Technologies
The S-P BSE Sensex index jumped 300.41 points - or 0.74 per cent - to touch 40,732.01 at the strongest level during the session following a
The broader NSE Nifty 50 benchmark climbed to as high as 11,949.25, up 76.2 points - or 0.64 per cent - from its previous close
Buying interest in IT and select automobile stocks supported the markets, however selling pressure in metal, consumer goods and PSU banks
GAIL, Indian Oil and UPL, closing 1.84-5.82 per cent lower each, were the worst hit among 24 laggards in the index.A slowdown in daily
important is the fall in death rate and its implication in the future
This has provided a hope that the economy can be opened, in the future, as and when cases stabilize and it will have a robust effect given
the stimulus provided," Vinod Nair, head of research at Geojit Financial Services, told TheIndianSubcontinent.COVID-19 cases in India are
decreasing after a peak in mid-September, with the world's second-worst affected country reporting a near three-month low of 46,790 new
infections in the last 24 hours."At the same time, along with the drop in mortality, the strength of domestic markets is supported by the
after credit ratings major S-P said the lender's asset quality will remain superior to the industry over the next two years despite likely
deterioration from the pandemic.Britannia Industries ended at a more than three--month low, after the fast-moving consumer goods company's
revenue in the July-September period missed analysts' estimates.
