The Nifty saw a smart close for 2nd day running gaining over 270 points to record its best day in nearly a month.
There was all-round buying by both foreign & local funds coupled with retail participation in mid-caps which saw the high beta Bank Nifty lead the gainers. Private banks, financial services & metals were the big gainers while pharma & IT stocks saw profit booking.
US Market: US markets start the New Year with a bang as Dow Jones closes at all-time highs with Nasdaq closing higher by 187 points while Russell 2000 index also jumps over 1.08%.
Bond yields rise to close at 4-month highs near 1.62% as risk-on trade sees the higher cost of funds.
Asian Market: Asian markets opened in the green led by the Japanese 'Nikkei' which reopened for trading after 3 days of holiday & was trading higher by over 400 points in early trade.
The Taiwan stock index continues to be Asia's best as it hits fresh new all-time highs with hardware manufacturing in the best space coupled with a very strong demand for chips.
Chinese stocks will also be in action as data suggests strong demand for commodities as demand returns to pre Covid levels.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.