Sensex advanced 514.34 points or 0.88% to end at 59,005.27, while Nifty closed at 17,562.00, up 165.10 points 0.95%
Sensex jumped 772.73 points from day's low to end at 59,005.27, up 514.34 points or 0.88% from its previous close
Evergrande’s debt crisis has the potential to severely weaken global steel demand and induce a sharp correction in steel prices.
A credit event for Evergrande seems unavoidable, spillover into other markets depends on whether Evergrande restructures or fully liquidates.
The new change in the trade cycle, like most changes, will bring in some benefits and some challenges to face.
HCL Tech, Infosys, HUL, ITC, Bharti Airtel and TCS were the top gainers on the Sensex. Maruti, Bajaj Finserv, Axis Bank, Nestle were the laggards.
The overall market breadth was negative as 2,332 stocks declined on the BSE, while 1,041 advanced and 134 remained unchanged.
At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 244.52 points or 0.41% at 58,771.37.
The constitution of a ‘Bad Bank’ in our view is a positive development as the focus remains on the faster resolution of stressed assets
Experts share insights on whether the markets will sustain the rally beyond the new highs or will they head for correction.