Gold and Silver Updates


Welcome to ETMarkets Watch, the present about shares, market traits and money-making concepts. I’m Nikhil Agarwal and listed below are the highest headlines at this hour.

Sensex, Nifty finish greater for sixth day led by auto and metals
Serum’s probabilities for Covishield nod rise after UK regulator approves Oxford COVID-19 vaccine
Bitcoin hits new report, set for greatest month-to-month acquire since 2019
India eyes asset gross sales to partially fund greater spending subsequent 12 months
Cement shares rally as much as 20% on heavy volumes

Allow us to take a fast look at what occurred on the Dalal Avenue at the moment.

Benchmark fairness indices Sensex and Nifty prolonged their good points for the sixth straight session on Wednesday, led by good points in Bajaj Finance, HDFC Financial institution, Kotak Mahindra Financial institution and UltraTech Cement.

The 30-pack index traded in a spread throughout the session, earlier than hitting a report excessive of 47,807.85 in late commerce. It will definitely closed at 47,746, up 133 factors.

The broader NSE Nifty ended shy of 14,000 degree, which is seen as an important resistance degree for the index.

Auto shares Maruti and M&M gained 2 per cent every forward of December gross sales figures later within the week. Kansai Nerolac surged 8.9 per cent. SAIL jumped 7.7 per cent. India Cement soared 20 per cent whereas Star Cement rallied 14 per cent.

Because the market hit one other report excessive, lots of traders are ready on the sidelines for a wholesome correction. Will they get one? We caught up with AK Prabhakar of IDBI Capital to know why there’s a market frenzy of late.

Welcome to the present, Mr Prabhakar
1) Benchmark indices have fallen solely on three events in December. Do you assume such a rally is unhealthy?

2) Why have been cement shares within the limelight at the moment? Do you see an additional rally on this pocket?

3) What’s your view on metals and vitality shares?

Technically, the index fashioned an indecisive candle that resembled a Dragonfly Doji on the day by day chart. We spoke to Amit Trivedi of YES Securities, to decode the day by day charts.

Welcome to the present Mr Trivedi.

1) Nifty is ruling at report highs ranges. What are the technical indicators suggesting?

2) The place is Financial institution Nifty headed? Can we count on a halt in momentum now?

Globally, different Asian markets ended combined, whereas European markets have been buying and selling greater in early commerce. US inventory futures have been up 0.3 per cent.

That’s all for now. Do take a look at for all of the information, market evaluation, funding methods and dozens of inventory suggestions. Get pleasure from your night. Bye Bye!


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