Equities rise on accelerated vaccination drive (Roundup)

    16

    Mumbai, April 15 | Accelerated vaccination drive, along with healthy Q4FY21 results, pushed India’s key benchmark equity indices higher on Thursday.

    However, volatility was observed as rising Covid cases capped any major recovery attempts.

    But a bout of late session buying spree pushed both the indices higher.

    Globally, Asian shares were mixed on Thursday, dragged down by Chinese stocks as recent upbeat economic data raised fears of monetary policy tightening, while the dollar index struggled near one-month lows.

    On the sectoral front, banks, pharma, metal and healthcare have shown some strength, while auto and IT sector were the top losers each shredding nearly 2 per cent.

    Consequently, Sensex ended the day’s trade at 48,803.68, higher by 259.62 points, or 0.53 per cent, from its previous close.

    The Nifty50 on the National Stock Exchange closed at 14,581.45, up 76.65 points or 0.53 per cent from its previous close.

    “Indian equity benchmark indices extended their rebound on April 15 even as investors remained nervous as a few states initiated stricter curbs amid a record-breaking Covid-19 second wave,” said Deepak Jasani, Head of Retail Research at HDFC Securities.

    “Nifty, after opening lower, came into positive territory for the day in the last hour of trade. At close, the Nifty 50 Index rose 0.53 per cent or 76.7 points to 14,581.5.”

    Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services, said: “Equity markets witnessed huge volatility in the first half with a negative bias but saw swift recovery in the second half of the day to close near days’ high.”

    “Rising coronavirus infections in the country continues to worry the market, though a rapid rollout of vaccines somewhat allayed the concerns.”

    Vinod Nair, Head of Research at Geojit Financial Services, said: “Market is becoming more cautious as states are increasing restrictions due to the havoc created by the virus. Growth-oriented sectors and stocks are losing momentum while defensives like pharma, FMCG and IT are gaining.”

    “However, states will not opt for a complete lockdown like last year, but high valuation will lead to a phase of short-term consolidation.”

    Source: IANS

    Next Story

    Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld)

    Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld)

    New Delhi, Dec 8 | Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld). A military chopper crashed in Tamil Nadu’s Coonoor on Wednesday in which Indian’s Chief of Defence Staff General Bipin Rawat was travelling along with others.

    The number of casualties are still unknown and local police has ascertained only three rescued and searches are on for others.

    Along with General Rawat, his wife Madhulika Rawat, Brigadier L.S. Lidder, Lieutenant Colonel Harjinder Singh, Naik Gursewak Singh, Naik Jitender Kumar, Naik Vivek Kumar, Naik B. Sai Teja, Havaldar Satpal and pilots were travelling in the chopper.

    Confirming about General Rawat presence, Indian Air Force tweeted, “An IAF Mi-17V5 helicopter, with CDS Gen Bipin Rawat on board, met with an accident today near Coonoor, Tamil Nadu.”

     K’taka sets target of 30 lakh Covid vaccination for one day

    The force said that an inquiry has been ordered to ascertain the cause of the accident.

    The rescued suffered serious injuries and have been taken to Wellington cantonment.

    Source: IANS

    Next Story

    Military chopper crashes in TN Gen Bipin Rawat on board (Ld)

    Military chopper crashes in TN Gen Bipin Rawat on board (Ld)

    New Delhi, Dec 8 | Military chopper crashes in TN Gen Bipin Rawat on board (Ld). A military chopper crashed in Tamil Nadu’s Coonoor on Wednesday in which Indian’s Chief of Defence Staff General Bipin Rawat was travelling along with 14 others.

    The number of casualties are still unknown and local police have ascertained only three rescued and searches are on for others.

    Emergency rescue teams have been rushed to the spot.

     Military chopper crashes in TN Gen Bipin Rawat on board (2nd Ld)

    Confirming about General Rawat’s presence, Indian Air Force said, “An IAF Mi-17V5 helicopter, with CDS Gen Bipin Rawat on board, met with an accident today near Coonoor, Tamil Nadu.”

    The force said that an inquiry has been ordered to ascertain the cause of the accident.

    The rescued suffered serious injuries and have been taken to Wellington cantonment.

    Source: IANS

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here