Market LIVE: Indian equities seen firm; Asian stocks at 7-month highs

19 Aug 2020, 08:31:11 AM IST

Market at shut on Tuesday

Equity benchmarks marched larger for the second straight day on Tuesday following strong shopping for in market heavyweights Reliance Industries, HDFC Bank and ICICI Bank amid a blended pattern in abroad bourses.

The 30-share BSE Sensex, which opened on a agency footing, gained additional momentum in late-afternoon commerce to complete at 38,528.32, up 477.54 factors or 1.26%.

Similarly, the broader NSE Nifty surged 138.25 factors or 1.23%to finish at 11,385.35.

This was the best closing for each the indices in over 5 months.

19 Aug 2020, 08:27:58 AM IST

Asian stocks at 7-month highs

Asian shares climbed to a seven-month peak on Wednesday monitoring the S&P 500, which scaled all-time highs pushed by ever increasing coverage stimulus aimed at cushioning the blow to economies from the coronavirus pandemic.

MSCI’s broadest index of Asia-Pacific shares exterior of Japan rose 0.3%, up for a 3rd straight day to 570.80 factors, a degree not seen since late January.

The positive factors had been pushed by Australian shares, up 0.8% and South Korea, which added 0.6%. Japan’s Nikkei nudged up too and Singapore’s SGX Nifty superior 0.2%.

19 Aug 2020, 08:27:58 AM IST

S&P 500 closes at report excessive

The S&P 500 closed at a report excessive on Tuesday, rebounding from large losses triggered by the coronavirus pandemic and crowning one of the vital dramatic recoveries within the index’s historical past.

The Dow Jones Industrial Average fell 66.84 factors, or 0.24%, to 27,778.07, the S&P 500 gained 7.79 factors, or 0.23%, to three,389.78 and the Nasdaq Composite added 81.12 factors, or 0.73%, to 11,210.84.