• Home
  • Tourist Place
  • Tourist Hotels
  • Mumbai Temples
  • Mumbai Food
  • Mumbai News
  • Shop
No Result
View All Result
Mumbaj
  • Home
  • Tourist Place
  • Tourist Hotels
  • Mumbai Temples
  • Mumbai Food
  • Mumbai News
  • Shop
No Result
View All Result
Mumbaj
No Result
View All Result
Home Mumbai News

Covid vaccine approval brings relief, Sensex bounces back 1.38%

Covid vaccine approval brings relief, Sensex bounces back 1.38%
Share on FacebookShare on Twitter



After the sell-off on Monday, stock markets on Tuesday pulled back partially on short-covering and firm Asian markets. Despite weak macro numbers, the benchmark Sensex, which plunged 1,708 points on Monday, bounced back by 661 points, or 1.38 per cent, to 48,544.06 and the Nifty50 gained 194 points, or 1.36 per cent, to 14,504.80 on buying support.

Among sectors, the losers of the previous day — PSU banks, auto, metals, realty and media — gained the most, while IT and pharma lost the most. The India Volatility Index (VIX) fell 11 per cent to end at 20.46.

The sentiment got a boost following reports about the fast-tracked emergency approvals for foreign-produced Covid-19 vaccines. Reports about a fall in incremental Covid cases and higher recoveries further stabilised the sentiment. However, analysts expect volatility to continue until there is clarity over the lockdown situation and vaccine availability.

The sharp recovery certainly seems enticing, but still we advise not to get carried away as we may not be out of the woods,” he said. “Markets attempted to pull back from yesterday’s selloff, but it wasn’t that enthusiastic. IT sector broke the trend due to profit booking as initial Q4 results were in line with expectations not providing enough leeway to a highly valued sector,” said Vinod Nair, head of research at Geojit Financial Services.

The S&P 500 hit a record high on Tuesday and the Nasdaq jumped as investors flocked to technology-related stocks after the United States’ pause in the rollout of Johnson & Johnson’s Covid vaccine sparked fears of a delay in a broader economic rebound, as per a Reuters report.

At 11:56 a.m. EDT the Dow Jones Industrial Average fell 120.21 points, or 0.36 per cent , to 33,625.19, the S&P 500 gained 4.79 points, or 0.12 per cent, to 4,132.78.

Oil prices rose about 1 per cent on Tuesday on strong Chinese import data, but the rally was capped by concerns over J&J vaccine.




Source link

Next Post
Maharashtra curfew: Temples, schools, malls, parks to stay shut | Mumbai News

Maharashtra curfew: Temples, schools, malls, parks to stay shut | Mumbai News

  • Trending
  • Comments
  • Latest
Mumbai Electricity Cut Today Latest News, Thane, Panvel Power Cut Off News Update

Mumbai Electricity Cut Today Latest News, Thane, Panvel Power Cut Off News Update

October 12, 2020
Actor Arya & Actress Sayyeshaa Marriage Function

Actor Arya & Actress Sayyeshaa Marriage Function

February 12, 2021
How to Draw an Indian Temple: One Point Perspective

How to Draw an Indian Temple: One Point Perspective

March 4, 2021
Shakti Mohan Finally Accepts Raghav Juyal As Her BF In A Funny Way On Dance Plus Season 4

Shakti Mohan Finally Accepts Raghav Juyal As Her BF In A Funny Way On Dance Plus Season 4

December 25, 2020

Why the 2017 F1 rule changes will not level the playing field

0

Burnley v Lincoln City Betting: Clarets set for more cup joy on home soil

0

Orlando City provides Jason Kreis a chance at redemption – will he take it?

0

Why F1 must fight to restore the Nürburgring to the calendar

0
Mumbai records three times worse air quality than Delhi | Mumbai News

Mumbai records three times worse air quality than Delhi | Mumbai News

February 1, 2023
Four killed as car collides with bus on Mumbai-Ahmedabad highway | Thane News

Four killed as car collides with bus on Mumbai-Ahmedabad highway | Thane News

January 31, 2023
Mumbai: Fire breaks out in flat on 6th floor of Sion Koliwada high-rise | Mumbai News

Mumbai: Fire breaks out in flat on 6th floor of Sion Koliwada high-rise | Mumbai News

January 30, 2023
PM Narendra Modi likely to flag off two Vande Bharat Express trains from Mumbai on February 10 | Mumbai News

PM Narendra Modi likely to flag off two Vande Bharat Express trains from Mumbai on February 10 | Mumbai News

January 29, 2023

Recommended

Mumbai records three times worse air quality than Delhi | Mumbai News

Mumbai records three times worse air quality than Delhi | Mumbai News

February 1, 2023
Four killed as car collides with bus on Mumbai-Ahmedabad highway | Thane News

Four killed as car collides with bus on Mumbai-Ahmedabad highway | Thane News

January 31, 2023
Mumbai: Fire breaks out in flat on 6th floor of Sion Koliwada high-rise | Mumbai News

Mumbai: Fire breaks out in flat on 6th floor of Sion Koliwada high-rise | Mumbai News

January 30, 2023
PM Narendra Modi likely to flag off two Vande Bharat Express trains from Mumbai on February 10 | Mumbai News

PM Narendra Modi likely to flag off two Vande Bharat Express trains from Mumbai on February 10 | Mumbai News

January 29, 2023

Recent

Mumbai records three times worse air quality than Delhi | Mumbai News

Mumbai records three times worse air quality than Delhi | Mumbai News

February 1, 2023

Popular

  • Mumbai records three times worse air quality than Delhi | Mumbai News

Quick Links

  • Home
  • Privacy Policy
  • Terms of Service

Categories

  • Mumbai Food
  • Mumbai News
  • Mumbai Temples
  • Mumbai Tourist Hotels
  • Mumbai Tourist Place

@ Copyright 2021 All Rights Reserved FOR SALE: This domain and website is for sale. Please call 360 256-1117 or email thewaymarketing88@gmail.com for all the details.

No Result
View All Result
  • Home
  • Tourist Place
  • Tourist Hotels
  • Mumbai Temples
  • Mumbai Food
  • Mumbai News
  • Shop

@ Copyright 2021 All Rights Reserved FOR SALE: This domain and website is for sale. Please call 360 256-1117 or email thewaymarketing88@gmail.com for all the details.