Indian share market started the second week of the year on a positive note with the BSE Sensex reclaiming 60,000 level and the Nifty50 ending above the 18,000 mark.
The BSE Sensex and the NSE Nifty are expected to open higher on Monday as trends on SGX Nifty indicate a gap-up opening for the Indian share market.
Going by earnings and cash flow growth of Nifty companies, one can see that 17,000-18,000 today is cheaper than 12,500 of February 2020.
The BSE Sensex and the NSE Nifty resumed their gaining streak after a day’s fall in the previous session led by index heavyweights RIL, TCS, and ICICI Bank.
The BSE Sensex and the NSE Nifty are expected to open higher on Friday, tracking firm cues from Asian peers.
Market is expecting a stellar performance from financial and information technology sectors that hold 37.5% and 18% weightage, respectively.
The BSE Sensex and the NSE Nifty ended 1% lower amid global sell-off as U.S. interest rate hike fears spooked investor sentiments.
The BSE Sensex and the NSE Nifty are expected to open lower on Thursday amid weak cues from global markets as well as spike in Covid-19 cases across the country.
Key risks include drop in liquidity due to hawkish monetary policy, rise in inflation and yield, weakness in economy and rise in geopolitical issues.
The BSE Sensex and the NSE Nifty continued their winning streak for the fourth straight session on Wednesday, led by financial and banking stocks.
