Stock market gains today as investors sought more information on how governments and central banks would protect the global economy from the coronavirus fallout.
Nifty hits lower circuit today early morning amid global sell-off and World Health Organisation (WHO) on Thursday declared Coronavirus (Covid-19) pandemic, denting the investor sentiment further; trading halted for 45 mins
Circuit Breaker is the mechanism which is triggered when the price fluctuation moves beyond a threshold value stipulated by the stock exchange
Stock market hit circuit breaker on Friday as markets continued to witness panic selling amid fears pandemic Coronavirus will derail economic growth. Trading was halted in the early trade as the benchmark index Nifty hit the 10 per cent lower circuit. Trading halted for 45 minutes, and resume at 10:05 am for pre-open
However, once the markets re-opened, the headline indices Sensex and Nifty shot up as much as 5,381 points and 1,604 points, respectively, from their early morning lows. Volitality index surged over 24 per cent during the session.
Markets ended an eventful and highly volatile session with significant gains on Friday after posting a record intra-day recovery as investors temporarily put aside worries over coronavirus spread and indulged in some bargain buying.
The rebound was led by index heavyweights like HDFC which ended 10 per cent higher and State Bank of India whichi zoomed 14 per cent. Reliance Industries was also up over 5 per cent. In the end, 27 out of the 30 Sensex constituents ended the session in green
How global market helped indian market to recover ??
Here is the list of reasons which helped global market and indian market to recover
After the worst daily selloff in more than three decades on Wall Street, airlines, cruise liners and energy stocks were set to recover ground on optimism that U.S. Democrats and Republicans could announce a stimulus package by Friday
In addition to the Federal Reserve’s announcement of a $1.5 trillion liquidity injection late Thursday, the Chinese, Australian, Indonesian, Swedish and Norwegian central banks all announced further measures to stabilize local financial markets on Friday
Policy easing by central banks in Asia lifted equities and bond yields in early trading on Friday
“If you want to get money into the hands of people quickly & efficiently, let them have the full money that they earned, APPROVE A PAYROLL TAX CUT until the end of the year, December 31,” Trump said. “Then you are doing something that is really meaningful. Only that will make a big difference!”
Trump had pushed back earlier in the week against Democrat proposals for expanded sick pay and unemployment benefits to be included in the package.
U.S. crude oil prices rebounded 4.2% but were off intraday highs after newswires reported Russian energy minister Alexander Novak as downplaying the chance of a new “OPEC+” deal to restrain output in the near term
European stock markets surged after Germany's finance minister announced the government would announce an 'unlimited' credit facility to help companies struggling with short-term cash flow problems due to the coronavirus outbreak.
The European Union prepared to suspend government spending rules, and regulators in Italy and Spain banned short-selling on some stocks. China’s central bank said it would pump in $79 billion to bolster the economy.
All these reasons helped market to recover ...
Nifty hits lower circuit today early morning amid global sell-off and World Health Organisation (WHO) on Thursday declared Coronavirus (Covid-19) pandemic, denting the investor sentiment further; trading halted for 45 mins
Circuit Breaker is the mechanism which is triggered when the price fluctuation moves beyond a threshold value stipulated by the stock exchange
Stock market hit circuit breaker on Friday as markets continued to witness panic selling amid fears pandemic Coronavirus will derail economic growth. Trading was halted in the early trade as the benchmark index Nifty hit the 10 per cent lower circuit. Trading halted for 45 minutes, and resume at 10:05 am for pre-open
However, once the markets re-opened, the headline indices Sensex and Nifty shot up as much as 5,381 points and 1,604 points, respectively, from their early morning lows. Volitality index surged over 24 per cent during the session.
Markets ended an eventful and highly volatile session with significant gains on Friday after posting a record intra-day recovery as investors temporarily put aside worries over coronavirus spread and indulged in some bargain buying.
The rebound was led by index heavyweights like HDFC which ended 10 per cent higher and State Bank of India whichi zoomed 14 per cent. Reliance Industries was also up over 5 per cent. In the end, 27 out of the 30 Sensex constituents ended the session in green
How global market helped indian market to recover ??
Here is the list of reasons which helped global market and indian market to recover
After the worst daily selloff in more than three decades on Wall Street, airlines, cruise liners and energy stocks were set to recover ground on optimism that U.S. Democrats and Republicans could announce a stimulus package by Friday
In addition to the Federal Reserve’s announcement of a $1.5 trillion liquidity injection late Thursday, the Chinese, Australian, Indonesian, Swedish and Norwegian central banks all announced further measures to stabilize local financial markets on Friday
Policy easing by central banks in Asia lifted equities and bond yields in early trading on Friday
“If you want to get money into the hands of people quickly & efficiently, let them have the full money that they earned, APPROVE A PAYROLL TAX CUT until the end of the year, December 31,” Trump said. “Then you are doing something that is really meaningful. Only that will make a big difference!”
Trump had pushed back earlier in the week against Democrat proposals for expanded sick pay and unemployment benefits to be included in the package.
U.S. crude oil prices rebounded 4.2% but were off intraday highs after newswires reported Russian energy minister Alexander Novak as downplaying the chance of a new “OPEC+” deal to restrain output in the near term
European stock markets surged after Germany's finance minister announced the government would announce an 'unlimited' credit facility to help companies struggling with short-term cash flow problems due to the coronavirus outbreak.
The European Union prepared to suspend government spending rules, and regulators in Italy and Spain banned short-selling on some stocks. China’s central bank said it would pump in $79 billion to bolster the economy.
All these reasons helped market to recover ...