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    Thursday, January 21, 2021

    Joe Biden's triumph shows impact worldwide, Sensex for the first time over 50,000

    The optimistic influence of the victory of the new President Joe Biden on the domestic stock exchange on 20 January can be seen. The prospect of a stimulus package in the United States has strengthen global financial prices, affecting the domestic market. Likewise in India, the fourth trading day of the week, i.e. On Thursday, the domestic stock market opened at the highest pace. The Bombay Stock Exchange flagship index Sensex won 223.17 points (0.45 per cent) to start at 50.015.29. At the same time, Nifty, the National Stock Exchange, opened with an increase of 63 marks, or 0.43%, at 14,707.70.

     

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    This is the first time that Sensex has reached the 50,000 mark. Otherwise, the effects of other figures, including energy usage, PMI and GDP, were also observed. The coronavirus epidemic is widely criticized in India. Kudos to the continuing positive vaccine news in the area, the market seemed to have been booming. In the past week, the 30-share BSE Sensex gained 252.16 or 0.51%. The Nifty National Exchange climbed 86.45 points or 0.60%.  Today, the gain can be seen in 1,034 shares where there has been a decrease in only 267 share, without changes in 68 shares. Like a few market analysts, it is now time for investors to be careful too as the time budget is not as anticipated, as markets seem to fluctuate and inevitably leads to fears of investments far before the Union budget.

    Talking of the heavyweights, all the shares excluding Nestle India, M&M, TCS and HDFC opened on a green mark during today's initial trade. T Bajaj Finance, Bajaj Finserv, Reliance, Bajaj Auto, Asian Paints, HCL Tech, Tech Mahindra, IndusInd Bank, Maruti, Axis Bank, Sun Pharma, ONGC, Infosys, NTPC and Titan are amongst the leading stocks today. 

    On Wednesday, after a day of fluctuations, the stock exchange closed on the green. With a decent gain of 393.83 points, or 0.80 per cent, Sensex closed the 49792.12 mark. The Nifty closed with a rise of 123.55 points in 14644.70. (0.85 per cent of it). This is the highest Sensex-Nifty level.

    The economic situation of the world has now started to change. A spectacular spike in overseas markets was really the swearing-in of new president Joe Biden in the United States. Korea's Kospi index traded 0.92% on Thursday and Hong Kong's Hang Seng index was 0.18% higher on Thursday. The Shanghai index of China has also increased by one percent and the Nikkei index of Japan has been increased by 0.90 percent. Similarly, the Nasdaq index closed in the Americas by 1.97% and the S&P 500 index by 1.39%. 


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    Item Reviewed: Joe Biden's triumph shows impact worldwide, Sensex for the first time over 50,000 Rating: 5 Reviewed By: ECAS India
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