Benchmark indices scaled newer peaks on Tuesday with the Nifty ending the session above the 13,000 mark as traders purchased into a spread of shares amid rising hopes a Covid-19 vaccine would quickly be out there. Overseas traders have been huge patrons of Indian equities having picked up $7.4 billion in November, a document excessive. The sentiment in inventory markets the world over has been good on optimism concerning the vaccine.
The spectacular and better-than-expected company outcomes for Q2FY21 have prompted analysts to improve earnings estimates.
Strategists at Credit score Suisse wrote: “Q2 outcomes ought to dispel any remaining doubts on the weak hyperlinks between the economic system and the bigger listed shares”. They added even the small quantum of upgrades to FY21/22 consensus EPS is uncommon, and may rise additional as soon as databases are up to date.
source https://www.mcxfree.tips/booster-shot-markets-on-a-excessive-nifty-crosses-13000-amid-excessive-hopes-of-covid-19-vaccine-quickly/
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November 25, 2020 at 08:18AM
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