BSE and NSE are going to be remained closed this Wednesday because of the Ramnavmi festival, it has already been a massive turnoff for the stock market in the previous session, even the world’s biggest tycoons Adani and Ambani lost around 7 billion last week in the stock market but it seems like that stock market is regaining the lost momentum this week.
If we talk about the BSE Sensex, it has gained momentum back in the late afternoon, it is close to 660.68 points and is catching pace gradually and also NSE Nifty has grabbed up a total of 194 points which make us believe that the fiasco that took place last week is going to be recovered if the things keep on going the way it is going right now.
The top gainer in the Sensex bracket is M&M as it is already rallying 8.02% which is being followed up by Bajaj Finance, Maruti, Induslnd Bank, ICICI Bank, ONGC, and Axis Bank. When you talk about the global equity market, it has risen up to have a better record which was pretty high on Wednesday. When you talk about the Asia Pacific region Wall Street is on a roll and is aiming for higher ground, Hang Seng is seeing gains, on the other hand.
U.S. Treasury has continued to go on a decline at the start of the week and it seems like it is going to be like this for them as this is the consecutive 3rd week of them being on a low, Nikkei also seems to be falling with a rate of 0.4%, when you talk about the MSCI, they seem to be gaining outside Japan having a rate of 0.6%, Hang Seng is also in the race with a gaining rate of 1.3% and when you talk about China, the blue-chip index seems to be doing great as it also on a leap of 0.7% as it has been claimed by one the reports of Reuters.
After the terrible last week which has been terrible for the most part, this week is showing some decent potential and it seems like the situation will get stable in the coming weeks, last week has been really devastating and we hope that situation gets better as the economy of many countries is already struggling due to the going on the pandemic.