Domestic stock markets opened to new highs throughout life, continuing the momentum seen over the past 12 trading sessions, as prospects of a possible victory against the coronavirus continued to solidify hopes for reprise.
At 9:18 a.m., the Sensex was at 49,697.18, a higher of 190.10 points, after opening the day at 49,7653.93, and the Nifty was at 16,425.15, up 65.55 points or 0.46%.
Markets were mixed in Asia, with Japan’s Nikkei 225 up 0.11%, Australia’s S & P / ASX 200 down 0.1% and South Korea’s KOSPI up 0 , 64% up.
Overnight, the Dow Jones Industrial Average rose 60 points, or 0.19%, to 31,068.69, the S&P 500 gained 1.58 points, or 0.04%, to 3,801.19 and the Nasdaq Composite added 36.00 points, or 0.28%, to 13,072.43.
Economically, retail inflation fell sharply to 4.59% in December, mainly due to falling food prices, according to data released Tuesday by the Department of Statistics and Implementation of the United Nations. after-hours programs. Retail inflation based on the Consumer Price Index (CPI) was 6.93% in November.
Food inflation fell to 3.41% in December in 2020, from 9.5% the previous month.
Meanwhile, the industrial production index (IIP) contracted 1.9% in November 2020. The country’s industrial production had increased 3.6% in October.
On the earnings front, Infosys, Wipro and CESC will be among the big companies to announce their numbers during the day.
On Tuesday, the BSE Sensex climbed 247.79 points to 49,517.11 and Nifty broke the 14,500 mark to close at 14,563.50, up 78.70 points.