Improvement Will Be Slowed By Lockdown Again: Nomura
Improvement will be slowed by lockdown again: Nomura
Japan’s brokerage company Nomura said on Monday that the re-lockdown in Gujarat, Delhi, Madhya Pradesh, Gujarat, Haryana and Himachal Pradesh may slow the pace of economic recovery.
According to Nomura, this will continue to be a worrying scenario for the resumption of market activity.
Nomura has prepared an index to measure the improvement in market activity after the epidemic.
Nomura said the index gained a slight lead in the week ended 22 November. But it is still below the level before the Corona epidemic.
The index has seen a sharp improvement in Apple’s condition which has finally reached pre-Corona levels. At the same time Google continues to improve.
However, in many states, local lockdowns are being done due to increasing cases of Covid-19. There is concern among analysts about this.
Nomura warned that ‘lockdowns could reduce the pace of gradual recovery in the next two to three months’.
Stock Market Today: Market opens on green mark; Sensex rises 274 points; Nifty crosses 13000 for the first time.
Today, on the second trading day of the week i.e. Tuesday, the stock market opened on the green mark. The Bombay Stock Exchange’s major index Sensex opened at 44351.82, up 274.67 points.
At the same time, the National Stock Exchange Nifty started with a gain of 83.50 points at 13010. The Nifty has crossed the 13000 mark for the first time.
The stock market had closed higher on the previous trading day on positive global cues. The Sensex was up 194.90 points to close at the level of 44077.15.
The Nifty closed at the level of 12926.45 with a gain of 67.40 points.
Major stocks of today include Maruti, Divis Lab, HDFC Bank, Axis Bank and Hindalco.
At the same time, shares of Hero MotoCorp, Bajaj Auto, Kotak Bank, Hindustan Unilever, and Nestle India opened on the red mark.
Talking about sectoral index, all sectors opened on green mark today.
These include finance services, banks, private banks, realty, IT, auto, pharma, FMCG, PSU banks, metals and media.
The stock market opened on the green mark on Monday. The Sensex opened up 350.09 points at 44232.34 and the Nifty started with a gain of 95 points at 12954.
