3 Reasons Why Nifty, BSE Sensex Surged Despite Mixed Global Cues

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3 Reasons Why Nifty, BSE Sensex Surged Despite Mixed Global Cues

By Aditya Raghunath

Investing.com -- Indian markets surged despite mixed global cues. Nifty closed up 2.33% at 14845 while the BSE Sensex gained 2.3% to close at 50,136. Stocks that gained the most today were UPL Ltd (NS: UPLL ) (7.59%), JSW Steel Ltd (NS: JSTL ) (4.92%), Shree Cements Ltd. (NS: SHCM ) (4.92%), Tata Steel Ltd (NS: TISC ) (4.26%) and Wipro Ltd (NS: WIPR ) (3.91%).

  1. Good US data: Treasury yield are up over 1.7% the highest they have been in 14 months but this is because markets are selling bonds on expectations of stronger growth. On Monday, the US declared that individuals aged 30 and over can get vaccinated. This has led to expectations that the economic rebound will be much swifter than expected. Dow Jones 30 Futures are trading up 0.21% while S&P 500 Futures and Nasdaq 100 Futures are down 0.09% and 0.75% respectively. Stocks in Europe have opened higher on the back of US President Jo Biden’s infrastructure plan. FTSE 100 , CAC 40 and DAX are up 0.16%, 0.59% and 0.65% respectively.
  2. Strong Q4 expectations in India: Companies will soon start releasing their Q4 data for FY22 and markets are expecting good results. COVID-19 cases are rising but the strong momentum of the vaccination drive continues to give hope to the markets.
  3. Short market week: The market is operational for just three days this week. Expect a lot of volatility in the market. Experts say that there will be periods of profit booking but the bullish sentiment is very strong as of now. The contagion from the Archegos Capital debacle is not expected to hit India.

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  • the rock @the rock
    but what i knew was that rising US treasury yields have a negative impact on stock markets...Can anybody please clarify?
    Like 0
  • Lokesh Kumar @Lokesh Kumar
    These articles were ****confusing and contradictory. Fooling every2
    Like 3
  • Ganapati Bhat @Ganapati Bhat
    Today it is basically year end buying by fund managers. Rupee weakened.FIIs most probably have sold.
    Like 8
  • Swarup Ghosh @Swarup Ghosh
    Very poorly written atricle, no real substance
    Like 7
  • Mohammed Abrar @Mohammed Abrar
    Today's all about year ending buying.. And hope everyone's is in profit, but still I'm on bearish..
    Like 4
  • Sireesh Sireesh @Sireesh Sireesh
    lol what a *******
    Like 0
  • Shivam Gupta @Shivam Gupta
    Most bs story by the writer. Yield is rising because of bond sell off ? If bond purchasers are getting 1.7% annual growth then why would they put money in more risky assets aka stock market ( s&p has given less then 1.5% overall return historically). Rising bond was never good for stock market.
    Like 3
    • RANJANA PANWAR @RANJANA PANWAR
      it was bond yield and covid that blemed for each fall and they are credited for uptrend wow good joke
      Like 1

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  • Abhishek Bal @Abhishek Bal
    Fake it till you make it. Bullshit analysis. These wannabes just want to be remain in limelight at any cost !
    Like 0
  • SANTOSH HANCHANALE @SANTOSH HANCHANALE
    banknifty target tommorow
    Like 0
  • Anand Jothi @Anand Jothi
    tax saving investments
    Like 0
  • Anand Jothi @Anand Jothi
    tax saving investments
    Like 0
  • Varun Balla @Varun Balla
    is it a dead cat bounce
    Like 2
  • Ajit Pardeshi @Ajit Pardeshi
    Last time the yields rose to 1.7 a few days back, you attributed the selloff in Nifty to traders moving to risk off assets. Today, at the same level of 1.7, we are saying markets like that yields are up and that there is no inverse relationship. It is confusing for thr investor what to make of bond yields, do you think?
    Like 13

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