Capital goods - Latest News Update, Information, Photos & Videos on Capital goods at Lokmat Times

Mumbai, Dec 22 Positive global cues along with bargain hunting supported India's key equity indices' up-move on Wednesday. However, rising Omicron cases as well as continuous outflows of foreign funds capped the gains.Globally, Asian share markets were broadly up as the risk appetite of global investors rose heading into year-end despite the surging number of Omicron Covid-19 variant cases around the world.In contrast, European markets were mixed, hovering around the flat-line with investors continuing to digest the risks associated with the Omicron Covid-19 variant heading into the year-end.On the domestic front, volumes were the lowest in 10 months.Amongst sectoral indices, Realty, Metals, Capital Goods, Auto and Telecom rose the most.Consequently, the S&P BSE Sensex traded at 56,930.56 points, up 1.09 per cent from its previous close.Similarly, the broader 50-scrip Nifty at the National Stock Exchange (NSE) rose to 16,955.45 points, up 1.10 per cent from its previous close."Nifty rose but has halted near the downgap resistance of 16,966," said Deepak Jasani, Head of Retail Research, HDFC Securities."In case this resistance is not crossed on December 23, then we could see Nifty correcting the latest rise before rising higher. Once this resistance is crossed, 17,192 could be the next resistance while 16,771-16,840 could be the support band in the near term."According to Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services: "The relief rally might continue for some time as the market enters a holiday mood.""However, volatility cannot be ruled out on account of potential risk from Omicron variant and fragile global cues."In addition, Vinod Nair, Head of Research at Geojit Financial Services said: "Domestic market is gaining ground amid a positive rebound in the global market. The rebound was broad-based while mid and small caps outperform as the bargain opportunity led investors to accumulate the beaten-down stocks.""The 'Omicron' concerns and FIIs' selling may keep investors in a cautious mode, it is a time for selective stock picking with a focus on defensive and growth-oriented sectors rather than rushing to the market."Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Capital Goods, NewsFOLLOW

Capital goods, Latest News

Business :There are signs cost pressures in manufacturing sector softening: FICCI survey

With growth expected to continue for the Indian manufacturing sector in Jan-March 2022-23, there are signs that cost pressure ... ...

Business :Manufacturing sector growth to sustain in months to come: FICCI survey

The growth momentum picked up by the manufacturing sector in the last few months is likely to be sustained ... ...

International :Global cues boost Indian equities; Sensex, Nifty settle over 1% each

Mumbai, Dec 22 Positive global cues along with bargain hunting supported India's key equity indices' up-move on Wednesday. ... ...