Market ahead: COVID-19 still plays a major role

Published On: Friday, April 17, 2020 | By: Team KnowMyStock

The equity benchmarks snapped the two-day losing streak in a volatile trade on Thursday,16th April mainly with the help gains in banking and metal counters. The market pared opening losses to turn positive, but tepid start to the earnings season, rising number of COVID-19 cases and grim economic outlook continued to worry investors. A much-awaited stimulus package, progress over curbing coronavirus spread, restarting of select industry, and the March quarter earnings will determine the direction of the market ahead according to analysts. Nifty snapped a two-day losing streak and formed a bullish candle on the daily chart. The index moved above its five-day moving average but made a lower high lower low formation for the day. Analysts expect the NSE barometer to continue with its ongoing consolidation near the 9,000 mark for the time being.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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