Stock market on the rise: What caused the Nifty, Sensex rebound today?
15 Articles
15 Articles
The General Index is in the 2,640-point range - Rally for Allwyn due to the potential "brake" on the ban on online betting in Brazil
Nifty rebounds after record 8-week rout, but is this a dead cat bounce investors should fear?
The Nifty rebounded around 1% on Monday after its longest weekly losing streak in 25 years, while the Sensex gained as much as 700 points. However, after an 8-week slide that erased about 8.7%, investors remain unsure whether the gains mark a durable bottom or merely a temporary relief rally before another leg lower.
The Stock Exchange recorded a marginal increase. As the jump of Allwyn and the banking stabilization offered limited support to the market. The General Index maintained a positive sign throughout the session. However, it completed trading almost at the low of the day, at 2,639.95 points, with gains of 0.13%. Intra-session it reached 2,657 points, but then lost most of the rise. Thus, the closing showed the restrained mood of buyers. At the same …
The Athens Stock Exchange recorded a slight increase of 0.13%, with the General Index at 2,639.95 points and turnover at 296 million euros. Allwyn, Metlen and Viohalco were the main players, while banks held the spotlight.
Amid positive signals from abroad, domestic stock markets returned to the bull run after four days on Monday and the key indices closed 0.6 percent higher.
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