Morning update for 4 December 2020
Indices at 10:30 am
Nifty50 13,230 ▲+96 (+0.73%)
Sensex 44,965 ▲+332 (+0.75%)
Nifty Bank 29,888 ▲+439 (+1.49%)
In the news
RBI keeps rates unchanged
- As expected, the RBI has maintained its accommodative stance and kept interest rates unchanged at 4%. This comes amid a recovering economy and rising inflation.
- The markets gave a thumbs up and the Nifty rose higher post the RBI’s decision.
Bharti adds more users than Jio in September
- For the first time in four years, Bharti Airtel added more new mobile subscribers than Reliance Jio, in September.
- Bharti Airtel’s net addition was 3.77 million new customers, while Reliance Jio added 1.46 million. Meanwhile, Vodafone Idea lost a massive 4.65 million subscribers during September, indicating customer churn.
- Since October 1, shares of Bharti Airtel have gained ~14%.
Dow rises and Nasdaq hits record high
- Lower-than-expected initial jobless claims and a rise in the Services PMI indicated that economic recovery is on track, which helped the US indices to scale higher.
- The US dollar index extended its losing streak as talks of fresh fiscal support resumed in the US.
- The tech-heavy Nasdaq index a hit record high. For 2020, it has gained ~38% and reached its highest level since 2013.
The Burger King IPO closes today. You can apply for the IPO with Upstox here!
Sectoral indices
Top gainers Top losers Nifty Media
▲+1.97% Nifty Pharma
▼-0.23% Nifty Auto
▲+1.47% Nifty IT
▼-0.21%
Global markets
Nikkei 225 (Japan) ▼-0.32% Hang Seng (Hong Kong) ▼-0.16% SSE Composite (China) ▼-0.35% Dow Jones (US) ▲ +0.29%
Fact of the day
Research shows that on average women smile 62 times a day and men only smile 8 times a day. And children, 400 times!
Source: Medicalartsdental.com
Indices at 10:30 am
Nifty50 13,230 ▲+96 (+0.73%)
Sensex 44,965 ▲+332 (+0.75%)
Nifty Bank 29,888 ▲+439 (+1.49%)
In the news
RBI keeps rates unchanged
- As expected, the RBI has maintained its accommodative stance and kept interest rates unchanged at 4%. This comes amid a recovering economy and rising inflation.
- The markets gave a thumbs up and the Nifty rose higher post the RBI’s decision.
Bharti adds more users than Jio in September
- For the first time in four years, Bharti Airtel added more new mobile subscribers than Reliance Jio, in September.
- Bharti Airtel’s net addition was 3.77 million new customers, while Reliance Jio added 1.46 million. Meanwhile, Vodafone Idea lost a massive 4.65 million subscribers during September, indicating customer churn.
- Since October 1, shares of Bharti Airtel have gained ~14%.
Dow rises and Nasdaq hits record high
- Lower-than-expected initial jobless claims and a rise in the Services PMI indicated that economic recovery is on track, which helped the US indices to scale higher.
- The US dollar index extended its losing streak as talks of fresh fiscal support resumed in the US.
- The tech-heavy Nasdaq index a hit record high. For 2020, it has gained ~38% and reached its highest level since 2013.
The Burger King IPO closes today. You can apply for the IPO with Upstox here!
Sectoral indices
| Top gainers | Top losers |
| Nifty Media ▲+1.97% | Nifty Pharma ▼-0.23% |
| Nifty Auto ▲+1.47% | Nifty IT ▼-0.21% |
Global markets
| Nikkei 225 (Japan) | ▼-0.32% |
| Hang Seng (Hong Kong) | ▼-0.16% |
| SSE Composite (China) | ▼-0.35% |
| Dow Jones (US) | ▲ +0.29% |
Fact of the day
Research shows that on average women smile 62 times a day and men only smile 8 times a day. And children, 400 times!
Source: Medicalartsdental.com
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