It was a volatile day for Indian equities, as markets swung wildly to geopolitical news. After a strong opening, the markets slipped into the red as border tensions between India and China fuelled worries. However, the benchmark indices ended the day in the green as global cues remained positive after the US Federal Reserve stated that it would buy corporate bonds directly under its secondary market corporate credit facility. The benchmark Sensex was up by 376.42 points, or 1.13%, to close at 33,605.22. The broader Nifty50 was also up by 100.3 points, or 1.02%, to close at 9914.
Global markets, which had fallen in the previous trading session as a result of rising Covid-19 cases, were up on Tuesday after the US market swung and made gains during Monday’s trading session. The move came after the US Federal Reserve announced that it would buy corporate bonds directly under its secondary market corporate credit facility (SMCCF) instead of just ETFs.
Nifty50 closed higher at 9914 level, 100.30 points, or +1.02 per cent on Tuesday. Today Nifty Support : 9800 and 9700 Resistance : 10000 and 10100.
