With the end of the earnings season, focus will shift back to economic recovery and market valuationsIndian share market benchmarks BSE Sensex and Nifty 50 ended over half a per cent higher on Friday. BSE Sensex finished 282 points or 0.65 per cent up at 43,882, while the broader Nifty 50 index ended up 87 points or 0.68 per cent at 12,859. Index heavyweights such as HDFC Bank, Kotak Mahindra Bank, Bajaj Finance, Bajaj Finsv and Bharti Airtel contributed the most to the indices’ gain in today’s session. The broader markets outperformed the equity benchmarks, with S&P BSE MidCap index ending 1.22 per cent or 199 points higher at 16,436.5. While S&P BSE SmallCap index gained 0.77 per cent or 123.5 points to settle at 16,182.55.
Sanjeev Zarbade, VP PCG Research, Kotak Securities
“Global markets were also buoyant on news of successful trials of Moderna’s Corona Vaccine. With the end of the earnings season, focus will shift back to economic recovery and market valuations. Risk to…
