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Equities settle positive on firm earning prospects, return of FPIs in January
TIWN
TIWN
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New Delhi, Jan 10 (TIWN) Expecting a healthy Q3FY22 earnings for companies, Indian equities traded in the green and settled positive on Monday.
Accordingly, the Sensex and Nifty settled at 60,395 points and 18,003 points, up 1.09 per cent and 1.07 per cent from their previous close, respectively. “Amid weak global markets and rising Covid cases, the domestic market displayed strong momentum on expectations of a healthy start to the earnings season. PSU Banks led the sectorial rally as reports suggested an increase in FPI limits while the realty sector followed the trend on robust sales numbers and expectations of support measures in the upcoming budget,” said Vinod Nair, Head Of Research at Geojit Financial Services.
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