It has been another good start for the Indian stock markets on Thursday as both the benchmark indices rise in the opening hour. The BSE Sensex rose by 290 points. Nifty 50 is also up by 1.06%. Pharmaceutical stock Glenmark Industries stole the spotlight with its research for vaccine development to fight the Coronavirus.
Let’s take a look at how the sectors performed
- The best performing sector in the Nifty is Nifty Media. Under the current lockdown restrictions, people are consuming content at humongous levels. Broadcasting companies are currently in their golden phase.
- The other top-performing sector currently is Nifty Metal. In the BSE Sensex, the best performing is the metal sector.
The most active stocks in the equities segment are:
- Reliance Industries continues to be the most active in the equity segment after Facebook announced acquiring a 9.99% stake in Reliance Jio media platforms.
- FMCG giant Britannia Industries, which will announce its quarterly results today, is up by 5% currently.
Here’s a look at how Bitcoin BTCUSD performed
After US President Donald’s threat against Iran, Crude oil prices bounced back. Following this, Bitcoin, Ethereum, Ripple, and other cryptocurrencies bounced back as well.
The day’s range for BTC, so far, is $7,102.62 — $7,193.13. By managing to stay above the $7,100 mark, Bitcoin has undoubtedly made its investors jump in joy. With the US equity markets opening later, Bitcoin investors will keep a close watch on the performance of Wall Street.
Here’s the hourly chart for BTCUSD
The chart shows a steady increase in BTCUSD. The expectation among investors will e for Bitcoin to cross the $7,200 mark today and stay above that region. Check BTCUSD Chart on Tradingview.
New developments related to the crude oil crisis might unfold later in the day. That is bound to impact other economies as well as for cryptocurrencies.
