Live: Sensex, Nifty Off Day’s Low; SBI Cards At Record High
A pedestrian walks past the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Live: Sensex, Nifty Off Day’s Low; SBI Cards At Record High

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Current Market Update

Buzzing Stock: SBI Cards & Payment Services

  • Trading at a record high
  • Gains as much as 4.2% to Rs 892.5
  • Biggest single-day gain in three months
  • Up for the second straight day
  • Has gained in five out of the last six trading sessions
  • Today's volumes are seven times its 20-day average
  • Stock heading towards overbought territory with Relative Strength Index (RSI) at 69
  • Has recovered 80% from its 52-week low of Rs 495 on May 22, 2020
  • All seven analysts tracking the stock have a buy recommendation
  • Return potential of the stock as per Bloomberg data is 5%

European Markets Open Flat

Benchmark indices in Europe have opened flat but with a negative bias as factors including U.K. lockdown risks, lack of progress in Brexit talks and the stimulus deadlock keeps sentiment in check.

The Stoxx 600 opened 0.1% lower with Insurance and travel stocks leading the decline. Media stocks are outperforming.

Asian markets have ended mixed while futures on the Dow Jones are trading flat.

Brent crude is trading 0.7% lower at $42.14 per barrel while Gold is up 0.2% at $1,895/Oz.

Let's take a look at how European markets are trading:

  • Euro Stoxx 50 down 0.2% at 3,273
  • DAX unchanged at 13,013
  • CAC up 0.1% at 4,950
  • FTSE 100 up 0.4% at 5,994
  • IBEX 35 unchanged at 6,873

How Are The Sectoral Indices Faring

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