Stock Market Started The Day With a Record

Stock market started the day with a record. BIST 100 index gained 0.66 percent in Borsa Istanbul and started the day with 1.559.77 points. At the beginning of the day, the BIST 100 index, which increased by 10.24 points and 0.66 percent compared to the previous close, reached the record level with 1.559.77 points. At the opening, the banking index gained 0.72 percent, while the holding index gained 0.78 percent. Among the industry indices, construction was the most profitable with 2.67 percent, while the only decline was recorded on forest, paper and printing with 0.21 percent. BIST 100 index, which moved with buyers on Tuesday, closed the day at 1.549.53 points, gaining 0.87 percent compared to its previous closing and broke the closing record. Analysts pointed out the importance of fiscal incentives in the speeches of the FED Open Market Committee members yesterday evening and emphasized that the FED will continue its expansionary policy, and reported that Joe Biden, who was elected as the President of the USA, supports the stock markets with the fiscal stimulus package expected to be announced tomorrow. Indicating that the industrial production index data will be monitored today, analysts reminded that inflation in the USA, industrial production in the Eurozone and the Beige Book report to be published by the FED will be followed abroad. In technical terms, analysts stated that in the BIST 100 index, 1.580 points are in the resistance position and 1.500 is in the support position.