Stock Market Started the Day with an Increase on January 20

Stock market started the day with an increase on January 20. BIST 100 index in Borsa Istanbul gained 0.53 percent and started the day with 1.573.37 points. At the beginning of the day, it increased by 8.37 points and 0.53 percent compared to its previous close and reached 1.573.37 points. While the banking index gained 0.38 percent at the opening, the holding index gained 0.70 percent. Chemicals, petroleum and plastic became the most profitable among industry indices with 1.05 percent increase, while the only loss was recorded on tourism with 0.12 percent. BIST 100 index, which moved with buyers on Tuesday, gained 0.53 percent compared to its previous close and made its all-time close with 1.561.02 points. Analysts stated that after Janet Yellen, who is expected to be the new Minister of Treasury in the USA, drew attention to the incentive packages in her presentation at the Finance Committee of the Senate last night, a positive trend started in the global markets. US Chairman of the selected Joe Biden's swearing-in ceremony will start at 7:30 pm today. In addition to this development, which is the focus of the agenda, companies in the USA continue to announce their fourth quarter financial results. On the other hand, the increase in cases and loss of life in the new type of coronavirus epidemic partially prevents the rise of the markets. Indicating that the data agenda seems stable today, analysts reminded that the speech of Bank of England President Andew Bailey and the Consumer Price Index in England and the Eurozone will be monitored abroad. In technical terms, analysts stated that the 1.590 level is in the resistance position and the 1.540 level is in the support position for the BIST 100 index.