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Market to trade in a narrow & negative range but will gain strength after COVID cases peak

Market to trade in a narrow & negative range but will gain strength after COVID cases peak Sunil Matkar © Sunil Matkar Market to trade in a narrow & negative range but will gain strength after COVID cases peak The Nifty has had good last six trading sessions, climbing back to 15,000, a monthly high, barring April 30. During this rally, the best-performing sectors were metals, pharma, chemicals and banks with mid and smallcaps also doing well. The Indian market is trading in a narrow and negative channel for the last two and a half months. A surge in COVID-19 has hit economic activities. This channel is of about 750 to 850 points. On April 22, the Nifty was at the lower end of the range and on April 29, it was at the upper end. We bounced from the lower base due to a drop in COVID-19 cases in key areas like Mumbai, triggering hope that India s infections were reaching its peak. At the same time, the global market was pleasant and monthly expiry triggered shor

Market to trade in a narrow & negative range but will gain strength after COVID cases peak

Market to trade in a narrow & negative range but will gain strength after COVID cases peak
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Asian Stock Market: Tracks S&P 500 Futures to south

Asian Stocks Close Mostly Higher

Asian Stocks Close Mostly Higher CANBERA (dpa-AFX) - Asian stocks ended mostly higher on Thursday, rebounding a bit from recent losses, benefiting from positive lead from overseas performance by the U.S. market and on some bargain hunting. The mood, however, was quite cautious in most of the markets in the region amid doubts about an early economic rebound due to the continuing surge in coronavirus in Asia and possibility of lockdowns in places. Japan reported nationwide daily infections of topped 5000 for the first time in three months. The country s government is mulling fresh coronavirus state of emergency in Tokyo as well as Osaka, Kyoto and Hyogo prefectures on Friday.

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