Equity gauges end flat after volatile session
03 May 2021, 21:18 GMT+10
Mumbai (Maharashtra) [India], May 3 (ANI): Equity benchmark indices shaved early losses but ended flat after a volatile session on Monday as surging Covid-19 cases continued to hit market sentiment.
At the closing bell, the BSE SP Sensex was down by 64 points or 0.13 per cent at 48,719 while the Nifty 50 edged lower by 3 points or 0.02 per cent to 14,634.
Sectoral indices at the National Stock Exchange were mixed with Nifty private bank slipping by 1.1 per cent, PSU bank and realty by 0.6 per cent each and financial service by 0.2 per cent. But Nifty FMCG rose by 1.1 per cent.
April 16, 2021
Downward revision of GDP growth by economists adds to market jitters
After a volatile session, markets are likely to see positive beginning, thanks to global cues. The SGX Nifty at 14,630 (8 am IST) indicates a gap-up opening of about 40 points for the Nifty. However, most Asian markets are ruling mixed with little change, though the US market ended at a record high overnight. The Dow closed at over 34,000 at 34,036 while the S&P 500 and tech-heavy Nasdaq jumped over 1 per cent each.
Rising number of Covid-19 cases and harsher restrictions across various States spoiled the sentiments. Analysts expect the market to be cautious going forward as already economists are revising down India’s economic growth.