Stocks on Tuesday built on yesterday’s rally to briefly breach the 46,000 points barrier after 47 sessions mostly because of signs that the virus was likely weakening, dealers said. Pakistan.
Sensex, Nifty lack direction, down marginally
May 19, 2021
Domestic investors remain optimistic owing to a decline in Covid-19 cases
The benchmark indices were trading in the red Wednesday afternoon on profit-taking, dragged by metal, auto and financials.
After opening down marginally, the domestic market was little changed despite weak global markets that were reflecting mounting inflation worries. However, domestic investors remain optimistic owing to a decline in Covid-19 cases in the country.
At 1 pm, BSE Sensex was at 50,127.66, down 65.67 points or 0.13 per cent. It hit an intra-day high of 50,279.01 and a low of 50,015.57. Nifty 50 was at 15,087.45, down 20.65 points or 0.14 per cent. It hit an intra-day high of 15,133.40 and a low of 15,049.65.
TOKYO: Asian shares rose on Tuesday after modest gains on Wall Street, while robust metals prices underpinned some regional markets even as investors remained wary ahead of the annual central banking conference in Jackson Hole later this week.Futures suggested the brighter mood would carry through to Europe, with the Eurostoxx 50 up 0.4 per cent, DAX futures.