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: Thursday, May 20, 2021, 4:22 PM IST
Markets plunge in last hour sell-off, traders see momentum gaining back once Nifty settles above 15k
File Photo
The benchmark Indices closed on a negative note with Sensex down 0.68 percent and Nifty 50 down 0.83 percent mostly led by metal and banking stocks with Nifty Metal closing down at 3.21 percent and Nifty Bank declining 1.04 percent.
Equity benchmarks extend losses, in line with Asian peers, as traders weighed Fed minutes that flagged the possibility of asset purchases, said Mohit Nigam, Head-PMS, Hem Securities. Metal stocks are witnessing profit booking after China said it would strengthen its management of commodity supply and demand to curb unreasonable increases in prices.