Wednesday, April 14, 2021

Discounted stock markets!

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Prime Time Zone, Webdesk: Domestic equity markets suffered losses again. International developments hit three consecutive days of gains. Analysts attributed the rise in selling pressure, particularly in the banking and finance sectors, to international signals. Experts believe that the indices will rally following the international markets if there are no developments affecting the domestic markets, which is why the markets lost ground on Thursday after a series of gains.

The Sensex lost 598.57 points to close at 50,846. The Nifty lost 164.85 points and closed at 15,080. The metal sector traded above 2% in the Nifty. The private sector bank is bored. Pharma, IT, FMCG, PSU banking strengthened. In the Sensex, Ultratech Cement, Dr Reddy’s, Asian Paint, Maruti Suzuki and Hindustan Unilever gained while all other stocks lost ground. HDFC, Bajaj Finserv, L&T, SBI, Axis Bank and HDFC Bank were the biggest losers. Rupee exchange rate against US dollar Is at 72.75.

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