Markets at slight losses with severe fluctuations

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Prime Time Zone, Webdesk: Domestic equity markets registered slight losses on Tuesday amid severe volatility. Indices that surged in profit during the early morning hours were tidal after the mid-session. The banking, metal and finance sectors, in particular, saw slight losses in the end as the sales trend increased. Asian markets were able to gain on the back of positive signals from US markets. However, analysts said that the stock markets were hurt as key sector stocks saw losses at peak levels domestically. ‘

During the morning hours, the country’s exports rallied for the third month in a row. Also, markets moved positive in the wake of the US economic stimulus, easing of bond yields in Asian markets and the US Fed meeting. However, key indicators in the last hour have turned into losses. The Sensex was down 31.12 points at 50,363 and the Nifty was down 19.05 points at 14,910.

The banking sector in the Nifty led mainly to losses. The private bank, metal and realty sectors also came under selling pressure. The IT and FMCG sectors have rebounded. In the Sensex, Asian Paints, Dr Reddy’s, Hindustan Unilever, HCL Tech, TCS and Ultra Cement gained while L&T, ICICI Bank, SBI and HDFC Bank lost ground. Rupee exchange rate against US dollar Is at 72.51.

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Prime Time Zone Career Markets at slight losses with severe fluctuations

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