Friday, April 16, 2021

Markets that make profits amid volatility

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Prime Time Zone, Webdesk: Domestic equity markets ended in gains on Thursday amid sharp volatility. Gained gains with positive signals from international markets. Despite the selling pressure during the mid-session they eventually moved on to profits. Market analysts said the rally was supported by the metal and energy sectors in particular. Experts said the markets were volatile due to the February F&O series closing on Thursday. The Sensex was up 257.62 points at 51,039 and the Nifty was up 115.35 points at 15,097. Metal gained 4.15 per cent in the Nifty, while media, PSU banking, realty and auto sectors strengthened. Finance and FMCG sectors declined. In the Sensex, ONGC, NTPC, Reliance, IndusInd Bank, Axis Bank and Powergrid gained, while ICICI Bank, Nestle India and L&T gained. Rupee exchange rate against US dollar Is at 72.29.

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