Doubts over the fiscal stimulus package, extension of nationwide lockdown till 31 May & spike in Covid-19 cases weighed on investor sentiment, said traders.
Market tried to cut losses in the morning session but failed as selling resumed in consumer durables and banking sectors, keeping benchmarks below Wednesday's levels.
The positive momentum strengthened as RBI announced liquidity facility of Rs 50,000 crore for mutual funds aiming to ease liquidity pressures on mutual funds.
Sensex tracked heavy losses in banking, energy and IT stocks amid volatility in global market as international crude oil prices went into a tailspin overnight.
Positive cues on FPI & stock-specific action pulled the market higher. However, spike in Covid-19 cases and extension in the nationwide lockdown kept investors cautious.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
The world is a strange place in many ways , one more just got added in 2020. The price of a business ie its market capitalisation is the present value of future profits or cash flows discounted . Many businesses will have no cash flows or negative cash flows in the present year, like the hotel , travel , restaurant and many other businesses . The sell off in march reflected that reality . What does this vigorous bounce back to almost normal levels signify ?One more strange thing .
The world is a strange place in many ways , one more just got added in 2020. The price of a business ie its market capitalisation is the present value of future profits or cash flows discounted . Many businesses will have no cash flows or negative cash flows in the present year, like the hotel , travel , restaurant and many other businesses . The sell off in march reflected that reality . What does this vigorous bounce back to almost normal levels signify ?One more strange thing .