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.
‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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 .