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.
As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.
Company builds microsatellites that are smaller, faster, cheaper to produce. ICEYE will develop & launch micro-satellites, hand them over to India, which will have full control & sovereignty.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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 .