Daily Markets - April 6, 2021 - Mr. Deepak Jasani, Head of R

Daily Markets - April 6, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities


Daily Markets - April 6, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities
Posted On:
2021-04-06 04:04:53
(Time Zone: Arizona, USA)
After a sharp sell-off in the previous session, Indian benchmark equity indices ended marginally higher on April 6 amid some volatile moves. At close, the Nifty was up 45.70 points or 0.31% at 14,683.50.
Volumes on the NSE were in line with recent averages. Among sectors, Pharma, Metals, Realty, FMCG, rose the most while Bank & Media fell the most. Metals index closed at its highest level since April 2011. BSE Midcap and Smallcap indices rose 0.8-1 percent.
Asian stock markets were mostly lower on Tuesday amid cautious trading, as worries about rising coronavirus cases and extension of lockdown restrictions are weighing on the markets. European stocks played catch-up with gains in Asia and Wall Street overnight in their first trading session since the Easter holiday. Europe's benchmark equity index hit a record high on Tuesday, recovering all of its pandemic-driven losses as investors bet on a speedy global economic recovery, spurred by bumper stimulus spending and COVID-19 vaccination programmes.

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