Mumbai: Economic impression of Covid resurgence dented traders` sentiments throughout Friday`s afternoon commerce session.
Accordingly, each indices traded within the pink.
On the sectoral entrance, apart from FMCG all different sectors traded within the pink.
At round 1 p.m., the S&P BSE Sensex traded at 48,652.94, decrease by 37.86 factors from its earlier shut.
Similarly, the Nifty50 of the National Stock Exchange traded at 14,662.75, down 33.75 factors, or 0.23 per cent, from its earlier shut.
“Markets have traded on the negatively after facing the resistance at higher levels in the market. Traders have taken the cautious route in the market after a lot of agencies have revised their GDP growth target after the second wave in India,” mentioned Gaurav Garg, Head of Research at CapitalVia Global Research.
“With the lockdown in various parts of the country continuing to extend, Retailers Association of India (RAI) said it is becoming increasingly difficult for retailers to retain employees and keep their companies alive, and that capital is needed to inject into the industry. This has added to the negative sentiments in the domestic markets.”
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