Day Stock Market Money Maker News

Markets underwent losses and volatility was seen on fears of a Fed rate hike after the recent FOMC minutes, which also resulted in depreciation of Rupee as the minutes raised the possibility of a rate hike in June while on domestic front assembly elections too affected the sentiments of indices and final benchmark indices dragged down to close in red territory losing approx 1.10%. Overall, markets have acquired range bound movement and current levels are near the support of that range.

All the sectors ended in red, but Banking & Financials, Media and Metals hit the markets most.

Global Market Updates:

  • Shares in Take-Two Interactive Software dips after the New York-based multinational video game developer and distributor saw its adjusted revenue and earnings move lower last quarter.
  • European stocks retreated as weaker oil and metals prices put concern mounted that U.S. interest rates would be raised soon.

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