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.
(Click to submit your details) Just one step to get best trading tips and Recommendation.