Indian markets ended in the red on Tuesday mirroring losses in global peers. The worst hit were stocks from metals, realty and banks whereas FMCG and capital goods ended with minimal losses.
The equity benchmarks witnessed consolidation throughout the session on Wednesday, ahead of F&O expiry for the month of June. First half of trade was negative with modest losses on weak global cues and the Nifty struggled at the 5300 level. However, the Nifty managed to hold 5300 in the last couple of hours.
The benchmark Nifty began the day with a strong and hit the 5000 mark on the Ambani brother’s patch-up news. Both brothers finally compete. Short cover was a reason behind this add to. Global cues being positive.
Mukesh Ambani and Anil agreed to cancel all non-compete agreement. Heavyweight Reliance Industries rose by 5%.
Indian markets have witnessed a range session held on Tuesday, according to its negative stereotypes Asian peers. Metals, automobiles and banks led by a decline, while capital goods and stocks of pharmaceuticals some resistance.