Markets Sink Further As Sensex, Nifty Close With Moderate Losses
Sensex lost 80.30 points to close at 38,564.88, while Nifty closed at 11,575.95, down 18.50 points.
A day after Sensex plunged nearly 500 points on the back weak global cues and weakness in the Rupee, equity markets finished with losses on Tuesday, 23 April, as well.
The markets were in the green for most of the trading session on Tuesday before investors engaged in profit booking.
Among sectoral indices, Nifty Pharma gained more than a percent, but the auto sub-index was down more than a percent during the day’s trading.
The earnings season, coupled with the general elections are expected to drive the markets’ mood in the coming days, analysts said. "As we head into the week, Q4FY19 numbers will be watched closely by market participants," said Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas told news agency PTI, adding that 2019 general election continues to remain the crucial near term event for the market.
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