Market View - BNP Paribas Mutual Fund - April 23, 2018

Mr. Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund - April 23, 2018.

It has been a volatile day on the bourses as markets have not been able to hold on to gains while bears have been unsuccessful in putting a lid on positive sentiment. Benchmark indices opened lower on negative global clues but recovered as the session progressed. However, unable to hold onto larger gains, both the benchmark Sensex and the Nifty finally closed the day near the flat line. Additionally, trading was also volatile due to derivatives expiry, later this week. Asian stocks were trading lower as investors kept an eye on rising US Treasury yields which likely portend rising inflation expectations. Sectoral indices on the National Stock Exchange (NSE) traded mixed. While the metals and FMCG indices closed the day in the red, healthcare, PSU banking and media indices witnessed gains of over 0.50%

Source : Equity Bulls

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