The Indian Stock Markets on Wednesday fell significantly from day's high to trade in the red. Profit booking emerged as one of the key reasons for the key decline in the markets performance leading to Sensex fall 1,400 points from day's high while Nifty was trading below 22,750-mark.
\n\nThe sharp retreat from the day's high reflected a loss of momentum after early gains, with selling pressure emerging at higher levels. Investors remained cautious amid uncertainty over global market trends, crude oil prices and foreign fund flows.
\n\nBrent crude oil futures keep hovering above $110 per barrel leading to the markets performance. US and Iran continued their strikes against each other in the Strait of Hormuz and this is likely to keep market participants on edge.
\n\nAt close, Sensex was down by 143.21 points or 0.19% at 73,709.69 while Nifty was at 22,811.35, down by 77.60 points or 0.34%.
\n\nProfit booking emerged at higher levels as investors kept a close watch on corporate earnings and the outlook for economic growth.
\n\nThe brent crude oil keep on the boil pushing the markets in red, affecting the global markets situation.
\n\nBrent crude oil futures hovered above $110 per barrel as the US and…
Original source: https://www.timesnownews.com/business-economy
