Web Exclusive

Markets slip again on rising Covid cases; should you book profit for now?

For Sensex, Nifty50, and Nifty Bank, the underneath trend is bullish till the crucial support levels are held on a closing basis.

Topics
Buzzing stocks | Markets Sensex Nifty | corona

Avdhut Bagkar  |  Mumbai 

Extending the previous session's decline, the benchmark indices were trading around 0.5 per cent lower in the morning deals on Thursday as surging coronavirus cases in the US and many European countries dampened the hopes of economic recovery. Fresh curbs by Germany and France added to the woes further.

That apart, trading was also volatile as today is the last day of the futures & options (F&O) contracts for the October series. So, what lies ahead for the indices, and what should be your trading strategy in the current market environment? Here's the clue. S&P BSE SENSEX: ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, October 29 2020. 10:42 IST
RECOMMENDED FOR YOU
.