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Markets Fall Marginally As Covid-19 Infections Remain Worrisome
Benchmark indices fell in trade after Covid-19 infections continued to remain worrisome. Poor cues from across US, where the markets there fell almost 1 per cent, also led to weakish sentiments. The Sensex was trading with losses of 150 points, while the Nifty lost 51 points in early trade.
Cyient saw its shares gain nearly 4 per cent after the company reported higher consolidated profit at Rs 103.1 crore for the 4th quarter of 2021 against Rs 95.4 crore in Q3FY21.
Shares in Tata Motors fell marginally after reports that JLR is currently experiencing some COVID-19 supply chain disruption.
Shares in Wonderla fell 2.5 per cent after the company announced closure of its Kochi and Hyderabad amusement parks till April 29 or until further notice due to the current COVID-19 situation.
"Going ahead, Indian markets are likely to continue with its volatility till COVID-19 cases continue its upward trajectory. Investors would continuously watch out government's course of action along with progress on vaccination drive," Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Meanwhile, most Asian markets were trading with losses, after seeing solid gains on Thursday. Overnight the US markets fell almost 1 per cent in trade, following a decent rally in bond yields.
