Markets underwent volatile movements in the Intraday session, but however, managed to sustain on higher side and settled on a flat note despite of market breadth being negative. The indices still seemed to be on the strong side as buying sentiments pull them from the support levels.
Metal index lead the main role in the strength of index gaining around 4% as most metal stocks hiked 5-9% whereas Technology stocks logged the gains. Weakness in European markets and slide in oil prices has hurt the sentiments which can be marked as a reason for capping the gains.
Global Market Updates
- Asian shares were mixed today with investors noted a weaker dollar ahead of the April Federal Reserve rate review next week.
- European shares retreated from three month high today as oil prices fell, but the losses were limited by some solid earning updates including those of UK chip maker ARM.
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