News Snapshot:
The market showed a strong recovery on Friday, but overall remained in bear trap for the week ended March 19 given the rising fear of the second wave of COVID-19 and the volatility in US bond yields despite the Federal Reserve's dovish stance. The volatility in FII inflow, too, caused caution in the market. The BSE Sensex corrected 933.84 points or 1.84 percent to close the week at 49,858.24, while the Nifty50 fell 286.95 points or 1.91 percent to 14,744 on selling pressure in banking & financials, auto, capital goods, healthcare, and IT stocks. FMCG was the clear outperformer with...
