Underperformance of Indian market in the last week is striking. FII’s are the prime mover of this downtrend and also the market was triggered by the impact of second wave of COVID attack. All sectoral indices ended in red on subdued global cues. Nifty PSU Bank, FMCG, auto, infra, IT and energy indices declined 2-3 percent. IT has done quite well compared to other sectors and it is still at higher levels. This exceedingly volatile market became a difficult terrain for traders.
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