Today started with a slight rise in the share market, but as the day progressed, selling pressure became dominant. Due to President Donald Trump’s soft stance on US-China trade tension, investor sentiment improved slightly due to which Sensex opened with a gain of 77 points at 82,404.54 and Nifty opened at 25,277.55. But within a few hours the market turned towards decline and Sensex fell by 300 points and Nifty by 75 points. Meanwhile, positive movement was seen in the IT sector. Shares of Tech Mahindra rose by 1.52% and HCL Tech by 1.7%, which shows investor confidence after the quarterly results. Infosys also showed a strength of about 1.5%. On the other hand, due to decline in retail inflation, there is hope that RBI may cut interest rates in December. Amidst the uncertainty in the market, investors are shifting towards Gold and Silver ETFs. Due to record rise in silver prices, some big mutual funds have stopped investing in Silver ETFs for the time being.
Sensex-Nifty slipped, but IT sector shined – Gold-Silver became safe haven. Money Live | Sensex-Nifty slipped, but IT sector shined – Gold and Silver became safe havens
