By Aditya Raghunath
Investing.com -- Indian markets saw a sell-off in the second half of the trading session on January 6 after trading flat for the first half. Nifty and the BSE Sensex saw a mix of weakness in world markets, profit booking and bird flu impact them as they ended 0.38% and 0.54% lower respectively.
COVID-19 cases are just about coming under control in India and the vaccine rollout is expected to start soon. However, a new variant of the bird flu has hit the country. The state of Kerala has started culling ducks and chickens. The National Institute of High-Security Animal Diseases (NIHSAD) of the Indian Council of Agricultural Research has identified 12 epicenters in Rajasthan, Madhya Pradesh, Himachal Pradesh, and Kerala.
IT and FMCG stocks dropped today even as Bank Nifty gained 0.24%. ITC (NS: ITC ) dropped 2.98% today and Reliance Industries Ltd (NS: RELI ) fell 2.6%. Power Grid Corporation of India Ltd (NS: PGRD ) gained 4.39% while Hindalco Industries Ltd. (NS: HALC ) gained 3.68% on Nifty today.
European markets are readying themselves for another round of lockdown measures. The UK has gone on lockdown until mid-February, Germany until the end of January while France has a nationwide curfew in place. However, markets in all three countries are trading up at the time of this report. FTSE is up 2.19%, CAC 40 is up 0.57% and DAX is up 0.93%.
U.S. stocks are seen opening mixed Wednesday, with technology stocks getting slammed as investors factored in a Democratic win in crucial U.S. Senate run-off elections in Georgia.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.