InvestorQ : Why did the stock markets give up all their gains on 05 May and close in the negative despite a positive opening?
Moii Chavate made post

Why did the stock markets give up all their gains on 05 May and close in the negative despite a positive opening?

Answer
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Sam Eswaran answered.
5 months ago


Markets opened strong on Tuesday on the back of positive US market cues but erased all its morning gains and more to end in negative territory. There was heavy selling in banks, metals and FMCG counters. In fact, PSU Bank index hit a 13-year low on concerns over asset quality as SBI hit a 52-week low.