Markets in the red over China aggression

August 31, 2020 16:54

Indian markets opened trade on a positive note, but the sentiment failed to sustain in the afternoon session following reports of the border tensions with China, said Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi. "Also the Sebi's new margining system starts from Tuesday which also likely impacted mid- and small-cap stocks where aggressive profit booking was seen," he added. Meanwhile, market sentiment was also weakened after the release of core sector data. The output of eight core infrastructure sectors contracted for the fifth consecutive month, dropping 9.6 per cent in July, mainly due to a decline in production of steel, refinery products and cement.

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