Markets extend southward journey for third straight week
India, May 22 -- Extending southward journey for third straight week, Indian equity benchmarks ended the passing week with a cut of over a percent. Markets started the week on pessimistic note and witnessed a major cut of around three and a half percent, which mainly kept the major indices in red for the week, as Union home ministry extended the lockdown for another two weeks till May 31 to contain the spread of coronavirus. Sentiments also remain dampened on report that India's exports contracted by a record 60.28 per cent to $10.36 billion in April amid the coronavirus lockdown. Imports too tumbled by 58.65 per cent to $17.12 billion in April from $41.4 billion in the same month last year. Besides, the trade deficit narrowed to $6.76 bill...
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