Market Wrap Up - Nov 25, 2020 - Angel Broking

Mr. Keshav Lahoti - Associate Equity Analyst, Angel Broking Ltd

"Indian market opened in green but due to profit booking closed at close to day's low by correcting by 1.5%. In line with our expectation, profit booking was across all the sectors. Global cues were neutral, Dow Futures and Nasdaq Futures were flat, whereas FTSE was down by 0.4%. Sector wise, we are more bullish on IT, Pharma and Chemical stocks due to the structural positive change brought in the sector due to Covid-19. We advise investors to have ~15-20% in cash so that they can utilize the cash when correction happens in the market. From these levels, unlike the last few days, we don't expect a sharp rally in the market."