Mid-market performance - 14th September, 2020 - Angel Broking

Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd

"Indian Indices Nifty and Sensex up by 95 points (0.80%) and 331 points (0.86%) respectively. Indian broader market opens higher on back of global clues and SEBI circular on multi-cap fund for minimum allocation of Large cap , Midcap and small cap. S&P BSE SmallCap (up 4.15%) and S&P BSE MidCap (up 2.05%) on the back of SEBI circular and continue its positive movement. All sectors are trading in green, led by S&P BSE Information Technology (up 4.49%), S&P BSE CONSUMER DURABLES (up 3.75%) and S&P BSE REALTY (up 4.14%) along with this defensive stock like HCL Technologies (up 10.46%) and Infosys Ltd (up 4.1%) getting in movementum. We expect positive sentiments for midcap small cap will continue and indices to trade in range. Global Market up higher - DOW Jones up by 116.38 points (up 0.42%) and NASDAQ up by 80 points (up 0.73%)."

Source : Equity Bulls

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