Mid-day market commentary - Angel Broking

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

Indian Indices Nifty and Sensex, down by 62 points (0.55%) and 176 points (0.46%) respectively. Indian broader market seems to be under pressure after a positive opening trade. Today S&P BSE Information Technology (up 0.94%), S&P BSE Telecom (up 0.56%) are the only sector trading in green while S&P BSE REALTY (down 2.33%), S&P BSE OIL & GAS (down 2.29%). We expect momentum in the defensive sector like IT to continue and small caps & mid caps to remain under pressure. Global Market update - DOW Jones down by 509 points (down 1.84%) and NASDAQ down by 14 points (down 0.13%).

Source : Equity Bulls

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