Market wrap-up - 28th September, 2020 - Angel Broking

Mr. Aamar Deo Singh - Head Advisory, Angel Broking Ltd

"Markets witnessed a sharp rebound today, with benchmark index Nifty gaining 177 points to close @ 11227. Overall positive global cues and sharp pullback by Banking & Financials helped Bulls regain the upper hand. Advances outnumbered declines by more than 4:1, indicating the intensity of today's upmove. Amongst the Top 3 Nifty gainers were all from the financial space, Indusind, Bajaj Finance & Axis Bank while the Top 3 Nifty Losers were HUL, Wipro and Nestle, all with marginal losses for the day. Overall Nifty has technically, very strong support zone around 10800-11000 whereas resistance on the upside is seen around 11350-11400 zone. Further, markets are keening awaiting the outcome of the RBI Monetary policy, slated for later this week."

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

"Sensex and Nifty continued its momentum on back of positive global market clues closing up by 593 points (1.59%) and 177 points (1.60%) respectively. Market started on a positive note and continues its up move throughout the day. All the sectoral indices ended in green S&P BSE BANKEX (up 3.38%) and S&P BSE AUTO (up 3%). Top gainers of the Sensex were ICICIBANK (4.13%), AXISBANK (5.83%) . Top losers of the Sensex were HINDUNILVR (0.66%). Global cues were positive as Nasdaq Futures up by 2.26% and Dow Futures was up by 1.34%."

Source : Equity Bulls

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