Markets Daily - Nov 18, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Markets Daily - Nov 18, 2020 - Mr. Deepak Jasani, Head of Retail Research, HDFC SecuritiesIndian equity benchmark indices markets managed to end the day on Nov 18 with gains during the final few minutes of a rangebound trading session. In the process they ended up for the fourth straight day. At close, Nifty 50 index ended up 0.5% at 12,937.

Volumes on the NSE continued to be high. Among sectors, Banks, Auto, Realty were the main gainers while FMCG, IT and Pharma ended in the red. Midcap index closed up by 1.4%.

Global shares were subdued on Wednesday as soft U.S. retail sales fuelled worries that rising coronavirus cases could choke a still fragile economic recovery, dampening the euphoria from vaccine trial breakthroughs.

Nifty closed at an all time high once again. Going by the momentum, 13200-13280 mark on the Nifty could be reached soon.

Source : Equity Bulls

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