Market Commentary - Dec 11, 2020 - Mr. Keshav Lahoti - Associate Equity Analyst, Angel Broking Ltd

Indian market closed up by 0.3%. This week also the market continued its momentum by closing up by 2% due to liquidity and economic recovery. Sectors such as FMCG, metal, energy closed in green, whereas sectors such as pharma, IT, auto closed in red. These days buying interest is higher in beaten down sectors such as multiplex, hotel due to visibility in their business, we expect such sectors to do well in the upcoming days also. Global cues were negative: Dow Futures, Nasdaq Futures and FTSE were down by 0.4%, 0.6% and 0.6% respectively. After the recent rally in the market, we are cautiously positive on the market. We advise investors to have ~15% of their portfolio in liquid assets so that it can be utilized when correction happens in the market.

Source : Equity Bulls

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