Daily Markets - Sep 2, 2020 Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Indian benchmark equity indices rose for the second straight day on Sept 02 after remaining in a narrow range till 2 pm. At close the NSE Nifty 50 index ended 72.7 points or 0.63% higher at 11,543.

Volumes on the NSE fell below recent averages probably hinting at the impact of the new margining system with Media, IT, Metals and Auto indices doing well while PSU bank index ended marginally in the negative.

Broader market indices like Midcap and smallcap indices performed better than the Nifty.

Global shares were mostly higher Wednesday as investors were encouraged by positive U.S. economic data, even while the coronavirus pandemic has regions around the world battling recessions. European stocks opened higher on Wednesday on the back of a strong session on Wall Street, despite troubling economic indicators in the region like Eurozone retail inflation and German retail sales.

Nifty has closed at its highest in three trading sessions, though the gains have been small on low volumes. Traders remain cautious on the direction of the market.

Source : Equity Bulls

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