Market Wrap-up - 1st October, 2020 - Angel Broking

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

Markets witnessed a spectacular rally , with the benchmark index Nifty up almost 1.5% to end the day @ 11,4116, as positive global cues and stronger Asian markets have led to enhanced investor interest. Strong set of economic data emanating from the USA, helped the markets. Advances in the domestic market outnumber declines by more than 2:1 with Banking & Financials leading the way. Amongst the Top 3 Nifty gainers were Indusind, Bajaj Finance and Axis Bank whereas the Top 3 Nifty losers were Dr. Reddy, Hindalco & ITC. Nifty has managed to breach its crucial resistance zone 11350-11400 so sustaining above it becomes important for any upmove towards the 11600-11650 zone. On the downside, support for Nifty is seen around the 11150-11200 zone.

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

Sensex and Nifty surges on back of global market clues, Indices open higher on back of positive global market clues, Sensex closing up by 629 points (1.65%) and Nifty up by 169.4 points (1.51%). Today S&P BSE Finance (up 3.03%), S&P BSE Telecom (up 2.02%) while S&P BSE CONSUMER DURABLES (down 0.21%) was the only sector traded in red. Top gainers of the Sensex were INDUSINDBK (12.41%), BAJFINANCE (5.09%) . Top losers of the Sensex were RELIANCE (0.39%), ITC (0.52%). Global cues were positive as Nasdaq Futures up by 0.74% and Dow Futures was up by 1.20%.

Source : Equity Bulls

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