Below are Views On Sensex and Nifty closed down by 1.5% and 1.3% By Mr. Keshav Lahoti, Associate Equity Analyst, Angel Broking Ltd
Sensex and Nifty closed down by 1.5% and 1.3% respectively due to correction across all sectors due to rapidly surging coronavirus cases and no stimulus package to be announced in the US before election. Top gainers of the Nifty were Bharti Airtel (4.3%), UPL (2.8%) and Hero Motocorp (1.2%). Bharti Airtel rallied due to strong quarterly results reported by the Company. Top losers of the Nifty were HDFC (3.6%), IndusInd Bank (3.4%) and ICICI Bank (3.4%). Global cues were quite negative: Dow Futures, Nasdaq Futures and FTSE were down by 1.6%, 1.0% and 1.4% respectively. We expect volatility to continue in the market on the eye of key events of the US election, ongoing result season and how coronavirus cases are spanning around the world.
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