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Below are Views On The frontline indexes close the day’s trading with 1.25% gains By Dr. Joseph Thomas, Head of Research, Emkay Wealth Management 

“The frontline indexes close the day’s trading with 1.25% gains while the mid cap index (1.87%) and the small cap index (1.28%) clocked much higher gains. The fall in the total number of Covid cases across the country below the 3 Lakhs mark, and the likely enhanced availability of vaccines in the coming weeks, helped repair the sentiment to a certain extent. There is a perceptible preference for quality mid cap and small caps too which is reflected in the gains in these segments lately. Significant gains were registered by auto, consumer durables, consumer discretionary and industrials. The market may focus on the sustainability of the gains in the fight against the pandemic, and also the numbers around the price level in the light of rising fuel prices, to get more comfort on the growth front.”

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