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Below are Quote on Closing market commentary by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd   

Nifty up by 245 points (1.67%) to 14923 and Sensex up by 848 points (1.74%) to 49580. Indian market opens on positive notes on the back of the positive global market news and then the market continues its upward trend from the opening levels of 14756 to 14923. Today majority of indices are in green S&P BSE BANKEX up by 3.98% after 3 weeks consolidation Private and PSU banks shine again while some pressure seen on telecom side S&P BSE Telecom down by 1.36%. If we look at stock then several stocks have given a fresh breakout and seen some good buying in them, INDUSINDBK up by 7.27%, SBIN up by 6.35%. In India covid-19 2nd wave cases are also coming down and it seems to be the pick of the 2nd wave is behind us as of now and the state government will start reopening up the economy gradually. We expect the markets to be volatile in the coming week.

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