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Market recap for 1 December 2020

Nifty50 ▲ 13,109 (+1.08%)      Sensex ▲ 44,655 (+1.15%)


Better-than-expected GDP numbers, record foreign flows and positive global cues helped the Indian markets rise today. Among the sectoral indices, the Nifty Realty index rose 3.3% as improving demand led to gains in key real estate stocks such as DLF (+4.2%), Prestige (+8.2%) and Oberoi Realty (+3.6%). Meanwhile, the Nifty FMCG index (-0.04%) ended nearly flat.

Top gainers (Nifty50)

GAIL +8.0%
Sunpharma +5.6%
IndusInd Bank +4.9%

Top losers (Nifty50)

Nestle India    ▼ -2.5%
Kotak Bank ▼ -1.5%
JSW Steel      ▼ -1.3%

Here are the top stories for the day.

November auto volumes a mixed bag

Vodafone-Idea hikes tariffs

PMI eases to lowest in three months

Burger King IPO opens on 2 December

Issue dates: 2-4 December
Price band: ₹59-60 per share
Lot size: 250 shares

Closing bell

Despite the recession, the markets surged today. Stark as that sounds, consider the situation from the market’s lens. Among others, traders love to see two things a) the direction of the current trend and b) what lies ahead. Although Q2 GDP numbers were negative, the growth trend is pointing upwards, i.e. -7.5% compared to -23.9% in Q1. Second, to visualize what lies ahead, a trader must make a guesstimate based on the news flow and management commentaries about various companies and sectors. Liquidity flow just quickens the entire process.


Good to know

What is a recession?

A recession is a macroeconomic term that refers to a significant decline in general economic activity. Typically, two consecutive quarters of decline puts an economy into recession.


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Disclosures and Disclaimer

Investment in securities markets are subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.

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