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#855 Daily Money Show | Stock Market News
Original: #855 Daily Money Show | Money Purse Stock Market News
Takeaway
Large-cap-led IT and financial rally is masking weakness in mid/smallcap-heavy retail portfolios.
Summary
- Sensex +626 to 81,343; Nifty +187 to 24,800; midcap -0.75%, smallcap -1.11%
- IT sector contributed 74 of the 187 Nifty points; financial services added 38 points
- Better-than-expected IT earnings driving positive momentum in IT stocks
- Many retail portfolios lagging because rally is concentrated in large caps, not mid/smallcaps
it-sectorlargecapsector-rotation
Original description
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