Daily Market Update- Equity Report 12 Aug 2022-Globe Capital

After a post-strong gap-up opening, the Nifty index failed to build on the initial gains, and settled near the day’s low at 17659 levels, up 124 points. Broader markets performed in line with the benchmark as the Mid & Small cap index gained 0.9% & 0.87% respectively, despite this market breadth being flat. The majority of sector gauges tracked at NSE settled in green, PSU Bank index gained maximum, up 2.38% while the FMCG index was at the bottom of the tally, down nearly 1%.