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© Provided by Zee Business
Amid neutral global markets, futures & Options (F&O), sentiment, negative foreign institutional investors (FIIs) and domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Tuesday, October 13, 2020.
Domestic equity benchmarks ended with minor gains after a volatile session on Monday, October 12, 2020. The S&P BSE Sensex gained 84.31 points or 0.21 per cent to close at 40,593.80. The Nifty 50 index added 16.75 points or 0.14 per cent to end at 11,930.95. However, Bank Nifty closed 134 points or 0.56 per cent low at 23,712.80.
On the other hand, the broader market at BSE declined, underperforming the Sensex. The BSE Mid-Cap index fell 0.48 per cent and the BSE Small-Cap index slipped 0.4 per cent.
Zee Businesss Managing Editor Anil Singhvis Market Strategy for October 13:
Day support zone on Nifty is 11,800-11,850, below
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The owner of a grocery store at the site of the George Floyd killing in Minneapolis, Minn., has threatened to sue the mayor and city council over the establishment of an “autonomous zone” that the owner says is hurting businesses in the area, KTSP News reported on Thursday.
© Carlos Barria/Reuters
A local resident stands in front of a makeshift memorial honoring George Floyd, at the spot where he was taken into custody, in Minneapolis, Minnesota, June 1, 2020.
Employees of the Cup Foods grocery store called police in May after Floyd allegedly attempted to use a counterfeit $20 bill during a purchase. The officers who responded have now been indicted for causing Floyd’s death. The killing sparked massive riots in the city during which arsonists destroyed businesses as well as the city’s third police precinct.
Activists have barricaded an area of several blocks around Cup Foods for