https://images.financialexpress.com/2020/09/market-6.jpg — S&P BSE Smallcap index was seen gaining along with the Midcap index, both outperforming the benchmark indices.

Market Highlights: Sensex ends 470 pts down from day’s high, Nifty below 11,450; HCL tech gains 10%, Airtel falls

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty gave up all gains slipping into the red during the day. Banks stocks along with RIL pulled the equity markets lower.

14 Sep 2020, 10:55 by FE Online

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty after having started today’s trading session with gains slipped into red and ended with losses. S&P BSE Sensex closed 97 points lower while the Nifty 50 was below the 11,450 mark. HCL Technologies, TCS, Infosys, Tech Mahindra were some of the best performing stocks. All Nifty sectoral indices were trading with gains. Nifty Media was up 2%. Midcap and Small cap indices ended with gains, outperforming the benchmarks by a good margin.

Markets will also be closely watching the developments surrounding SEBI’s circular, that asks Multi-cap funds to stay true to the label and invest 25% each in Smallcap, Midcap, and Large Cap stocks. This order by SEBI has invited mixed emotions with some claiming it to be a good move to boost the midcap and smallcap stocks while others claiming that it would hurt the multi-cap mutual funds. SEBI, on Sunday evening, issued another circular that said that fund houses have to follow the new circular by January 2021, or otherwise merge their multi-cap schemes with other schemes offered by them.