Market View by Mr. Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund - January 21, 2019

After opening on a flat note, key benchmarks reversed trend and hit fresh intraday high in morning trade. Subsequently, benchmark indices came off day's high and traded range bound for the rest of the day closing with gains of ~0.50%. Global markets were mixed as Asia markets chalked gains but Europe opened on a lacklustre note. Overall, the sentiment was benign after fresh data from China showed that its economy grew at its slowest pace since 1990. Traders also await British Prime Minister Theresa May's announcement of a "Plan B" for Brexit which she is due to present in parliament later today. Sectoral performance on the National Stock Exchange (NSE) was mixed. The PSU banking, realty and auto indices closed the day with losses of over 1% while the healthcare and IT indices eked out marginal gains.

Source : Equity Bulls

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