Daily market commentary - 24th December 2019 - BONANZA PORTFOLIO LTD

Mr Jitendra Upadhyay, Fundamental Analyst

Today Asian equity benchmarks are trading mixed, with the subdued trading on Christmas Eve and on careful outlook as Chinese, Japanese and South Korean leaders prepared to meet in China to talk about trade and politics.

The BSE Sensex closed at 41,461.26 down by 181.40 points or 0.44% and NIFTY50 closed at 12,212.00, down by 50.75 points or 0.41%. Source: (As per BSE & NSE website)

The BSE mid cap index down by 0.02%, while small cap index up by 0.02%. Source: (As per BSE website)

The International Monetary Fund (IMF) in its latest report has said that India is now in the midst of a significant economic slowdown and urged the government to take urgent policy actions to address the current prolonged downturn.

The top gaining sectoral indices are NIFTY Metal up by 0.52%, NIFTY Realty up by 0.50% and NIFTY Pharma up by 0.12%. The top losing sectoral indices are NIFTY IT down by 0.54%, NIFTY Media down by 0.48%, NIFTY Auto down by 0.41% and NIFTY Fin Service down by 0.26%. Source: (As per NSE website)

The top gainers on the Sensex were Indusind Bank Ltd up by 1.69%, ONGC Ltd up by 0.76%, Hero Motocorp Ltd up by 0.57%, kotak Bank Ltd up by 0.50% and NTPC Ltd up by 0.48%. On the flip side, HCL Tech Ltd down by 1.80%, Reliance Ltd down by 1.59%, HDFC Bank Ltd down by 1.00% and TCS down by 0.78%. Source: (As per BSE website)

Source : Equity Bulls

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