Market Commentary - Dec 15, 2020 - Bonanza Portfolio

Mr. Vishal Wagh, Research Head

On Tuesday Indian equity benchmarks made a negative start tracking weakness in global peers. Markets are trading lower with the cut of around half a percent due to selling in Oil & Gas, Energy and PSU stocks. In the afternoon session, Indian equity benchmarks managed to cut some of their losses with Sensex and Nifty trading above 46,200 and 13,500 levels.

Asian markets were trading lower on Tuesday, following the mixed cues from Wall Street as optimism about coronavirus vaccines was offset by concerns about the impact of new lockdown measures due to the surging coronavirus cases in the U.S.

In Nifty 50 top gainers are Bajaj Finance Ltd, Bajaj Finserv Ltd, Eicher Motors Ltd, Shree Cement Ltd and JSW Steel Ltd. The loser was Hindustan Unilever Ltd, Nestle India Ltd, Bharat Petroleum Corporation Ltd, ICICI Bank Ltd and Tata Consultancy Services Ltd.

Source : Equity Bulls

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