Daily Market Commentary - Dec 17, 2020 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

On Thursday Indian equity benchmarks made a cautious start amid mixed cues from Asian peers. But, soon markets managed to trade above neutral lines with notable gains on the back of buying in Consumer Durables, Healthcare and Basic Materials counters. In the afternoon session, Indian equity benchmarks continued to trade firm on account of buying in front line blue chip counters.

Asian equity benchmarks are trading mixed on Thursday, the US Federal Reserve pledge to keep its benchmark interest rate near zero until an economic recovery is complete and a close to deal US covid relief bill, got weighed down with the concerns over peaking new coronavirus infections and lockdown measures.

In Nifty 50 top gainers are Housing Development Finance Corporation Ltd, Divi's laboratories Ltd, Bajaj Finance Ltd, HDFC Bank Ltd and Indusind Bank Ltd. The loser was Hindalco industries Ltd, Adani Ports and Special Economic Zone Ltd, Hindustan Unilever Ltd, Coal India Ltd and Bajaj Auto Ltd.

Source : Equity Bulls

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