Daily Market Commentary - Dec 28, 2020 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

On Monday Indian equity benchmarks made positive start tracking Asian peers. Markets are trading firm with gains of over half a percent on the back of buying in all sector indices led by Realty, PSU and Metal. In the afternoon session, Indian equity benchmarks added gains due to heavy buying in realty, industrials and consumer durables stocks.

Most of the Asian equity benchmarks are trading higher in early deals on Monday, as the market sentiments got buoyed after President Donald Trump signed a $900 billion corona relief fund, which cleared uncertainty as reinstated travel and business curbs threaten to weigh on global economic activity.

Union Commerce and Industry Minister Piyush Goyal has said that the focus on 'Vocal for Local' and manufacturing of value-added products in India can create job opportunities for the youth and boost the country's economic growth.

In Nifty 50 top gainers are Tata Motors Ltd, JSW Steel Ltd, Titan Company Ltd, HDFC Life insurance Company Ltd and SBI Life Insurance Company Ltd. The loser was Shree Cement Ltd, Sun Pharmaceutical Industries Ltd, Britannia Industries Ltd, Hindustan Unilever Ltd and Cipla Ltd.

Source : Equity Bulls

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