Daily Market Commentary - Jan 7, 2021 - Bonanza Portfolio

Mr. Vishal Wagh, Research Head

On Thursday Indian equity benchmarks made an optimistic start tracking firm cues from Asian peers. Markets are trading in fine-fettle with gains of over half a percent on the back of healthy buying in Metal, Realty and Basic Materials stocks. In the afternoon session, Indian equity benchmarks maintained their upward momentum following gains in telecom, metal and basic materials stocks. Both Sensex and Nifty are trading around 48,100 and 14,150 levels.

Asian markets were trading mostly in green amid optimism over the rollout of Covid-19 vaccines, with India's huge vaccination drive likely to kick in from next week.

The union government has allowed the employees' provident fund organisation (EPFO) to invest in public sector debt exchange-traded funds (ETFs) such as Bharat Bond.

In Nifty 50 top gainers are Tata Steel Ltd, Hindalco Industries Ltd, Adani Ports and Special Economic Zone Ltd, Bharti Airtel Ltd and Indusind Bank Ltd. The loser was Hindustan Unilever Ltd, Divi's Laboratories Ltd, HDFC Life Insurance Company Ltd, Nestle India Ltd and Titan Company Ltd.

Source : Equity Bulls

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