Daily Market Commentary - Jan 20, 2021 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

On Tuesday Indian equity benchmarks made gap-up opening tracking Asian peers. Markets are trading firm with gains of over half a percent each. Buying in all the sector indices, led by Realty, Energy and Industrials, supported the markets. In the afternoon session, Indian equity benchmarks continued to trade in high spirit on account of broad-based buying in blue-chip counters amid positive Asian cues. Both Sensex and Nifty are trading around 49,460 and 14,539 levels.

Most of the Asian equity benchmarks are trading higher in early deals on Tuesday, as the market sentiments got kindled by the positive vaccine news, ahead of stronger earnings this year which will likely boost Asian markets.

In Nifty 50 top gainers are Bajaj Finance Ltd, Tata Motors Ltd, Bajaj Finance Ltd, Housing Development Finance Corporation Ltd and Grasim Industries Ltd. The loser was Tech Mahindra Ltd, Britannia Industries Ltd, ITC Ltd and Wipro Ltd.

Source : Equity Bulls

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