Daily Market Commentary - Feb 23, 2021 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

On Tuesday Indian equity benchmarks made an optimistic start tracking gains in Asian peers. Soon, markets turned volatile and are trading flat with positive bias in early deals. Buying in Realty, Oil & Gas and Capital Goods stocks were aiding in indices. In the afternoon session, Indian equity benchmarks continued to trade in positive terrain due to buying in realty, oil and gas and metal stocks. Both Sensex and Nifty are trading around 49,750 and 14,707 levels.

Asian equity benchmarks traded in the green in early deals on Tuesday, on optimism over global economic recovery with the vaccines showing scientific results on the ground that validate efficacy and effectiveness over the transmission.

In Nifty 50 top gainers are Tata Motors Ltd, Oil & Natural Gas Corporation Ltd, Tata Steel Ltd, Hindalco Industries Ltd and UPL Ltd. The loser are Kotak Mahindra Bank Ltd, Maruti Suzuki India Ltd, Adani Ports and Special Economic Zone, Bajaj Auto Ltd and HDFC Bank Ltd.

Source : Equity Bulls

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