Daily Market Commentary - April 9, 2021 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

After three consecutive sessions of gains, On Friday Indian equity benchmarks made a negative start tracking weakness in Asian peers. Markets managed to trim most of their initial losses and are trading flat with positive bias in early deals on the back of board-based buying led by FMCG, Healthcare and Realty stocks. In the afternoon session, Indian equity benchmarks trim all of their initial gain and trade-in in negative terrain. Both Sensex and Nifty are trading around 49,619 and 14,832 levels.

Most of the Asian equity benchmarks traded lower in early deals on Friday, as the market sentiments got dulled with the negative US jobs data and unexpectedly higher Chinese inflation figure.

Amid the second wave of COVID-19 infections, Finance Minister Nirmala Sitharaman has said that ensuring universal availability of COVID-19 vaccines and ending the pandemic should be the key priority for the global community.

In Nifty 50 top gainers are Cipla Ltd, Sun Pharmaceutical Industries Ltd, Hindustan Unilever Ltd, Tech Mahindra Ltd and Wipro Ltd. The losers are UPL Ltd, NTPC Ltd, Ultratech Cement Ltd, Tata Steel Ltd and Coal India Ltd.

Source : Equity Bulls

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