Daily Market Commentary - April 22, 2021 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

On Thursday Indian equity benchmarks made a gap-down opening, after a day's halt as markets were closed on Wednesday on account of Ram Navami. Worries over the second wave of COVID-19 in the country and the tightening of restrictions in various states weighted down on the markets. In the afternoon session, Indian equity benchmarks trimmed most of their losses and continued to trade above the neutral line. Both Sensex and Nifty are trading around 48,135 and 14,422 levels.

Most of the Asian markets were trading higher in cautious trading, recouping some of the losses of the previous two sessions, following the positive cues overnight from Wall Street.

In Nifty 50 top gainers JSW Steel Ltd, ICICI Bank Ltd, Wipro Ltd, Tata Steel Ltd and Adani Ports and Special Economic Zone Ltd. The losers are Shree Cement Ltd, Titan Company Ltd, Tata Consumer Products Ltd, Hindustan Unilever Ltd and Tech Mahindra Ltd.

Source : Equity Bulls

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