Daily Market Commentary - June 9, 2021 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

On Wednesday Indian equity benchmarks made a slightly positive start but failed to hold the momentum and turned volatile amid flattish global peers and news of covid bust in China. Markets were closed in red due to selling in Auto, Media, Bankex and Realty and stocks.

Most of the Asian equity benchmarks traded lower in early deals on Tuesday, as the investors sideline amid still lingering worries over global economic health with the continued spread of covid-19 virus and restrictions to contain it. Traders also eyed the key US inflation report to be released on Thursday for more cues on the monetary policy outlook of the US Federal Reserve.

In Nifty 50 top gainers Powergrid, SBILIFE, NTPC, Titan, Coal India and Divislab. The losers are Adaniport, Tatamotors, Reliance, Shree cement and LT.

Source : Equity Bulls

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