Daily Market Commentary - Aug 3, 2021 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

On Tuesday Indian equity benchmarks made positive start despite weakness in global peers.Domestic bourses continued buying by funds and retail investors by crossing new record peak of 53,400 (Sensex) and 16,000 (Nifty) in the noon session. Sentiment perked up as macros were turning very positive with the declining fiscal deficit and rising tax collections. Traders also remain energized India's exports grew by 47.19 per cent to $35.17 billion in July on account of healthy growth.Both Sensex and Nifty are trading around 53,872 and 16,142.

On the global front, Asian markets were trading mixed as jitters about the spread of the coronavirus's delta variant dented enthusiasm about strong corporate profits.

In Nifty 50 top gainers Titan Company, HDFC, Indusind Bank, Sun pharma and SBI. The losers are JSW Steel, Shree cement, Bajaj Auto, Grasim, and UPL.

Source : Equity Bulls

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