Daily Market Commentary - Sep 3, 2021 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

Indian equity benchmarks made a positive start on Friday despite mixed global cues. Markets continued to trade in positive terrain in the afternoon session with Sensex and Nifty trading above 57900 and 17250 levels respectively. Besides, broader indices were also trading in the green, supporting their larger peers. Sentiment perked up as India's services sector expanded in August at the fastest pace in one-and-a-half years amid strong inflows of new work and improved demand conditions. Both Sensex and Nifty are trading around 58,029 and 17,300 levels.

Asian markets were trading mixed after China's service sector signaled a renewed fall in business activity in August as rising coronavirus infection at home and abroad weighed on operations and demand.

In Nifty 50 top gainers Reliance, ONGC, Hero Motocorp, IOC, and Eicher motors. The losers are HDFC life, HUL, HDFC, Bharti airtel, and Larsen.

Source : Equity Bulls

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