Daily Market Commentary - Sep 15, 2021 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

Indian equity benchmarks have made a positive start and are trading marginally higher in early deals on Wednesday despite weak cues from global markets. Markets continued their upward rally in the late afternoon session, with the Sensex and Nifty gaining above 450 and 125 points, respectively. Among heavy-weights NTPC, Bharti Airtel and HCL Tech exhibited a smart performance. Traders remain energized after Union Minister for Road Transport and Highways Nitin Gadkari said that the bilateral trade between India and the US has grown from $16 billion to $ 149 billion in the last two decades. The trade is projected to reach $500 billion by 2025. Both Sensex and Nifty are trading around 58,725 and 17,521 levels.

On the global front, Asian markets were trading mostly in red after U.S. inflation was lower than expected amid unease about the impact of the spread of the coronavirus's delta variant. European markets were trading mostly in red as worries about a slowing Chinese economy, declines in travel and leisure stocks, and soaring UK inflation dampened sentiment in early trading.

In Nifty 50 top gainers NTPC, Bharti Airtel, Coal India, ONGC, and Titan company. The losers are Tata Cons, BPCL, Nestle, Axis bank, and Asian paint.

Source : Equity Bulls

Keywords