Daily Market Commentary - July 4, 2023 - Bonanza Portfolio

Mr. Rajesh Sinha, Sr. Research Analyst, BONANZA PORTFOLIO LTD

Sensex was up by 274.00 points or 0.42 %at 65,479.05, and Nifty was up by 66.50 points or 0.34%at 19,389.00 while Sensex was up by 280.68 points or 0.43 % at 65,485.73, and Nifty was up by 73.90 points or 0.38 % at 19,396.40.

Indian Rupee depreciated on a positive US Dollar and recovery in crude oil prices. However, a sharp fall in the rupee was prevented by a surge in domestic markets and FII inflows. In July, US Dollar gained on rising expectations of a hawkish US Federal Reserve monetary policy. US markets will remain closed today.

Top gainers were Bajaj Finance, Bajaj Finserv , Hero MotoCorp, Tech Mahindra, Sunpharma while loser were Eicher Motors, Grasim, Bharti Airtel, Axis bank, Reliance.

Among sectors, IT, pharma and PSU banks rose 0.5-1.9 % while Automobile, Energy and Infra were the worst hit, down by 0.3-0.6%.

Source : Equity Bulls

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DailyMarketCommentary BonanzaPortfolio Nifty Sensex