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Post Market views - March 3, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities
Posted On: 2021-03-03 08:52:07 (Time Zone: Arizona, USA)
Domestic equities extended gain for the third consecutive day as fading concerns of rising bond yields and continued rebound in high frequency key economic indicators in Feb 21 emboldened investors. Additionally, global markets also remained supportive. Financials were key market driver today followed by IT, Metals and Reliance Industries. Auto stocks witnessed pullback today after sharp recovery witnessed in last two days. Notably, volatility index fell sharply again for the third consecutive day. Tata Steel, Bajaj Finserve, JSW Steel and UPL were key gainers, while Hero Motocorp, Maruti, Bajaj Auto and M&M were laggards.