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Daily Market Commentary - April 22, 2021 - Bonanza Portfolio
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NEW DELHI: Around 10 stocks fell to touch their 52-week lows on NSE in Tuesday s session. Among the stocks that touched their 52-week lows on NSE were: AKG Exim, Taj GVK Hotels, Mittal Lifestyle, Jump Networks, Shradha Infraprojects, Suvidhaa Infoserve, LCC Infotech, Ujaas Energy, Radha Madhav Corporation and DSJ Communications. Domestic benchmark index NSE Nifty was trading 31.20 points up at 14390.65, while the BSE Sensex was trading 84.84 points up at 48034.26. On the other hand, Supreme Petrochem, Apollo Hospital, Tata Consumer Products, Max Healthcare and J B Chemicals stocks hit their fresh 52-week high today.
In the Nifty 50 index, Dr. Reddy s, Bajaj Finserv, Bajaj Finance, HDFC Life and Tata Consumer were among the top gainers on the NSE. However, HCL Tech, UltraTech Cement, Tech Mahindra, Shree Cements and HDFC were among the top losers.
Daily Market Commentary - April 7, 2021 - Bonanza Portfolio
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Mr Vishal Wagh, Research Head
On Wednesday Indian equity benchmarks added gains in morning deals as the Reserve Bank of India (RBI) left interest rates unchanged at 4 percent and maintained an accommodative policy stance to nurture a fragile economic recovery after the three-day meeting of its monetary policy committee (MPC). In the afternoon session, Indian equity benchmarks continued to trade in fine contour on significant buying by funds and retail investors. Both Sensex and Nifty are trading around 49,699 and 14,830 levels.
Most of the Asian equity benchmarks traded higher in early deals on Wednesday, as the market sentiments bolstered after IMF s report forecasted the strongest global expansion in four decades for this year.
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