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Daily Market Commentary - May 21, 2021 - Bonanza Portfolio

Daily Market Commentary - May 21, 2021 - Bonanza Portfolio
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

Power Grid begins work on restoration of power supply to Diu

Power Grid begins work on restoration of power supply to Diu May 21, 2021 A 150-member team equipped with emergency restoration systems has reached Gujarat Over 150 workers of Power Grid Corporation of India Ltd, equipped with ERS-Emergency Restoration Systems, which can replace ten 220 kV towers, have reached Gujarat to restore the 220 kV line providing power supply to Diu, the region worst affected by cyclone Tauktae. The Centre is monitoring and coordinating power supply restoration operations by power utilities in Gujarat, Maharashtra, Kerala, Goa and Daman & Diu in the wake of cyclone Tauktae, the Power Ministry said in a statement on Friday. Power Secretary Alok Kumar, has been holding regular review meetings with the state power utilities and central PSUs, namely, PGCIL, REC Ltd and Power System Operation Corporation Ltd, to provide them assistance to tide over the current critical disruptions caused by Cyclone Tauktae, the Ministry said.

Market turns range bound; Nifty hovers above 15,100

The key barometer indices were trading in a narrow range near the day s high in afternoon trade. The Nifty was trading above 15,100 mark. All the sectoral indices on the NSE were in the green. Banks and financial shares were in demand. At 13:20 IST, the barometer index, the S&P BSE Sensex, surged 669.20 points or 1.35% at 50,234.06. The Nifty 50 index jumped 194.55 points or 1.31% at 15,100.60. HDFC Bank (up 2.95%), Housing Development Finance Corporation (HDFC) (up 2.39%) and ICICI Bank (up 2.29%) boosted the indices. In the broader market, the S&P BSE Mid-Cap index rose 0.83%. The S&P BSE Small-Cap index gained 0.77%. Buyers outpaced sellers. On the BSE, 1,968 shares rose and 1,040 shares fell. A total of 149 shares were unchanged.

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