Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Market Commentary

| More

Post Market views - Jan 20, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Posted On: 2021-01-20 09:50:05 (Time Zone: Arizona, USA)


Domestic equities extended their gains today with benchmark indices recording fresh highs despite mixed global cues. Barring FMCG and realty, most of the sectoral indices contributed positively. IT stocks witnessed sharp recovery today after seeing profit-booking for last couple of trading days. Similarly, PSU Banks again remained in focus today especially on news regarding fresh recapitalization. Notably, volatility index softened for second consecutive day in the range of 21-22, which augurs well for the markets. Tata Motors, Adani Port, Wipro and Tech Mahindra were top gainers, while HDFC Bank, Shree Cement, GAIL and NTPC were laggards.

In our view, underlying strength of domestic markets remains intact despite a large portion of expected earnings recovery has been factored in current valuations. A scenario of large fiscal stimulus from the USA, soft monetary policy stance by global bankers, weak dollar and continued improvement in economic activities should continue to act as key tailwinds for FPIs flow. Further, low appetite for other traditional asset classes and rising popularity about equities among vast population (which is evident from record number of new Demat accounts in 2020) augur well for domestic equities, which may aid markets to sustain premium valuations. Union Budget is likely to be the most crucial event for the year, which will offer clarity about sustainability of economic rebound in subsequent quarters. We believe there might be some rotational trading ahead of budget, where sectors like infrastructure, building materials, healthcare, real estate, select auto and agro chemical should be in focus in coming days. However, considering rich valuations of the market, investors must be cautious and invest in quality stocks, which have robust earnings visibility and margins of safety.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Indices remain volatile with no clear direction : Angel Broking

Technical View - Mr. Subash Gangadharan, Senior Technical & Derivative Analyst, HDFC securities

Rupee - March 8, 2021 - Reliance Securities

Daily Markets - March 8, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - March 8, 2021 - Bonanza Portfolio

Post Market views - March 8, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Nifty ends below 15000 amid volatile swings : Angel Broking

Rupee - March 5, 2021 - Reliance Securities

Daily Market Commentary - March 5, 2021 - Bonanza Portfolio

Daily Markets - March 5, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - March 5, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - March 4, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Weak global cues jolts our markets, but midcaps outperform : Angel Broking

Daily Market Commentary - March 4, 2021 - Bonanza Portfolio

Rupee - March 4, 2021 - Reliance Securities

Post Market views - March 4, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - March 4, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Outstanding performance by the bulls; Nifty ends around 15250: Angel Broking

Daily Markets - March 3, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - March 3, 2021 - Reliance Securities

Daily Market Commentary - March 3, 2021 - Bonanza Portfolio

Post Market views - March 3, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - March 3, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Technical View - March 2, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Nifty extends its bounce back, reclaims 14900: Angel Broking

Rupee - March 2, 2021 - Reliance Securities

Daily Market Commentary - March 2, 2021 - Bonanza Portfolio

Daily Markets - March 2, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - March 2, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Strong global cues helps Nifty reclaiming 14750: Angel Broking

Rupee - March 1, 2021 - Reliance Securities

Daily Market Commentary - March 1, 2021 - Bonanza Portfolio

Post Market views - March 1, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - March 1, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty back to 14500, financials leading the fall : Angel Broking

Rupee - Feb 26, 2021 - Reliance Securities

Daily Markets - Feb 26, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Feb 26, 2021 - Bonanza Portfolio

Post Market views - Feb 26, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Feb 26, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Monthly expiry ends tad below 15100 : Angel Broking

Rupee - Feb 25, 2021 - Reliance Securities

Daily Market Commentary - Feb 25, 2021 - Bonanza Portfolio

Daily Markets - Feb 25, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - Feb 25, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Daily Markets - Feb 24, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty reclaims 15000 surprisingly despite a truncated day : Angel Broking

Technical View - Feb 24, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - Feb 24, 2021 - Reliance Securities

Post Market views - Feb 24, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020