Daily Market Commentary - Dec 7, 2020 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

On Monday Indian equity benchmarks made a cautious start amid mixed Asian cues. But, markets soon gather momentum and are trading higher with notable gains in early deals. Buying in Oil & Gas, Telecom and PSU stocks supported the domestic indices. In the afternoon session, Indian equity markets were trading in fine fettle with Sensex and Nifty crossing 45,300 and 13,300 levels due to healthy buying in healthcare, telecom and PSU stocks.

Asian equity benchmarks are trading mixed on Monday, as the optimism on covid vaccine rollout been offset with the rise in US-China tensions and as Brexit trade talks in a stalemate.

In Nifty 50 top gainers UPL Ltd, Adani Ports and Special Economic Zone Ltd, Hindustan Unilever Ltd, Bharti Airtel Ltd and Coal India Ltd. The loser was Nestle India Ltd, JSW Steel Ltd, Kotak Mahindra Bank Ltd, SBI Life Insurance Company Ltd and Tata Steel Ltd.

Source : Equity Bulls

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