Daily Market Commentary - Dec 31, 2020 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

On the last day of the calendar year 2020 Indian equity benchmarks made negative start and soon, markets managed to trim some of their initial losses and are trading above the neutral line. In the afternoon session, Indian equity benchmarks erased all the profits to turn negative, both Sensex and Nifty were trading below 47,800 and 13,900 levels.

Asian markets are trading mostly higher on Thursday following the modest gains overnight on Wall Street after U.K. regulators approved a coronavirus vaccine developed by AstraZeneca and the University of Oxford for emergency use.

Aviation regulator Directorate General of Civil Aviation (DGCA) has said that the coronavirus-induced suspension of scheduled international passenger flights has been extended till January 31.

In Nifty 50 top gainers are Housing Development Finance Corporation Ltd, Hindalco Industries Ltd, ICICI Bank Ltd, Sun Pharmaceutical Industries Ltd and Tata Steel Ltd. The loser was Shree cement Ltd, Bharti Airtel Ltd, Tata Consultancy Services Ltd, Ultratech Cement Ltd and ITC Ltd.

Source : Equity Bulls

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