Daily Market Commentary - April 5, 2021 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

On Monday Indian equity benchmarks made flat-to positive start amid mixed domestic and global cues. Markets are trading lower with a cut of around one and half percent each in early deals due to heavy selling in all the sector indices except IT and Metal stocks. Rising coronavirus cases in the country dampened the sentiments in the markets, India reported 103,793 fresh Covid-19 cases in the last 24 hours, the highest single-day spike of the year. In the afternoon session, Indian equity benchmarks continued to show a sluggish trend. Both Sensex and Nifty are trading around 49,183 and 14,656 levels.

Most of Asian equity benchmarks traded higher in early deals on Monday, as the hopes over global economic recovery got spurred after the release of upbeat jobs and manufacturing data.

In Nifty 50 top gainers are HCL Technologies Ltd, TCS Ltd, Britannia Industries Ltd, Wipro Ltd, Infosys Ltd. The losers are Bajaj Finance Ltd, Indusind Bank Ltd, State Bank of India, Eicher Motors Ltd and Mahindra & Mahindra Ltd.

Source : Equity Bulls

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