Daily Market Commentary - April 29, 2021 - Bonanza Portfolio

Mr Vishal Wagh, Research Head

On Thursday Indian equity benchmarks extended their previous session's gains with positive opening tracking gains in Asian peers. Markets are trading firm with gains on account of buying in most of the sector indices led by Metal, Basic Materials and Energy. In the afternoon session, Indian equity benchmarks managed to keep their head above water. Both Sensex and Nifty are trading around 49,873 and 14,915 levels.

Asian shares were trading mixed after the Federal Reserve states that it was too early to consider rolling back emergency support for the economy, and U.S. President Joe Biden proposed a $1.8 trillion stimulus package.

In Nifty 50 top gainers JSW Steel Ltd, Bajaj Finserv Ltd, Tata Steel Ltd, Bajaj Finance Ltd and Hindalco Industries Ltd. The losers are Eicher Motors Ltd, Hero MotoCorp Ltd, Tata Motors Ltd, Shree Cement Ltd and State Bank of India.

Source : Equity Bulls

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