Daily Market Commentary - March 30, 2022 - Bonanza Portfolio

Mr. Harsh Parekh, Technical Analyst - Bonanza Portfolio

Indian equity benchmarks extended their winning streak and made a positive start on Wednesday. Indian equity markets continued their gaining momentum in late afternoon session, with both Sensex and Nifty gaining above 740 and 146 points, respectively led by auto, bank, Financial, IT, oil & gas. Progress in peace talks between Russia and Ukraine improved investor hunger for riskier assets. Benchmark indices ended higher for the third consecutive session amid mixed global cues.

On the sectoral front auto, IT, PV and PSU bank, capital goods, Financial, Media and realty indices rose 1% and above, while metal index down nearly 2.17%, oil & gas index slipped 0.37% and healthcare index fell 0.15%.

In Nifty 50 top gainers HDFC life, Bajaj finserv, Bajaj finance, Tata consumer and Grasim. The losers are ONGC, Hindalco, JSW steel, ITC and Coal India.

Source : Equity Bulls

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BonanzaPortfolio DailyMarketCommentary Nifty Sensex