Market Wrap Up 22nd December 2021
As predicted yesterday the profit booking has started and because of that the markets ended in the negative zone, Sensex closed -746.22 and Nifty closed -218.45
IPO Update: Indigo Paints IPO closed today with 113 times oversubscription and 186 times of QIB subscription.
Home First Finance Day2: subscribed by 1.6 times, out of which retail section subscribed by 2.3 times.
IRDA directs Insurers to cover Covid 19 Vaccination cost, but GIC objects for the same.
Tesla’s journey in India will not be a cakewalk as they have issues concerning supply chain and infrastructure, so potential JV can be expected with likes of Tata Motors, Ashok Leyland or Maruti Suzuki.
More than 12,000 reported positive for Covid19 after they were administered with the Pfizer vaccination in Israel.
Days Gainer: Bajaj Auto: +10.43%Days Looser: Axis Bank: – 4.64%
Petrol and Diesel both have been increased by around 26 paise in India.
Gold: 48,992 (-456) for 10 GramsSilver: 66,015 (-1,285) for 1 Kilogram
We would not be excited or surprised if markets show a short recovery on Monday.
Market Wrap Up 21st January 2021
The Markets had a memorable day, Sensex touched a magical number of 50,000 points but the same could not sustain it and closed -167.36 and Nifty closed at -54.35.
Seems like January is the season of IPO’s:
Home First Finance IPO opens today, it’s fully subscribed and the QIB portion of the same is subscribed by 1.3 times.
Stove Kraft IPO will also be opening on 25th January 2021 and price band for the same would be Rs. 384-385.
Indigo Paints IPO 2nd Day of Public issue, got subscribed 6.8 times and QIB portion got fully booked.
Government is planning to remove restrictions on Domestic Aviation companies operations and the same would be allowed to use 100% of their operational capacities shortly.
The long going battle between Amazon and Reliance gets a booster, SEBI approves the deal of Future Retail and Reliance and this is a hard hit at Amazon, we have to wait and see what other legal resorts Amazon would try to take up against the deal.
Gold: 49,600 (+44) for every 10 Grams
Silver: 67,656(+666) for every 1 kilogram
Experts say the bull run in the markets are there to continue, however, we suggest you book profits on your medium and short term investments and also to switch the profits form your Mutual Funds and diversify the risks.
Market Wrap Up 20th January 2021
IPO Season is getting bigger, a IPO closed today and one new opened up, know whats happening with each of them, Tesla has been hunting for location of their plant and more..
Market Wrap Up 7th January 2021
Markets were in Negative zone for most of the day, Sensex closed at -80.74 Points, Nifty closed -8.9 Points.
Reports say 2 people died in Norway, they had received Covid Vaccination from Prizer recently.
4,400 people report adverse reports in the US after Covid Vaccine from Pfizer Bion-tech has been administered to them, so the WHO may take a call on further course of action on the vaccination drive or companies working/selling vaccinations across the world.
Oil rises as supply constraints remain a matter of focus, as OPEC+ is yet to decide on the quantum of output in near future.
Hydrabad’s office Market records 640% increase in business during the quarter of Oct-Dec 2020. Seems like Work From Home has not dented demand for the office space, similar stories may be reported from Bangalore real estate space is what the sources of speculation says.
Elon Musk could shortly replace Jeff Bezos as the richest main globally after the surge in valuation of Electric Car Company Tesla.
Electric 2 wheeler business in India has grown negative and the same has reported a drop in sale of 5.46% in 2020.
Days Gainer: Tata Steel +5.4%Days Loser: Nestle -2.10%
Gold (10Gms): Rs. 50,860 (+351)Silver (1 Kilo): Rs. 69,885 (+468)
Petrol gone up by 25 paise/liter and Diesel gone up by 28 paise/liter
Market Wrap Up 30th December 2020
The markets continued its forward march in positive territory, Sensex went up by +133.14 points and Nifty went up by +49.35 points and the same is just around 18 and odd points away to hit the magical number 14000 points.
Suspension of flights to and from the UK get extended till 7th January 2020, the same may get extended if things don’t look feasible.
Covid 19 pandemic has given rise to the Insurance business, especially the General insurance space. The Health Insurance space has been seeing a lot of demand, the same has led to the recruitment of more insurance agents/advisors, some companies have doubled the recruitment rate.
Tata Group has been shelling out a lot of money these days, the TCS buyback has got a record of 165% subscription, Tata also hiking their stake in AirAsia JV with Air Asia (Malaysia).
ICICI picks up 9.09% stake in MyClassBoard Education Solutions for Rs. 4.5Crores, the same has shown that banks are also keen to invest into startups and in future, we can expect other banks also to follow the same route.
The day’s biggest gainer was Ultratech Cements +4.04% and the day’s looser was Indusind Bank which went down by -1.52%.
Gold (10Grams) right now is trading Rs. 49,941 (-Rs. 98)Siver (1 KiloGram) right now is Rs. 68,377 (=280)
Petrol and Diesel prices remain unchanged.
The last day of 2020 happens to be a Thursday and the same happens to be the day of F&O expiry, so there may be a lot of momentum in the markets, so let’s wait and see if Nifty is able to close at 14,000 points and we get the start 2021 at the positive note and at great heights.
Market Wrap Up 29th December 2020
The bull run continues in the markets as predicted yesterday, Sensex went +259.33 points and Nifty went +59.4 points.
Covid 19 New Strain enters India, 6 cases confirmed amongst people travelled from the UK, in lue of this the suspension of flights to and from the UK would get extended for further more days, at the same time speculations are ripe that flights to and fro to China may also get suspended.
Reports say that NPA’s of PSU Banks have a sharp fall, so 2021 is seem to be a crucial year on grounds of recovery in the economy.
Bajaj auto hit the mark of Rs. 1 Trillion Market Value, thanks to the exports of automobiles that the company has been doing majorly in times of the pandemic.
On the report of Tesla entering India, Battery companies in India gained up to 15% in the markets today. We have to wait for the official statement from the company in this regard.
The day’s biggest gainer was Indusind Bank as the same has gone up by +5.3% and the day’s biggest loser was Coal India as the same has gone down by 1.85%.
Gold (10 Grams) : Rs. 50,082 (+Rs, 69)Silver(1 KGrams) : Rs. 68,440 (-Rs. 377)
The Technical charts say markets have enough support for the bull run to continue, however, lets trade with caution.
28th December Market Warp Up
Sovereign Gold bonds issue opens today, experts say gold may touch Rs. 63,000/10 grams shortly.
AstraZeneca covid vaccine is 100% efficient is what the CEO claims, we have to wait and watch the post-vaccination effect from countries where their vaccination is administered.
NIIT Board approves for Buy-Back of Shares amounting to Rs. 237 crores and the stock moves up by almost 3.4%
The day’s gainer was Tata Motors which went up by 5.91% and the day loser is Sun Pharma which went down by 0.59%.
The stock markets hit a fresh high today, Sensex went up with +380.21 points, Nifty went up by 123.95 points. The upward movement of markets was supported by the Banking and Reliance Stock push the markets up. The Technical Charts say markets have enough strength to continue the bull run, however, if people end up profit booking then the markets may come down.
Gold Price for the day: Rs. 50,092 (+Rs.19)/10 GramsSilver Price for the day: Rs. 68,830 (+Rs. 1,321)/1 Kilo)
Petrol and Diesel prices remain unchanged for a very long time, however, international crude prices have been in a negative direction since a few days.
Market Wrap Up 24th December 2020
The markets continued the bull run as predicted in our last Market Wrap Up, Sensex closed with +529.35 points & Nifty closed with +148.15
Mrs Bectros, who got listed today at a 74% premium over the allotment price has raised by 109%. The same may or may not continue to go up, so for people who have purchased the shares in IPO or bought today, we suggest you to sell half of it on the next trading day and observe the same in further trading days and then sell the remaining half of it. If you are looking at the long term then you can continue to hold.
2020 has been a good year for the markets, as we had 16 successful IPO’s and companies have accumulated investment of whooping 31,000 crores even after COVID 19 pandemic keeping lives and business of people still.
RBI says 2021 would be a great year for the Indian economy as Indian Economy shows faster recovery than predicted and we also have good numbers of IPO’s coming up in 2021 and Growth has turned positive in Q3 of 2020 as well. Lets home COVID19 does not spoil the party.
Government is back to the Divestment Plan that they had kept in cold storage for a while, they keep BEML and ITDC as the ones to be divested next in the agenda.
The days biggest gainer was Tata Motors gaining 3.99% and the days biggest loser was Infosys with 1.3%
Gold right now is trading around Rs. 50,027 for every 10 grams and the same is down by (-) Rs. 122 & Silver for every kilogram is trading at Rs. 67,541 and the same is down by (-) Rs. 35.
Petrol and Diesel Prices Remain Unchanged for the day.
The technical charts show the market having positive sentiments and the same should be in Green in the next trading session, provided the global markets are also in the green zone.
Market Wrap Up 21st December 2020
As predicted and cautioned on Friday, the markets were down today and the same is expected to continue tomorrow as well, as technical charts show negativity to continue.
Nifty closed with around -432.15 Points & Sensex closed at around -1,406.73 Points.
Seems like IPO’s are making better business than listed companies off late, the Antony Waste Management’s IPO has got fully subscribed on the 1st day itself and the retail portion of the same has got subscribed by 2.5 times.
On the discovery of a new strain of CoronaVirus, the Indian government has blocked all flights from the UK till 31st December 2020, on the same grounds even the Crude Oil is drifting down.
Pine Labs got a round of funding from Lone Pine Capital and the same is now valued at $2 billion.
Biggest gainer for the day (None from the index stocks gained in today’s markets) Blue Chip India: 25%Biggest Loser for the day: ONGC: 9.24%
Gold(10 Grams): Rs. 50,159 (-Rs145)Silver(1 Kilo): Rs. 67,774 (-Rs.135)
Market Wrap Up 18th December 2020
Hi Markets were weak today the same were down most of the day, but by end there was some recovery and markets managed to close in the positive zone, but the same does not give enough strength or confidence for the markets on Monday.
Nifty closed with +19.85 points and Sensex closed around +70.35 points.
TCS 16,000 core buyback which is the biggest buyback by any private company in India, the stock made 52 weeks high today.
Burger King continues to fall and the same hit the lower circuit (-10%)today again, as suggested it’s time to exit the stock and book the profits.
Reliance and British Petroleum began their operations in Asia’s deepest gas project in Asia, the same is in the Eastern Sea of India. If the amount of crude found here fulfils India’s needs our dependency on importing crude would reduce.
Flipkart says that their number of retailers on the portal has gone up by 35% compared to last year. This means more retailers are moving towards Etail and would benefit in the long run.
Domestic Travel surges by 21% in the month of November 2020 compared to October 2020.
Days Gainer was Dr. Reddy’s: 3.07%Days Loser was: Indusind Bank: -3.27%
Gold(10 Grams): Rs. 50,259 (-131)Silver(1Kilo): Rs. 67,762 (-505)
Petrol and Diesel Prices remain unchanged.
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