Market Wrap Up 10th December 2020
Sensex: -143.62 Points Nifty: 50.8 Points
As we told you yesterday markets were at all-time high and you need to trade with caution. The Markets were down today due to profit booking and overall sentiments, however, markets showed signs of recovery and closed in higher levels before the close.
The authority who were supposed the approve the emergency release of Covid Vaccination in India keeps the release of the same on hold following the adverse effect of the vaccination in UK and US (allergy and partial paralysis reported in the respective countries)
Apollo Pharmacy & Hospitals says they are all equipped to administer 1 million vaccines per day PAN India, with other health care players also getting into it, it will become the biggest vaccination drive anywhere in the world.
With Vaccination getting delayed Crude Oil has upward movement seen.
Oyo Lays off 300 employees on account of restructuring and on account of the new business model.
Indigo equals its fleet size (Number of Aeroplanes) equal to Air Asia’s fleet size across all its subsidiaries.
Tata lines up $1.2 Billion for ECommerce Forrey
Days Biggest Gainer: Nestle: 4.46%
Days Biggest Loser: UPL: 10.99%
Diesel: -6 PaisePetrol: – 7 Paise
The technical charts show that markets have enough strength and bull run can continue in markets. However, we should be cautious, select fundamentally good stocks and technically be aware at what price to enter and exit.