Market Wrap Up 17th December 2020
Markets continue its upward movement, the bull run continues, Nifty closes with +58 points, Sensex closes with 223.88 points gain.
Burger King hit a lower circuit of 10%, the stock had gained 232% in total, we think it’s time to exit the stock and book the profits.
Mrs Vectors IPO closed today, the same has got oversubscribed by 197 times, and HNI portion oversubscribed by 621 times. The Same is trading at 70% premium in Grey markets.
Jubilant Food works, the holding company of Dominos Pizza enters Biriyani business and launches Ekdum. The stock rallies over 5.6%
TTML the joint venture between Tata Motors and Marcopolo Group has change in Management, Marcopolo Group walks out of the JV and Tata Motors take control.
Crude touches $52 per barrel.
The biggest gainer for the day (Index stocks) HDFC +2.88%The biggest Loser for the day (Index stocks) Hindalco -2.23%
Gold(10gms) : 40,046 (+449)Silver(1 Kilo) : 67,461 (+1,550)
Petrol and Diesel prices remain unchanged for the day.