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.