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)