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.