Market Wrap Up 22nd December 2021

As predicted yesterday the profit booking has started and because of that the markets ended in the negative zone, Sensex closed -746.22 and Nifty closed -218.45
IPO Update: Indigo Paints IPO closed today with 113 times oversubscription and 186 times of QIB subscription.
Home First Finance Day2: subscribed by 1.6 times, out of which retail section subscribed by 2.3 times.
IRDA directs Insurers to cover Covid 19 Vaccination cost, but GIC objects for the same.
Tesla’s journey in India will not be a cakewalk as they have issues concerning supply chain and infrastructure, so potential JV can be expected with likes of Tata Motors, Ashok Leyland or Maruti Suzuki.
More than 12,000 reported positive for Covid19 after they were administered with the Pfizer vaccination in Israel.
Days Gainer: Bajaj Auto: +10.43%Days Looser: Axis Bank: – 4.64%
Petrol and Diesel both have been increased by around 26 paise in India.
Gold: 48,992 (-456) for 10 GramsSilver: 66,015 (-1,285) for 1 Kilogram
We would not be excited or surprised if markets show a short recovery on Monday.