Market Wrap Up 29th December 2020
The bull run continues in the markets as predicted yesterday, Sensex went +259.33 points and Nifty went +59.4 points.
Covid 19 New Strain enters India, 6 cases confirmed amongst people travelled from the UK, in lue of this the suspension of flights to and from the UK would get extended for further more days, at the same time speculations are ripe that flights to and fro to China may also get suspended.
Reports say that NPA’s of PSU Banks have a sharp fall, so 2021 is seem to be a crucial year on grounds of recovery in the economy.
Bajaj auto hit the mark of Rs. 1 Trillion Market Value, thanks to the exports of automobiles that the company has been doing majorly in times of the pandemic.
On the report of Tesla entering India, Battery companies in India gained up to 15% in the markets today. We have to wait for the official statement from the company in this regard.
The day’s biggest gainer was Indusind Bank as the same has gone up by +5.3% and the day’s biggest loser was Coal India as the same has gone down by 1.85%.
Gold (10 Grams) : Rs. 50,082 (+Rs, 69)Silver(1 KGrams) : Rs. 68,440 (-Rs. 377)
The Technical charts say markets have enough support for the bull run to continue, however, lets trade with caution.