Market Wrap Up 7th January 2021
Markets were in Negative zone for most of the day, Sensex closed at -80.74 Points, Nifty closed -8.9 Points.
Reports say 2 people died in Norway, they had received Covid Vaccination from Prizer recently.
4,400 people report adverse reports in the US after Covid Vaccine from Pfizer Bion-tech has been administered to them, so the WHO may take a call on further course of action on the vaccination drive or companies working/selling vaccinations across the world.
Oil rises as supply constraints remain a matter of focus, as OPEC+ is yet to decide on the quantum of output in near future.
Hydrabad’s office Market records 640% increase in business during the quarter of Oct-Dec 2020. Seems like Work From Home has not dented demand for the office space, similar stories may be reported from Bangalore real estate space is what the sources of speculation says.
Elon Musk could shortly replace Jeff Bezos as the richest main globally after the surge in valuation of Electric Car Company Tesla.
Electric 2 wheeler business in India has grown negative and the same has reported a drop in sale of 5.46% in 2020.
Days Gainer: Tata Steel +5.4%Days Loser: Nestle -2.10%
Gold (10Gms): Rs. 50,860 (+351)Silver (1 Kilo): Rs. 69,885 (+468)
Petrol gone up by 25 paise/liter and Diesel gone up by 28 paise/liter