SMI Market Wrap Up 16th December 2020
The Bull Run in markets continues, Sensex touches the magical number 46,666.46 today and the same was up by 403.29 points and Nifty was up by 114.85 points.
Mrs. Bectors IPO is oversubscribed by 4.2 times, out of which retail sector is been subscribed by 8 times.
Google announces Work From Home (WFH) till September 2021 due to Covid, at the same time Infosys is talking about Hybrid Model of Working which could be a certain number of day, certain team members would be visiting the office or something similar (the exact details are yet to be revealed)
Google is in talks with Jio and Airtel to launch High-Speed Internet using Light Beam Technology.
Bangalore is the only city in India whose contribution to Direct Taxes has increased by 6.6% and India as a country overall Direct Tax collection has dropped by 17.6% for November 2020
Burger King again hits the circuit for the 2nd day in a row and since IPO has gone up by almost 170%
Gainer for the day: HDFC: 3.16%Looser for the day: ICICI: 1.08%
Gold(10Grams): Rs.49,760 (+317)Silver (1Kilo): Rs.66,349 (+1,496)
Pfizer vaccination gets approval in the USA for emergency usage, the same would be administered to patients in such situations.
Farmers reject Government Proposal and they also boycott products from Adani Group and Reliance Group, they are also not willing to use Jio SIM Cards.
Due to Vaccination Uncertainty, Crude oil touched $50 per barrel, the same may continue to go up next week if markets show any weakness.
TVS family look forward to rejigging their holdings across the group companies and channelise the same.
Days Biggest Gainer: ONGC: +5.62%
Days Biggest Loser: Devis Labs: -10.99%
Gold (10 Grams) Rs. 48,975 (-102)Silver Per Kilo: 63,024 (-506)
Diesel: UnchangedPetrol: Unchanged