Market Preview Domestic Indices Market Snapshot Global Indices
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24-DEC-2020 Domestic Indices Market wrap up Domestic indices Key domestic indices ended with strong gains on Wednesday, index Close Prv close %Chg supported by rally in IT stocks. The Nifty closed above the crucial NIFTY 50 13,601.1 13,466.3 1.00 NIFTY SMALLCAP 50 3425.5 3327.15 2.96 13,600 mark. All the sectoral indices on the NSE ended in the NIFTY MIDCAP 50 5,757.5 5,598.5 2.84 green. Positive global cues boosted sentiment.The BSE Sensex NIFTY SMALLCAP 250 5881.8 5718.9 2.85 rallied 437.49 points to 46,444.18. The Nifty 50 index added NIFTY BANK 29,883.3 29,626.0 0.87 134.80 points or 1% to 13,601.10.HUL, ITC and Reliance NIFTY NEXT 50 31949.8 31417.3 1.69 NIFTY METAL 3,134.1 3,079.7 1.77 Industries advanced.The broader market rallied. The BSE Mid- INDIA VIX 20.5 21.99 -6.77 Cap index rose 2.40% and the BSE Small-Cap index gained Global indices 2.65%.Buyers outpaced sellers. On the BSE, 2,296 shares rose and 650 shares fell. A total of 151 shares were unchanged. index Close Prv close %Chg Global Market NASDAQ 11,854.0 11,849.3 0.04% The S&P 500 closed barely in positive territory on Wednesday as DOW 28,323.4 28,391.4 -0.24% CAC 40 5,495.0 5,407.1 1.60% an expected stimulus deal and falling jobless claims prompted DAX 11,137.0 10,919.8 1.95% investors to put their money into sectors most likely to benefit NIKKEI 25,527.0 24,985.8 2.12% from the economy re-opening when it recovers from the global HANG SENG 26,016.2 25,709.2 1.18% health crisis.The Dow Jones Industrial Average rose 114.32 NYSE 2,072.2 2,077.2 -0.24% FTSE 1,524.3 1,519.6 0.31% points, or 0.38%, to 30,129.83, the S&P 500 gained 2.75 points, or 0.07%, to 3,690.01 and the Nasdaq Composite dropped 36.80 As on 8.00 IST points, or 0.29%, to 12,771.11.Asian shares were set to rise on NiftyMarket Watch Snapshot Thursday ahead of the Christmas break, as global investors cheered a potential Brexit deal and economic recovery prospects, largely ignoring U.S. Market preview SGX Nifty indicate a positive opening for the index in India with a 32 points gain.pivot Support levels for the Nifty are placed at 13,482.37 and by 13,363.63.Resistance levels to watch out for are 13,669.67 and 13,738.23. Nifty Spot intraday 5 Min -1 News corner Corporate Emami units get GMP certification Two plants of home-grown FMCG company Emami Limited have got WHO-GMP certification for its units at Vapi and Masat at Gujarat which manufactures ayurveda healthcare products under the 'Zandu' brand for a period of three years.The two units have also obtained Certificate of Pharmaceutical Products (CoPP), the company said in a statement.The company said issuance of World Health Organisation - Good Manufacturing Practice (WHO-GMP) to the Emami units and CoPP for more than 40 such products under our Zandu brand umbrella, is a recognition and global testimony of the superior quality, safety and efficacy of the brand. Wipro rallied more than 5% on $700 million deal Shares of Wipro rallied more than 5 per cent intraday on Wednesday after the information technology (IT) major announced the signing of a $700 million deal to provide IT services to German food wholesaler Metro AG for five years. The deal, announced late on Tuesday, is initially for a period of five years, but can be extended by another four years. The company said that the deal would entail a minimum revenue commitment of $1 billion. Wipro has been aggressive in winning large deals since the management change Domestic Mrs Bectors Food Specialities to debut today Mrs Bectors Food Specialities, one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India, is expected to start the first trade with a bumper premium around 50-70 percent over its issue price of Rs 288 per share, experts feel. The Rs 540.54-crore public issue was subscribed 198.02 times during December 15-17, the highest subscription seen by IPO in 2020. International COMMODITY Oil prices rose more than 2% on Wednesday, boosted by draws in U.S. inventories of crude, gasoline and distillates that lifted investors’ hopes for some return in fuel demand.Brent crude futures rose $1.12, or 2.2%, to settle at $51.20 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose $1.1, or 2.3%, to settle at $48.12 a barrel. -2- Stock to watch Actions watch . Dish TV, Den Networks, GTPL Hathway, Hathway Cable etc in focus : Cabinet approved change in norms to allow 100 percent FDI in DTH Bonus services, saying DTH licence will be issued for 20 years and licence fee Company Ratio Ex.date VALLIANTORGA 1:1 24-DEC will be collected quarterly. Bharti Airtel : Company added 36.74 lakh users in October against 37.8 lakh additions in September, 2020. Major Dividends . Vodafone Idea : Company lost 26.56 lakh users in October against loss Company Div/Share Ex.date of 46.53 lakh users in September. GDL Rs.2.90 05-JAN . Reliance Industries : Reliance Jio added 22.28 lakh users in October HCLTECH Rs.2.00 21-JAN RVNL Rs 1.14 08-DEC against 14.61 lakh additions in September, 2020. VALIANTORG Rs. 5.00 23-NOV . Aurobindo Pharma : Company signs exclusive agreement with COVAXX to develop and commercialise COVID vaccine UB-612 for India and UNICEF. DERIVATIVES IN BAN PERIOD CANBK . Vedanta : Promoter Vedanta Holdings to buy up to 4.98 percent stake in Vedanta, source CNBC-TV18. 3i Infotech : Standard Chartered Bank sold 1 crore equity shares in company at Rs 5.15 per share on the NSE . Snowman Logistics : Adani Logistics continued to offload shares in company, selling another 11,36,974 equity shares in company at Rs RESULTS TODAY PTIL 53.04 per share on the NSE. SBTL . Swelect Energy Systems : Board approved the setting up of the wholly owned subsidiary (WOS) SWELECT Sun Energy Private Limited for execution of a solar power project Data Alert Thought of the day Overseas . US ADP employment report . Trade deficit “Wide diversification is only required when investors do not understand what they are doing.” Domestic Warren Buffett . Markit Services PMI OCT -3- Previous Tracker Disclaimer -5- .