Market Preview Domestic Indices Market Snapshot Global Indices
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22-DEC-2020 Domestic Indices Market wrap up Domestic indices Key equity indices corrected sharply on Monday, tracking weak index Close Prv close %Chg NIFTY 50 13,328.4 13,760.6 -3.14 global cues. All sectoral indices on the NSE ended in the red. NIFTY SMALLCAP 50 3308.85 3480.9 -4.94 PSU stocks, banks and metal shares witnessed major selling. NIFTY MIDCAP 50 5,536.7 5,861.5 -5.54 The barometer index, the S&P BSE Sensex, lost 1,406.73 points NIFTY SMALLCAP 250 5665.45 5957.85 -4.91 or 3% to 45,553.96. The Nifty 50 index slumped 432.15 points or NIFTY BANK 29,456.5 30,714.7 -4.10 NIFTY NEXT 50 30971.5 32082.75 -3.46 3.14% at 13,328.40. In the broader market, the BSE Mid-Cap NIFTY METAL 3,038.3 3,216.6 -5.54 index dropped 4.14% and the BSE Small-Cap index lost INDIA VIX 23.19 18.62 24.52 4.57%.Sellers outnumbered buyers. On the BSE, 592 shares Global indices rose and 2,433 shares fell. A total of 167 shares were unchanged. index Close Prv close %Chg Global Market NASDAQ 11,854.0 11,849.3 0.04% The S&P 500 closed lower on Monday, having clawed its way DOW 28,323.4 28,391.4 -0.24% CAC 40 5,495.0 5,407.1 1.60% back from steep losses early in the session as investors juggled DAX 11,137.0 10,919.8 1.95% the outbreak of an ominous new strain of COVID-19 with the NIKKEI 25,527.0 24,985.8 2.12% passage of a long-anticipated stimulus package.The Dow Jones HANG SENG 26,016.2 25,709.2 1.18% Industrial Average rose 37.4 points, or 0.12%, to 30,216.45, the NYSE 2,072.2 2,077.2 -0.24% FTSE 1,524.3 1,519.6 0.31% S&P 500 lost 14.49 points, or 0.39%, to 3,694.92 and the Nasdaq Composite dropped 13.12 points, or 0.1%, to 12,742.52.Asian As on 8.00 IST NiftyMarket Watch Snapshot shares were poised for a weaker start on Tuesday, while oil prices fell, as investors worried a highly infectious new strain of COVID-19 that shut down much of Britain could lead to a slower economic recovery.. Market preview SGX Nifty indicate a positive start for the index in India with a gain of 166 points.. a number of stock-specific developments are likely to trigger some key movements in stocks.Support levels for the Nifty are placed at 13,688.47/ 13,616.43.Resistance levels to watch out for are 13,802.67 / 13,844.83. Nifty Spot intraday 5 Min -1 News corner Corporate Tata Motors increases prices of commercial vehicles Tata Motors announced that there will be a price increase across its commercial vehicle range, effective 01 January 2021.The steady rise in material and other input costs, impact of forex and transition to BS6 norms, have cumulatively escalated thecost of manufacturing vehicles. The company had thus far been absorbing the addition in costs but with their steady rise in linewith market trend, it has become imperative to pass at least some portion of the cost increase to customers via appropriateprice revisions. GTPL Hathway hikes stake holding in GTPL Abhilash GTPL Hathway announced that the company's shareholding in GTPL Abhilash, Subsidiary of the Company, has increased from 51.00% to 70.88% pursuant to conversion of 17,06,245 Cumulative Convertible Preference Shares (CCPS) into equivalent number of equity sharesof Rs. 10 / - each on 21 December 2020 as per Share Purchase cum Shareholders' Agreement dated 23 September 2017. Domestic Prime Minister Calls On Industry to Increase Domestic Investment Drastically Prime Ministe Narendra Modi delivered the keynote address at ASSOCHAM Foundation Week 2020, today via video conferencing. Addressing the gathering the Prime Minister commended the business community for their contribution to nation-building. He said now the industry has complete freedom to touch the sky and urged them to take full advantage of it, put your full strength in the coming years for a self-reliant India, he said. The Prime Minister said the country today is with Enterprise and Wealth Creators giving opportunities to crores of youth. The Government is continuing efforts to build an efficient and friendly Ecosystem. He urged the industry to ensure that its benefits reach the last mile by bringing reforms within the industry like more inclusion of women and young talent, adopting the best practices of the world as soon as possible, corporate governance and profit sharing. International COMMODITY Oil prices tumbled on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand. -2- Stock to watch Actions watch . KPR Mill : The company will invest Rs 500 crore for expansion of sugar mill operations. Bonus . Reliance Industries : RIL and BP announced first gas from Asia's Company Ratio Ex.date HATSUN 1:3 09-DEC deepest project. Project is expected to meet 15 percent of India's gas demand by 2023. APL Apollo Tubes : Rohan Gupta acquired 11.25 lakh equity shares in Major Dividends company at Rs 770 per share. However, promoter APL Infrastructure sold Company Div/Share Ex.date same shares at same price on the NSE. GIPCL Rs.2.90 03-DEC . Compuage Infocom : Kitara India Micro Cap Growth Fund sold 4 lakh GICHSGFIN Rs.2.00 03-DEC RVNL Rs 1.14 08-DEC equity shares in company at Rs 15.27 per share on the NSE. VALIANTORG Rs. 5.00 23-NOV . Indian Terrain Fashions : Malabar India Fund sold 2.15 lakh equity shares in the company at Rs 35.54 per share on the NSE. JK Tyre & Industries : Edgefield Securities sold 16,02,094 shares in the DERIVATIVES IN BAN PERIOD CANBK company at Rs 73.14 per share on the NSE . Mindspace Business Parks REIT : The Vanguard Group Inc A/C Vanguard Emerging Markets Stock Index Fund A Series of V I E I F acquired 51,19,600 equity shares in company at Rs 321.88 per share on the NSE. Salzer Electronics : Puja Mukul Varma sold 1,08,575 shares in RESULTS TODAY PTIL company at Rs 119.82 per share on the NSE. SBTL . Snowman Logistics : Adani Logistics sold another 15,14,628 equity shares in company at Rs 56.54 per share on the NSE. 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- .