News Shots

The United States has begun the rollout of COVID-19 vaccine. It will be free for every resident, according to President Donald Trump.

Serum Institute say they are ‘hopeful’ of an emergency vaccine approval by December-end. India vaccination drive could begin from January.

Cipla has officially settled its case with Celgene in the US. As per the settlement deal, Celgene has agreed to provide Cipla with a license to Celgene’s patents required to manufacture and sell certain volume-limited amounts of generic lenalidomide in the United States beginning on a confidential date that is some time after March 2022.

KEC International has secured new orders of Rs 1,438 crore across its various businesses.

Global crude oil prices continue to go up, on hopes that a vaccine will increase demand as travel will get back to normal.

Delta Corp has received approval from a Goa government body for setting up of an integrated resort consisting of hotels, convention centre, multiplex cinema, retail area, electronic casino, water park and other facilities at Pernem, Goa.

Burger King India will be listing on the markets today. Issue saw overall subscription of over 150 times. A premium of 70-80% is expected above issue price. Let me know in the comments if you were able to get an allotment.

Tata Sons is expected to submit an expression of interest(EoI) by today to acquire national carrier Air India.

JSPL standalone production rises 15% year-on-year in November. Exports contributed 21% of the total sales volumes with 1.19 lakh tonnes. The company is looking into selling value-added products to improve margins.

Promoters of JSW Steel, JSW Energy, JSPL and Laurus Labs were seen revoking pledges on shares, last day.

Serum Institute Of India Private has again sold 4.38 lakh shares(0.72%) of Panacea Biotech at Rs 248.2 per share.

Adani Logistics has again sold 30.62 lakh shares (1.83%) of Snowman Logistics at Rs 64.92 per share. 

YES Bank is looking to build a brand around its credit card business and aiming to double its customer base in the segment in the next two years, the Head of its Credit Card Business Rajanish Prabhu has said.

Maruti Suzuki is looking to enter the diesel segment once again next year as the vertical continues to draw a lot of customers especially in the high selling SUV and multipurpose vehicle segments, as per industry sources.

The Finance Ministry is planning a Rs 14,500 crore capital infusion in the public sector banks (PSBs) in the fourth quarter of this financial year, PTI sources have said.

What to expect today?

On Friday, NIFTY witnessed a steep fall after noon to close in the red. The 13,400 support was taken again. Pharma and IT were the top losers. You can read all about Friday’s movements here.

In the same fall, Bank Nifty was better than Thursday and went down and took support at only 30,300. Both Nifty and Bank Nifty shot up towards the end of the day.

European markets have all closed in red. US Markets have closed almost flat. SGX NIFTY is trading at 13,580, which is 70 points higher, indicating a gap-up opening in the Indian Market. 

NIFTY is likely to trade between 13,450 and 13,650 today. 

Highest Call Open Interest at 14,000, followed by 13,500. Highest Put Open Interest at 12,000, followed by 13,000.

Foreign institutional investors (FIIs) net bought shares worth Rs 4,195.43 crore, and domestic institutional investors (DIIs) net sold shares worth Rs 2,359 crore in the Indian equity market on Friday.

Heavyweights HDFC Bank and Reliance fell again yesterday. HDFC Bank moving up higher will help Bank Nifty cross the 31,000 mark very easily. Reliance looks to be struggling to keep up above 2,000.

In the first half of Friday, Nifty was at a fresh all-time high but fell at 1:30 pm and regained. Comment down below on the mobile app if you witnessed this fall.

With good news coming from all sides of the world following rollouts of COVID-19 vaccine, markets can be bullish. Also, FIIs are looking bullish on the markets with non-stop buying. The day this trend reverses will be the day NIFTY falls heavily.

NIFTY is still expected to consolidate but FII money is still flowing in. What we may see is a lot of small-caps and mid-caps performing in the coming days with foreign money being pumped in to them. Follow us on marketfeed app’s livefeed section to get real time updates from the market. All the best for the day!