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European stocks sink at open on Omicron crackdown
- In initial trade, London’s benchmark FTSE 100 index sank 1.9 percent to 7,133.15 points compared with the closing level on Friday.
- In the eurozone, the Paris CAC 40 index lost 2.1 percent to 6,782.16 points.
- Frankfurt’s DAX shed 2.4 percent to 15,154.44.
Following global trend, European stocks tumble up to 3%
Sensex off day’s low, still down 1,400 points
IPO market for 2022 is expected to be bigger with the likes of LIC, Ola, Byju’s and Delhivery expected to take the IPO route. India is home to 79 unicorns and 2021 alone gave birth to 42 unicorns. India is the third-largest startup hub in the world and has developed a strong ecosystem of entrepreneurs & venture capital investors, supported by favourable government policies, which will continue to feed into India’s accelerating IPO boom. The story has just begun, and the future looks quite bright.
– Mohit Ralhan, Managing Partner & Chief Investment Officer of TIW Private Equity
SUPRIYA LIFESCIENCE IPO subscribed over 13x
Omicron worries spur 2% slide in European stock futures
European stock index futures fell 2% on Monday amid a global sell-off in equities as investors fretted over rapidly rising COVID-19 cases due to the Omicron variant and the impact of tighter pandemic-related curbs on the global economy. Futures tracking Europe’s top 50 firms slumped 2.5%, with 29,149 contracts changing hands by 0708 GMT.
MARKET CRASH: Sensex, Nifty post biggest percentage fall since April
Equitas Small Finance Bank on Monday said it has been empanelled as a banking partner of the Government of Maharashtra to offer its services to the state government employees.
Price as on 20 Dec, 2021 01:04 PM, Click on company names for their live prices.
Ramkrishna Forgings to consider stock split on 18th Jan board meet
Price as on 20 Dec, 2021 12:55 PM, Click on company names for their live prices.
As Sensex tanks 1,700 points all stocks turn red
Domestic retail sales in November up 9% over pre-pandemic levels: RAI
- Retail sales in India in November grew by 9 per cent over the pre-pandemic levels of the same month in November 2019 signaling improvement in business albeit worries around Omicron variant spread and the third wave of the pandemic, according to industry body RAI.
- In its retail business survey, Retailers Association of India (RAI) said the growth witnessed last month was 16 per cent over the same month last year.
- Stating that retail businesses across regions have indicated growth in sales as compared to pre-pandemic levels, RAI said West India signaled 11 per cent increase, followed by East and South India at 9 per cent while North India indicated a growth of 6 per cent each as compared to sales levels in November 2019. (Source: PTI)
Shriram Properties Limited IPO opens at Rs 95, which is a discount of 19.5% to its issue price of Rs 118. Currently, the company is trading at price to book value of 1.83 times, which is attractive compared to other listing residential developers. We suggest investors to hold the stock if they have received the allotment and investor who has not received the allotment can buy at the current price.
– Yash Gupta, Equity Research Analyst, Angel One
Royal Enfield recalls 26,300 Classic 350 bikes to fix faulty brake part
Price as on 20 Dec, 2021 12:02 PM, Click on company names for their live prices.
SENSEX EXTENDS SLIDE, DOWN 1,400 POINTS
Axis Bank to raise up to Rs 5,000 cr via non-convertible debentures
Price as on 20 Dec, 2021 11:24 AM, Click on company names for their live prices.
JUST IN: Andhra Pradesh cuts taxes on liquor by 15-20% (Source: Informist)
Price as on 20 Dec, 2021 11:12 AM, Click on company names for their live prices.
JUST IN: ITI receives work order from Govt Of Tamil Nadu worth Rs 433 crore
Price as on 20 Dec, 2021 11:09 AM, Click on company names for their live prices.
Govt bans futures trading in 7 commodities to curb inflation
The Ministry of Finance has suspended the trading in Futures and Options (F&O) contracts of as many as seven agricultural commodities for one year to combat the rising inflation. The commodities put under the ban list include wheat, paddy (non-basmati), chana, mustard seeds and their derivatives, soya bean, crude palm oil and moong. No fresh positions (including intra-day) will be allowed in F&O contracts of commodities listed. No new F&O contracts will be launched till further notice, it added.
The lows of Friday was a ray of hope but the index has opened with a gap down this morning which cements the validity of a downtrend. The upside for the index is capped for the time being and every rally up can be used to short this market for a target of 16,400.
– Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
India VIX, barometer of future volatility, surged 12% to 18.34
LIC IPO to come during Q4
Some media speculation doubting the feasibility of LIC IPO this fiscal year is not correct. It is reiterated that… https://t.co/rbe1saaim6
— Secretary, DIPAM (@SecyDIPAM) 1639908826000
Sensex slides over 1,300 points; RIL, banks top drags
Sebi bars launch of new derivative contracts for wheat, few other commodities
Markets regulator Sebi on Monday directed stock exchanges not to launch new derivative contracts in wheat, crude palm oil, moong and few other commodities till further orders. The latest directive will come into force with immediate effect, according to a release. Launch of new contracts for the paddy (non-basmati), wheat, soya bean and its derivatives (its complex), crude palm oil and moong have been barred till further orders by the regulator.
The Shriram Properties IPO got listed at Rs 90 apiece which is a 23.73% discount to the issue price of Rs 118. Investors who are aggressive in their investing can hold the stock for the long term while short-term investors should take a stop loss of Rs. 80 on a closing basis.
– Santosh Meena, Head of Research, Swastika Investmart
BSE Smallcap tanks over 3%; here are the gainers & losers from the index
Nifty slips below 16,600
Tourism & hospitality stocks tumble amid rising Omicron fears
Price as on 20 Dec, 2021 10:06 AM, Click on company names for their live prices.
Shriram Properties to list at 20% discount to issue price
Nifty, Sensex both have entered the correction zone, down 10% from their highs
Sensex extends decline, down over 1,000 points
Future Group stocks rally up to 20% as Future Retail may use CCI order to get Amazon cases quashed
Price as on 20 Dec, 2021 09:26 AM, Click on company names for their live prices.
ITC said it has bought 8.70 per cent equity stake in Mother Sparsh Baby Care, a D2C Ayurvedic and natural personal care brand.
Price as on 20 Dec, 2021 09:25 AM, Click on company names for their live prices.
Morgan Stanley initiates coverage on Nykaa, PB Fintech with ‘equal-weight’
Price as on 20 Dec, 2021 09:24 AM, Click on company names for their live prices.
SECTOR WATCH: A sea of red
Top Sensex drags in opening trade
OPENING BELL: Sensex tumbles 750 pts, Nifty50 below 16,750; FRL, Future Consumer jump 20% each
Pre-open session: Sensex tanks 500 pts, Nifty50 below 16,850
SGX Nifty signals a negative start
Nifty futures on the Singapore Exchange traded 52 points, or 0.31 per cent, lower at 16,967, signaling that Dalal Street was headed for a negative start on Monday.
Tech View: Nifty charts hint at further weakness
Nifty50 on Friday resumed its downtrend, with the index slipping below its immediate support range, signalling more weakness ahead. The index has broken its 61.8 per cent retracement of the recent leg of the rise as well as the lower end of the rising channel on the hourly chart. Analysts said the index has support near its recent swing low of 16,782 and also at 16,450 level. They say upside looks capped at 17,300 levels.Read more at:https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty-charts-hint-at-further-weakness-support-seen-at-16780/articleshow/88342909.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Oil drops 2% as virus spread dims demand outlook
Oil prices slumped by about 2% early on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions on businesses to combat its spread may hit fuel demand. Brent crude futures fell $1.36, or 1.9%, to $72.16 a barrel by 0036 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.51, or 2.1%, to $69.35 a barrel.
Asia stocks, oil prices suffer as Omicron spreads
Asian share markets fell and oil prices slid on Monday as surging Omicron cases triggered tighter restrictions in Europe and threatened to drag on the global economy into the new year. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.4% and Japan’s Nikkei 0.7%. A seasonal lack of liquidity made for a bumpy start and S&P 500 futures led the way with a 0.7% drop.
Dollar shines as Omicron spreads
The U.S. dollar hovered near the highest since July of last year against major peers on Monday after a Federal Reserve official signaled a first pandemic-era interest rate hike could come as early as March. The dollar index, which measures the currency against six major peers, stood at 96.629, not far from the peak at 96.938 reached last month.
US stocks settled lower on Friday
Banks led another pullback for stocks on Wall Street Friday, as the market racked up its third losing week in the last four. The S&P 500 fell 1%, with three-quarters of the companies in the benchmark index closing lower. The Dow Jones Industrial Average fell 1.5% and the tech-heavy Nasdaq slipped 0.1%. The indices initially moved higher in choppy trading before settling into their latest losses.
Rupee firms up gains to end at 76.06 against dollar
The rupee pared its initial losses to settle marginally higher by 3 paise at 76.06 against the US dollar on Friday,…
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