Investors are closing in on the year by locking in some profits after global equities jumped 17%. Coronavirus, Federal Reserve policy tightening and China’s outlook are among the major risks for next year. Concerns about Omicron are being eased by growing evidence that the rapidly spreading variant appears milder in nature.
Sensex in the open
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Nifty in pre-open
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market in pre-open
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Day Trading Guide for Wednesday
3 stocks To buy or sell today — December 29th.
₹2.75 to ₹178.30: Multibagger penny stock goes from ₹1 lakh to ₹65 lakh in a year
Despite the world battling the heat of the Covid-19 pandemic, the Indian equity market soared to record highs in 2021 delivering a good number of multibagger stocks. Interestingly, this rally in the stock market was participatory as few are included in the list of multibagger stocks in India. penny stock too. The share of Tata Teleservices is one such multibagger penny stock which has increased from from 2.75 178.30 per share level, appreciating nearly 65 times in a year’s time.
These 5 Stocks Are Top Picks for 2022, Analyst Says
We will enter the new year 2022 in a few days. We seem to always be making new lists – be it personal or financial. Stock market analysts are scouring the markets, finding their favorite stocks and preparing their list of ‘top picks’.
Top Stock Recommendations SBI, GAIL, HDFC Bank, TCS among others for the upcoming year 2022.
Cryptocurrency prices declined today. Bitcoin Below $48,000, Dogecoin, Shiba Inu Fall Over 5%
Bitcoin extended losses, with the world’s most popular and largest cryptocurrency by market capitalization trading down 5% in December to $47,912 as it fell below $50,000 on Tuesday. Bitcoin, known for its volatility, has fallen by more than $21,000 since setting a record in early November, and is up nearly 64% (y-to-date or YTD) in 2021. Check latest prices,
3 stocks under NSE’s F&O Sanctions List for today
RBL Bank, Vodafone Idea and Indiabulls Housing Finance are the three stocks that are banned for trading by the National Stock Exchange (NSE) under the Futures and Options (F&O) segment on Wednesday, December 29, 2021. According to NSE, these securities have been banned under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL).
Market View: Sameet Chavan (Chief Analyst – Technical & Derivatives, Angel One Ltd.)
Nifty enters critical zone, now all eyes are on financials
After a great recovery yesterday (Monday), there was a good opening today (Tuesday), which cites the positive mood around the world. The index extended its opening lead slightly and crossed the 17200 mark and then slipped into a consolidation mode. Suddenly some profit-booking in the last hour led to a sharp fall in the market. Fortunately this minor drop was bought as Nifty reclaimed 17200 to end the session high of the day.
Last week, around the same time, things were looking a bit bad, but in such a short span of time, we are back in a comfortable safe zone above 17000. Now with the recent price development, the base has moved towards 17000 – 16800 and as long as we don’t slide below it, nothing to worry about. Prior to this, 17100 is to be considered as intraday support. On the other hand, Nifty has now entered a major resistance zone of 17200 – 17300. With reference to the recent comment, if the bulls are to gain their dominance, they need to conquer this strong wall with some authority. To achieve this, it needs solid support from the banking giants, as the initial uptick in the market was primarily driven by the IT counters and now is the time to prove the importance of the financial space. Let’s see how things pan out over the next few seasons as we not only approach the end of the monthly but the calendar year as well.
According to us, if any major action has to be taken, it will be done in the new year itself. Therefore, for the next few days, the practical approach would be to focus on different topics that are consistently providing better trading opportunities.
Stocks to watch: RIL, Airtel, ITC, Tata Consumer, Sun Pharma
here is List of Top 10 Stocks Likely to be in focus on Wednesday:
SGX Nifty futures is trading 49 points (0.28%) higher at 17,266.50 in opening deals
Asian stocks fall
Most Asian stocks fell on Wednesday as a technology sell-off on US equities and investors assessed the outbreak of the Omicron virus-strain.
Shares fell in Japan, technology stocks declined in Hong Kong, and China declined. US futures were volatile after the S&P 500 and Nasdaq 100 weakened on Tuesday, extending four sessions of gains. Volumes remained low in some markets till the end of the year.
Sentiment in China is weakening on a tighter watch on economic risks from overseas stock sell-offs and a slump in assets. Officials expect to add incentives for continued expansion next year.
Treasury yields fell and the dollar gauge moved higher. Crude oil was at nearly one-month highs partly on the condition that the global correction will be out of Omicron. Bitcoin was near $48,000 after a fall indicating less enthusiasm for the most speculative asset.
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