View on market: Stay Cautious, be with quality business:

Asian stocks gained Thursday after U.S. shares rose, as concerns over omicron variant ease a bit. A trio of studies of preliminary data from Scotland, Imperial College, London and South Africa showed that omicron strain may be less likely to land patients in the hospital than the delta strain. Equities rose in Japan, Australia and South Korea. Trading volumes thinned in the run-up to Christmas. U.S. futures were little changed after the S&P 500 reached within touching distance of its record high. The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, rose 0.6% to 17,079.50, as of 8:20 a.m. Treasury yields were steady. Oil hovered around a four-week high $73 a barrel. Bitcoin slipped toward $48,000.

Economic Calendar:

  • INR: Foreign Exchange Reserve on 24th December, 2021.
  • INR: Infrastructure Output YoY on 31st December 2021
  • USD: Personal Spending MoM on 23rd December, 2021.
  • USD: Personal Income MOM Nov 23rd December, 2021.

Brokerage Radar:

CITI ON ZEE ENTERTAINMENT: Citi Maintain Buy with Target Price of Rs.395 Eyes on All the Approvals Now, Need To Monitor How Invesco Oppenheimer & Other Key Institutions Vote.

CLSA ON ZEE ENTERTAINMENT : CLSA has Buy call with Target Price of Rs.395 Merger Will Require Several Approvals Including 75% Of Zee’s Voting Shareholders It’s Still In Litigation With Large Minority Shareholder, Which Carries Associated Risks When The Deal Is Sealed,Valuation Is Likely To Return ToHistorical Highs Of 30x PE.


  • Remain neutral on Indian equities
  • Resilience of Indian equities has improved
  • Indian equity market should continue to command a higher valuation premium
  • Indian equities might experience some near-term de-rating
  • Bottom-up analysis of Nifty constituents paints a resilient picture
  • India’s corporate fundamentals have improved and may become even better
  • Domestic cyclicals such as private banks & large banks are preferred

International Markets:

U.S & Europe

Particulars 22nd Dec Chg Chg(%)
Nasdaq 15,521.89 180.8 1.18
Dow 35753.89 261.19 0.74
FTSE 7,341.66 44.25 0.61
CAC 7,051.67 86.68 1.24
DAX 15,593.47 146.03 0.95
Dow Fut.* 35782.30 28.4 0.08

Asian markets:

Particulars 23rd  Dec Chg. Chg(%)
SGX Nifty 17,079.50 101.5 0.6
Nikkei 28,651.46 89.25 0.31
Straits Times 3,098.57 11.06 0.36
Hang Seng 23,194.53 92.2 0.4
Shanghai 3,627.73 5.11 0.14

ADR Watch:

Particulars 22st Dec Chg. Chg.(%)
Dr Reddy 62.12 0.53 0.86
HDFC Bank 63.51 0.37 0.59
ICICI Bank 19.37 0.45 2.38
Infosys 24.53 0.31 1.28
Tata Motor 31.5 1.12 3.69
Wipro 9.41 0.11 1.18

Commodities & Currency:

Particulars Current Price Chg(%)
USD/INR 75.55 -0.05
Brent 75.66 0.08
Gold 1807.45 0.29
Silver 22.872 0.23


Particulars 22nd Dec 21st Dec
FIIs -872.26 -1209.82
DIIs 1593.41 1404.89

News Update:

Medplus Health Services : The company will make its debut on the bourses today. The issue price is fixed at Rs 796 per share.   .

Kotak Mahindra Bank : The bank’s subsidiary Kotak Mahindra Prime acquired the passenger vehicle financing portfolio of Ford Credit India, the Indian captive financing arm of Ford Motor company.

PSP Projects : Gujarat Pollution Control Board has granted consent to setting up of industrial plant for manufacturing of precast and the company has started manufacturing activities

Ceinsys Tech : The company announced the acquisition of Allygrow Technologies.

Inox Wind : The company’s board of directors will meet on December 27, 2021, to consider a proposal for raising funds.

Indiabulls Real Estate : The board of directors has approved raising funds aggregating up to Rs 1,500 crore.

Great Eastern Shipping Co :The company’s board of directors will meet on December 27, inter alia, to consider and approve a proposal for the buyback of equity shares of Great Eastern Co.

Vivanta Industries : The company has received an order from Vitaanova Healthcare Uganda, for the execution of a pharmaceutical project for manufacturing tablets, capsules and oral liquids on a turnkey basis including planning, designing, engineering, construction, supply, installation and commissioning of plant and machinery along with obtaining WHO approval. The entire project with an aggregate value of $5.9 million is to be completed within 18 months from the date of signing the contract.

Kolte-Patil Developers : The company’s board of directors has approved the merger of the two wholly-owned subsidiaries – Tuscan Real Estate and PNP Agotech into the company. Demerger of the retail business of its wholly-owned subsidiary Kolte-Patil Properties has also been approved along with the merger of the retail business into the company.

Axiscades Technologies : The company has approved the appointment of Shashidhar SK as Chief Financial Officer.


Source: Moneycontrol, Livemint,, Bloomberg, Investing

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