Any takers for weekly doji? thats an intersting way to end what has been a crzy week
Not exactly a doji. But kind of a indecisive week with both bulls and bears being hopeful for next week
Markets snapped their 3 day gaining streak to finish the final trading session of the week on a lower note. Ending the week with no substantial gains.
Brent Crude: 76.52 -0.10%
USD-INR Spot: 75.02 -0.29%
India 10Y bond yield: 6.46% 0.03%
Weekly trend:
Barring Nifty IT, all other sectors closed in red. PSU Bank was the top loser, dropping by over -1.9%.
Amongst the F&O stocks
Firstsource Solutions was the highest gainer.
L&T Finance Holdings was the top loser, down by over 6% on sale of its Mutual Fund business to HSBC.
In the news
L&T Finance Holdings will sell its mutual fund business L&T Investment Management Ltd. to HSBC Asset Management (India) for $425 million.
Data Patterns listed at over 47% to its issue price. Ending the day up by over 29%.
Vedanta group is planning to invest $15 billion over the next 5-10 years to make displays and semiconductor chips in India.
India’s Crude Oil imports hit a 10-month peak in November as refiners bank on strong demand.
Around the World
Japan’s cabinet approved on Friday an annual budget of $940 billion, putting priority on the response to battling COVID-19 over fiscal reform.
Turkish Lira recovered over 36% versus US Dollar after the Erodgan government announced billions of dollars in state-backed market interventions and a promise to cover FX losses on certain deposits.
This trade failed as the entry was a bit premature and news added to the fire. SL hit.
will look for better opportunities. have a great week ahead folks.
Cipla 880 to 1080 levels in turbulent markets in less than 3 months 
1 Like