Stock Market: Trade Setup for Monday(Dec 21, 2020)

Top 10 things to know before Opening Bell

Smriti Singh

Published in

Dstreet Games

5 min readDec 18, 2020

Global Indices

Europe Indices

European markets finished mixed as of the most recent closing prices. The CAC 40 gained 3.37%, while the FTSE 100 led the DAX lower. They fell 02.55% and 4.17% respectively.

Asian Indices

Asian markets finished lower today with shares in Hong Kong leading the region. The Hang Seng is down 0.67% while China’s Shanghai Composite is off 0.29% and Japan’s Nikkei 225 is lower by 0.16%.

Indian Indices

NSE

BSE

The Nifty closed with a gain of 20 points, or 0.14 percent, at 13,760.55. BSE midcap and smallcap indices closed 0.35 percent and 0.24 percent lower.

Indian Sector Indices

NSE

BSE

BSE IT index closed 1.70 percent higher. On the flip side, BSE telecom fell over a percent, so did finance, oil & gas and realty.

Top Gainers & Losers

Gainers

Losers

Positive setup was seen in Pidilite Industries, Page Industries, Dr Reddy’s Labs, Cummins India, Biocon, Infosys, Bajaj Auto, Titan, Asian Paints and Cipla, while weakness was seen in RBL Bank, Bharti Infratel, Shriram Transport Finance, Maruti Suzuki and Petronet LNG

ADR’s and FII/DII data

ADR

Cash FII/DII

F&O FII/DII (Index)

F&O FII/DII (Stocks)

Ahead of Market

Infosys divests part of its stake in Whoop for $10 million

・IT services major Infosys on December 18 said it has divested one-third of its holding in US-based Whoop for about $10 million (about Rs 73.5 crore). In 2015, Infosys had announced making a $3 million investment in US-based wearable device startup Whoop for a minority shareholding in the company.

Razorpay eyes $50 billion digital payment volume by December 2021, launches new products

・Fintech major Razorpay on Friday said it has seen a strong growth in business over the past few months and aims to clock $50 billion in total payment volume (TPV) by the end of 2021. The company also announced a slew of solutions, including offering a multilingual checkout page that will help non-English speaking customers to complete transactions in vernacular languages.

・Currently, the company processes payments worth $30 billion, and this number is set to touch $50 billion in the next one year, he said. Mathur said the company has been working on introducing solutions that can help businesses, especially small and medium businesses (SMBs).

・These solutions bring in agility and flexibility in business’s financial operations and cater to their payments and business banking needs, he added. The first solutions will help deliver a localised payment experience to customers with a multilingual checkout page for completing financial transactions.

Zomato raises $660 million at a valuation of $3.9 billion

・Food delivery startup Zomato on December 18 closed a $660 million primary financing round, valuing it at $3.9 billion, said its founder Deepinder Goyal.

・Ten new investors, including Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview, participated in the funding round, he annonced on the microblogging site Twitter.

・On top of this $660 million, Zomato is also in the process of closing a $140 million secondary transaction and has already provided liquidity worth $30 million to its ex-employees, he added.

Stock Market Highlights

ZEE shares rise 2% on acquisition distribution business from Zee Studios

・Zee Entertainment Enterprises (ZEE) share price rose over 2 percent intraday on December 18 after the company’s board approved the acquisition of film production and distribution business from Zee Studios.

・The company approved the acquisition of film production and distribution business as a going concern, on a slump sale basis from Zee Studios Limited (formerly known as Essel Vision Productions Limited), a wholly-owned subsidiary of the company, for a cash consideration of Rs 275 crore, the company said in the release.

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