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Benchmark indices ended lower for the second consecutive session on December 20 on rising concern over Omicron variant.

At close, the Sensex was down 1,189.73 points or 2.09% at 55,822.01, and the Nifty was down 371.00 points or 2.18% at 16,614.20. About 621 shares have advanced, 2604 shares declined, and 97 shares are unchanged.

BPCL, Tata Steel, Tata Motors, IndusInd Bank and SBI were among the top Nifty losers. Gainers included Cipla, HUL and Dr Reddy�s Laboratories.

All the sectoral indices ended in the red with realty, bank, capital goods and metal indices fell 3-4 percent.  BSE midcap and smallcap indices shed over 3 percent each.

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Market is replicating last years Dec pattern. This is Good time to accumulate stocks. Buy now. Market will bounce back. Stay away from fear.

Nifty spot if holds above 16520 on closing basis then expect sharp upmove in coming sessions and close below above mentioned level will result in sluggish movement. Avoid open short positions for tomorrow.

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CRUDEOIL JAN is trading at 5104.If it breaks and trade below 5100 level then expect some more decline in it and if it manages to trade and sustain above 5120 level then some pull back can be seen in it.

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Nifty is showing some recovery now. Nifty is likely to show shar recovery in coming few sessions and is likely to hit back 17000+ level very soon. 

Nifty spot if manages to trade and sustain above 16600 level then expect some quick upmove in the market and if it breaks and trade below 16540 level then some decline can follow in the Nifty.

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GOLD Trading View:

GOLD is trading at 48486.If it breaks and trade below 48400 level then expect some decline in it and if it manages to trade and sustain above 48520 level then some upmove can follow in it.

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1. Shriram Properties shares list at 20% discount.

2. Snapdeal likely to file DRHP today, to raise Rs 1,250 crore in fresh issue

3. Supriya Lifescience IPO subscribed 9 times on final day, retail portion booked 37.28 times

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Free fall in market going on in the stock market. Nifty spot if breaks and trade below 16400 level then expect more decline in the market and if it manages to trade and sustain above 16480 level then some upmove can be seen in the Nifty.

Sensex crashed over 1800 points, Market suffer biggest single day sell off loss in 10 Months. Here are few reasons for todays fall:

1. Omicron Worries

2. Global Sell off

3. Policy Tightening

4. FII Selling Spree

5. Negative Sentiments

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COPPER Trading View:

COPPER is trading at 735.30.If it holds below 737.50 level then expect it to fall till 729-728 levels quite soon and if it manages to trade and sustain above 737.50 level then some pull back can follow in it.

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Nifty is still declining. Nifty spot if breaks and trade below 16540 level then expect some decline and if it manages to trade and sustain above 16580 level then some upmove can follow in it.

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1. Sensex sinks 1,250pts, Nifty near 16,600; financials fall sharply

2. Investors poorer by over Rs 11.23 lakh cr in 2 days of heavy market selloff

3. Crypto attracts more money in 2021 than all previous years combined

4. India Omicron count crosses 150, UK reports another 12,133 cases

5. Fintech unicorn Razorpays value jumps to $7.5 bn; up 7.5x in 15 months

6. ONGC scripts turnaround of subsidiaries, OPaL reports first profit

7. New licensing regime for UCBs on the cards after a 17-year standstill

8. Shriram Properties makes a weak debut, lists 24% below issue price

9. Future Group stocks rally 20% after CCI suspends Amazon deal

10. Sebi bars launch of new derivative contracts for wheat, other commodities

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1. Escorts

2. Indiabulls Housing Finance

3. Vodafone Idea

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Shriram Properties: The company will make its debut on the bourses on December 20. The issue price has been fixed at Rs 118 per share.

HLE Glascoat: The company successfully completed the acquisition of the global business of Thaletec GmbH, along with its wholly owned subsidiary Thaletec Inc., USA, after receiving all necessary regulatory approvals.

Zomato: The company has completed acquisition of 7.89% of Bigfoot Retail Solutions.

Indiabulls Real Estate: The company on December 22 will consider raising funds through issue of equity shares and/or any other convertible or exchangeable securities.

Future Retail: Competition Commission of India suspended Amazons deal with Future Group after it reviewed complaints that the American e-commerce giant concealed information while seeking regulatory approval.

Brookfield India Real Estate Trust: The REIT approved the acquisition of Seaview Developers, which owns Candor Techspace N2, a special economic zone located in Noida.

Ircon International: The company emerged as the lowest bidder for the project floated by National Highways Authority of India. The company entered into Share Subscription and Shareholders Agreement with Ayana Renewable Power for the execution of the project of setting-up 500 MW solar power plant through a joint venture company which will be incorporated by IRCON and Ayana.