2022 trade kick starts with the market building another year of immunity against raging spread of Omicron. Amid muted volumes focus remains on the upcoming earnings season, auto stocks with sales numbers, and a strong lineup of IPOs in the first quarter of this year.
• Omicron spread continues, Mumbai registering 8,063 of the fresh infection but BMC alerts 89% cases remain asymptomatic
• State-wise curbs increase, West Bengal cuts flights from Delhi and Mumbai to twice a week
• Auto sales in focus: Maruti Dec sales down 4%, Hero Moto sales skid 11%
• Earnings season kicks off Jan 12 - TCS, Wipro Infosys
• IPO craze to continue; 23 firms line up public issues worth Rs 44,000 cr in Jan-March
• Market focus on Budget by January end as precursor to crucial state elections
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