Top Market News Today: The new kicks off on a cautious note with rising Covid cases and Omicron scare spreading at an alarming rate. A gush of selling from the FIIs as investors bet bigger on gold and bonds as safety buys ahead of the global holiday season. Also up ahead this week - a rush of listings after last week's IPOs also on the cards.
Here are the headlines Dalal Street is reading -:
Omicron Spread
- Infections in the U.K. jumped more than 50% in a week
- Netherlands returns to a strict lockdown, non-essentials and schools shut
- Germany Health Minister: The country is already headed for a fifth wave
- UAE: Reported the highest number of daily infections since late September,
- Delhi records 107 new Covid cases, the highest daily rise since June 27
Where is the money moving?
- FIIs have sold over Rs 13,000 cr worth of Indian stocks in December so far.
- Total outflow from Oct-December at over Rs 33,000 cr
- Eight of the top-10 most valued companies suffered a combined erosion of Rs 2.6 lakh crore last week
Stocks in Focus
- Wipro replaces Bajaj Auto in the Sensex
- Five IPOs Shriram Properties, MapmyIndia, Metro Brands, Medplus Health Services and Data Pattern debut on exchanges this week
- India's largest cash management company CMS Info Systems to open IPO on December 21
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