Zubu Client Sentiment Nifty50 Report & Market Recap (Dec-21-2021)

Zubu Client Sentiment Nifty50 Report:

It is a Post Market Analysis, by which one can understand Retail trader’s sentiment and discover who was going long and short, the percentage change over time, and whether market signals are bullish or bearish

Zubu Client Sentiment Nifty50 Report Dec-21-2021

Nifty50 retail trader data shows 49.9% of traders are net-long, while the number of traders net-short was 50.10%. FII’s created huge longs 9657 & unwinded huge shorts -26570, while retailers unwinded huge longs -18463 & created huge shorts 10039.

Nifty50: 16,770▲+156 (+0.9%) Sensex: 56,319 ▲+497 (+0.8%)

After a debacle yesterday, markets made a comeback today. 39 stocks from the Nifty50 pack advanced. All Nifty sectoral indices closed in the green
Among the Nifty sectoral indices, Metal (+2.9%) and Media (+2.5%) were top gainers

Top gainers Today’s change
HCL Tech ▲ 4.3%
Wipro ▲ 3.7%
UPL ▲ 3.6%

Top losers Today’s change
Power Grid ▼ 1.7%
Axis Bank ▼ 1.0%
Bajaj Finance ▼ 0.7%

Vedanta acquires Goa based Nicomet

The mining major has, reportedly, acquired nickel and cobalt producer Nicomet for an undisclosed amount. With this, Vedanta not only becomes the country’s sole producer of nickel but also will meet 50% of nickel demand.

It is important to note here that both nickel and cobalt are vital inputs for manufacturing batteries for electric vehicles.

Adani Enterprises bags expressway projects

The flagship company of Adani group has won orders to develop six-lane highways under the Ganga Expressway projects in Uttar Pradesh.

The total construction of 464 kms is to be completed within 3 years. The project cost would be ₹17,085 crore. Adani’s road portfolio now has 13 projects with more than 5,000 lane kms and asset value exceeding ₹35,000 crore.

Hiring across industries sees uptick

India Inc’s hiring activity rose 9% year-on-year in November ‘21 aided by economic recovery, as per an industry report.

With the back-to-office trend picking up, the office equipment industry witnessed highest growth followed by telecom/ISP industry. On the other hand, the shipping industry witnessed a dip in hiring.

IPO corner

India’s largest cash management company CMS Info Systems’ IPO was subscribed around 35% on day 1. Retail investors flocked towards the IPO with the retail portion being subscribed more than 65%.

Closing bell

Indian markets bounced back today and so did major Asian and European indices. Interestingly, the Nifty50 index closed nearly at the same level where it opened. Technically speaking, this indicates that the bulls and bears are in a standoff. The break on either side of today’s range (high-low) will decide the direction which traders could take.

Important chart to be look at

US Sentiment