Asian Markets move higher as investors watch development on the Covid-19 vaccine front.
The New peak Margin norms come into effect today as the rules from now onwards will reduce intraday leverage as the broker will now take snapshots of the Client's position four times at random and a penalty will be imposed if the margin is over 25%.
Autosales for the month of November will be released today. Sales are expected to show an upward trend led by a rise in personal mobile sales as well as strong festive demands.
India’s Coronavirus count crosses 94 lakh.
PM Modi continues to meet vaccine developers including Dr.Reddy’s which has a tier for Russia Sputnik vaccine.
Friday, PM also calls for an all-party meeting..
Meanwhile, US pharma major Moderna claims its vaccine is more than 94% effective. Plans to request US drug regulators for emergency clearance.
Thousands of farmers continue the protest on the capital outskirts government to hold talks with the farmers today and discuss the next course of action.
Pharma stocks will be in focused today.
Glenmark divests selected brands to Dr.Reddy’s in Russia in anti-allergic portfolio Ukraine, Kazakhstan & Uzbekistan.
Apart from that India bulls housing finance will also be in focus, company raises Rs.93 crore by selling part of Oak North Holding and so far the company has raised Rs.26 crore in the last three months.
Let's expect good from this month!
Have a Happy trading day ahead.
