By Aditya Raghunath
Investing.com: Trading slightly lower at 0.1% last look, indicating that the index will open in the red today. Yesterday, he gained 138 points to close at 13,466.30 while he shot up 452.73 points to close above 46,000.
At this time, investors are concerned about the new strain of coronavirus found in the UK that has led to the suspension of several flights to and from the country. He and other major U.S. markets were also weak on concerns about the new COVID-19 strain that is said to be up to 70% more infectious.
Now, it remains to be seen whether the vaccines are still effective against the new strain, although drug makers remain optimistic about it. The S&P 500 fell 0.2% while it was down 0.7%. Heavy technology gained 0.51%.
Oil, airline and hotel stocks could remain weak
Companies in the oil, airline, travel and hospitality sectors could remain weak as we approach the end of 2020. Spicejet Ltd (BO 🙂 shares fell 3.8% yesterday Interglobe Aviation Ltd Shares of (NS 🙂 were up 4.5%.
Oil fell in early trading on Wednesday after industry data showed oil stocks rose last week, defying expectations of a drop, and US President Donald Trump shook markets by threatening with not signing a long-awaited COVID-19 relief bill.
US West Texas Intermediate (WTI) crude futures fell 46 cents, or 1%, to $ 46.56 a barrel at 0142 GMT, while Brent crude futures fell 46 cents, or 0. , 9%, at $ 49.62.
Both contracts fell almost 2% on Tuesday, in a second straight session of declines, and barely managed to settle above $ 50 before the release of data from the American Petroleum Institute (API).
