{"id":9789,"date":"2021-01-22T15:41:54","date_gmt":"2021-01-22T10:11:54","guid":{"rendered":"https:\/\/www.mintyapp.in\/blog\/?p=9789"},"modified":"2022-01-20T18:15:55","modified_gmt":"2022-01-20T12:45:55","slug":"daily-market-analysis-22nd-jan-2021","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/daily-market-analysis-22nd-jan-2021\/","title":{"rendered":"Daily Market Analysis \u2013 22nd Jan 2021"},"content":{"rendered":"\n<ul><li>On day one of office, Joe Biden signs 15 executive orders mainly reversing Donald Trump\u2019s Key policies. Such as joining the Paris agreement on climate change, halting &nbsp;America\u2019s withdrawal from the World Health Organisation. His first order was launching a 100-day mask challenge for Americans\u2019 to control COVID-19 in the USA.<\/li><li>The most important bill for Indians was the Immigration bill and changes made for H1B visa holders. It proposes to eliminate the per-country cap for employment-based green cards, a move that would benefit thousands of Indian IT professionals whose current wait period for legal permanent residency runs into several decades.<\/li><li>The bill clears employment-based visa backlogs, recapture unused visas, reduces lengthy wait times, and eliminates per-country visa caps.<\/li><li>Indian IT professionals, most of whom are highly skilled and come to the US mainly on the H-1B work visas, are the worst sufferers of the current immigration system which imposes a seven percent per country quota on allotment of the coveted Green Card or permanent legal residency.<\/li><\/ul>\n\n\n\n<p>Also read: <a href=\"https:\/\/www.fintoo.in\/blog\/tax-planning-for-salaried-youngsters\/\">Tax Planning For Salaried Youngsters<\/a><\/p>\n\n\n\n<ul><li>Biocon reports a 17% drop in net profit YOY to Rs 186 cr. The share price of the stock is down by 9%. The primary reason stated for lower profit was the pandemic situation in FY 2020.<\/li><\/ul>\n\n\n\n<ul><li>Dr. Christiane Hamacher has stepped down as the Managing Director of Biocon Biologics Ltd, a subsidiary of Biocon Ltd. She has been replaced with Biocon veteran Dr. Arun Chandavarkar. Abu-Dhabi based company will invest up to 555cr with a 1.8% stake in Biocon.<\/li><\/ul>\n\n\n\n<ul><li>Two major international Funds have shown interest in the govt\u2019s entire majority stake in BPCL. The government will come up with price bids post evaluation of the firm on Technical ground. BPCL controls 35million tonnes a year of refining capacity and about 1\/5<sup>th<\/sup> of fuel retail markets.<\/li><\/ul>\n\n\n\n<ul><li>RBI Imposes Rs 2 cr penalty on Standard Chartered Bank. The reason was to delay in reporting the frauds to RBI. A notice was issued to the bank advising it to show cause as to why a penalty should not be imposed on it for such non-compliance with the directions. After considering the bank\u2019s revert, RBI decided to sustain and impose a monetary penalty.<\/li><\/ul>\n\n\n\n<ul><li>Bitcoin slumps 10% to a 10-day low, retreating further from record highs, fearing more regulation can possibly be levied under US President Joe Biden\u2019s administration. Biden shows the concern of cryptocurrencies can be misused to finance illegal activities.<\/li><\/ul>\n\n\n\n<p><em>A financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning without any cost on:&nbsp;<a href=\"http:\/\/bit.ly\/Robo-Fintoo\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/bit.ly\/Robo-Fintoo<\/a><\/em><\/p>\n\n\n\n<p><em>To Invest and keep regular track of your portfolio download: Fintoo App Android&nbsp;<a href=\"http:\/\/bit.ly\/2TPeIgX\" class=\"broken_link\">http:\/\/bit.ly\/2TPeIgX<\/a>&nbsp;\/ Fintoo App iOS&nbsp;<a href=\"http:\/\/apple.co\/2Nt75LP\">http:\/\/apple.co\/2Nt75LP<\/a><\/em>\u2018<\/p>\n\n\n\n<p><em><strong>Disclaimer:<\/strong>&nbsp;The views shared in blogs are based on personal opinion and does not endorse the company\u2019s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the sole decision of the investor and the company or any of its communication cannot be held responsible for it.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On day one of office, Joe Biden signs 15 executive orders mainly reversing Donald Trump\u2019s Key policies. Such as joining the Paris agreement on climate change, halting &nbsp;America\u2019s withdrawal from the World Health Organisation. His first order was launching a 100-day mask challenge for Americans\u2019 to control COVID-19 in the USA. The most important bill [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":12008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[503],"tags":[715,716,717,718],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Market Analysis \u2013 22nd Jan 2021 - Fintoo Blog<\/title>\n<meta name=\"description\" content=\"Market News; On day one of office, Joe Biden signs 15 executive orders mainly reversing Donald Trump\u2019s Key policies\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.fintoo.in\/blog\/daily-market-analysis-22nd-jan-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Market Analysis \u2013 22nd Jan 2021 - Fintoo Blog\" \/>\n<meta property=\"og:description\" content=\"Market News; On day one of office, Joe Biden signs 15 executive orders mainly reversing Donald Trump\u2019s Key policies\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.fintoo.in\/blog\/daily-market-analysis-22nd-jan-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Fintoo Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fintooapp\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-22T10:11:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-20T12:45:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.fintoo.in\/blog\/wp-content\/uploads\/2021\/01\/DMA-9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Avisha Shah\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FintooApp\" \/>\n<meta name=\"twitter:site\" content=\"@FintooApp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Avisha Shah\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.fintoo.in\/blog\/daily-market-analysis-22nd-jan-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/daily-market-analysis-22nd-jan-2021\/\"},\"author\":{\"name\":\"Avisha Shah\",\"@id\":\"https:\/\/blog.fintoo.in\/blog\/#\/schema\/person\/acb2fa692b9e5f1552e5ea92843a1687\"},\"headline\":\"Daily Market Analysis \u2013 22nd Jan 2021\",\"datePublished\":\"2021-01-22T10:11:54+00:00\",\"dateModified\":\"2022-01-20T12:45:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/daily-market-analysis-22nd-jan-2021\/\"},\"wordCount\":546,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/daily-market-analysis-22nd-jan-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.fintoo.in\/blog\/wp-content\/uploads\/2021\/01\/DMA-9.jpg\",\"keywords\":[\"Biocon reports a 17% drop in Net Profit\",\"Immigration bill for Indians\",\"Joe Biden reverses Trump key policies\",\"RBI imposes Rs. 2 crores penalty on Standard Chartered Bank\"],\"articleSection\":[\"Daily Market Analysis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blog.fintoo.in\/blog\/daily-market-analysis-22nd-jan-2021\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.fintoo.in\/blog\/daily-market-analysis-22nd-jan-2021\/\",\"url\":\"https:\/\/blog.fintoo.in\/blog\/daily-market-analysis-22nd-jan-2021\/\",\"name\":\"Daily Market Analysis \u2013 22nd Jan 2021 - Fintoo Blog\",\"isPartOf\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/daily-market-analysis-22nd-jan-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/daily-market-analysis-22nd-jan-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.fintoo.in\/blog\/wp-content\/uploads\/2021\/01\/DMA-9.jpg\",\"datePublished\":\"2021-01-22T10:11:54+00:00\",\"dateModified\":\"2022-01-20T12:45:55+00:00\",\"description\":\"Market News; 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