Tata Steel, UPL, Tata Motors: Bear grip firm on stocks with UK exposure

A Gap down closing on December 21, 2020 dismantled the upside bias in Tata Steel stock

A newly mutated coronavirus is creating havoc in the United Kingdom (UK) with nearly 30 countries, including India, imposing travel ban to and from the island country. A new variant of Sars-Cov-2 has been found in the UK and is reportedly "out of control", an announcement that set off alarm bells across the global markets.

Bears were raging at the bourses for second straight day on Tuesday as a possible stall in the economic recovery, and concerns that authorised vaccines may not work against the new strain worried investors. The benchmark S&P BSE Sensex slipped over 440 points in the intra-day