Share Market News

GIFT Nifty:

The GIFT Nifty December futures contract is currently trading 34 points lower, suggesting a negative opening for the Nifty 50.

The Reserve Bank of India's Monetary Policy Committee (MPC) will conclude its three-day meeting today, December 6th, 2024. The outcome of the meeting, including any decisions on interest rates and monetary policy, will be announced by RBI Governor Shaktikanta Das by 10 AM.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 8,539.91 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 2,303.64 crore in the Indian equity market on 5 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 8500.07 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian shares were mixed on Friday. All eyes are on the U.S. nonfarm payrolls report due in the day that may help shape the direction of the Federal Reserve's policy path later this month.

In Asia, key economic data releases include India's interest rate decision and Malaysia's foreign reserves. China's November foreign reserves data may also be released today.

US stock markets pulled back from record highs on Thursday as investors took a cautious approach ahead of the payrolls report. The S&P 500 declined 0.2%, the NASDAQ Composite fell 0.2%, and the Dow Jones Industrial Average dropped 0.6%. Technology stocks, a major driver of recent market gains, retreated, while economically sensitive sectors like energy, financials, and industrials also lost ground.

US initial jobless claims rose to 224,000 for the week ended November 30th, up from the previous week's revised figure of 215,000.

The upcoming US nonfarm payrolls report will be closely watched by investors and policymakers alike. A strong reading could reinforce expectations of economic recovery and support further normalization of monetary policy.

Meanwhile Bitcoin tumbled from record highs above the coveted $100,000 level, as it was slapped with heavy profit-taking.

Domestic Market:

The domestic equity benchmarks advanced for the fifth consecutive session on Thursday, with the Sensex and Nifty closing at near two-month highs. IT and energy shares were in demand. The rally was fueled by expectations of a potential rate cut by the Reserve Bank of India (RBI) and liquidity measures to bolster economic growth.

The S&P BSE Sensex surged 809.53 points or 1% to 81,765.86. The Nifty 50 index jumped 240.95 points or 0.98% to 24,708.40. The 50-unit index has risen 3.32% in five sessions.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 31 points higher, indicating a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 1,797.60 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 900.62 crore in the Indian equity market on 4 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 5688.23 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian stocks were mixed on Thursday as investors grappled with ongoing political crises in France and South Korea.

Japanese and Australian equities advanced, while South Korean shares declined after the opposition party initiated impeachment proceedings against President Yoon Suk Yeol following his controversial declaration of martial law.

In France, Prime Minister Michel Barnier's government was ousted by lawmakers just three months after its formation, plunging the country into further political uncertainty. This follows President Macron's failed attempt to secure a parliamentary majority in recent elections, leaving him without a clear path forward.

Meanwhile, US stock markets closed at record highs on Wednesday, driven by strong earnings reports, particularly from Salesforce, and continued optimism surrounding tech giants like NVIDIA.

The S&P 500 rose 0.6% to a record high of 6,086.49 points, while the NASDAQ Composite rose 1.3% to a peak of 19,732.87 points. The Dow Jones Industrial Average ended up 0.7% at a record high of 45,014.04 points.

Federal Reserve Chair Jerome Powell's comments on the US economy also boosted investor sentiment. Powell expressed confidence in the economy's strength and indicated that the Fed may adopt a more cautious approach to future rate cuts.

Market participants are now eagerly awaiting the release of the US nonfarm payrolls report on Friday, which is expected to provide insights into the labor market's health and its potential impact on interest rate policy.

Domestic Market:

The domestic equity benchmarks concluded Wednesday's trading session with modest gains, marking their fourth consecutive day of upward momentum. The Nifty 50 index managed to hold above the 24,450 level. PSU banks, realty and financial services stocks were in demand. However, FMCG and auto shares declined. The Nifty 50 remained volatile throughout the day as investors adopted a cautious approach ahead of the Reserve Bank of India's (RBI) upcoming monetary policy announcement. While a positive sentiment prevailed for a significant portion of the session, profit-booking in select heavyweight stocks capped the upside potential.

The S&P BSE Sensex was up 110.58 points or 0.14% to 80,956.33. The Nifty 50 index added 10.30 points or 0.04% to 24,467.45.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 40 points higher, indicating a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 3,664.67 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 250.99 crore in the Indian equity market on 3 December 2024, provisional data showed.

According to NSDL data, FPIs have bought shares worth over Rs 304.56 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

The Dow Jones index futures were up 100 points, signaling a positive opening for U.S. stocks today.

Asian stocks were mixed on Wednesday following South Korean President Yoon Suk Yeol's surprising decision to impose martial law, a move that he reversed just hours later, unsettling global markets.

The benchmark Kospi Index dropped as much as 2% in early Wednesday trading, reflecting the sharp decline in South Korea-related assets during overnight sessions.

Yoon Suk Yeol's attempt to impose martial law on Wednesday was short-lived and met with significant resistance. Lawmakers defied security forces and voted against the declaration, while thousands of protesters took to the streets, expressing opposition to the unprecedented move.

In the US, indices reached record highs on Tuesday, driven by gains in major technology stocks, though the pace of the rally appeared to be slowing due to growing uncertainty about the economic outlook. The S&P 500 edged up 0.1% to close at 6,049.88, while the NASDAQ Composite rose 0.4% to finish at 19,478.89. In contrast, the Dow Jones Industrial Average dipped 0.2% to 44,705.53.

Technology stocks continued to benefit from optimism surrounding artificial intelligence, a sector expected to maintain robust momentum in the months ahead. Additionally, the prospect of lower interest rates provided further support for the tech-heavy market.

Meanwhile, investors are eyeing this week’s critical jobs data and Federal Reserve Chair Jerome Powell’s upcoming remarks for potential signals on whether the Fed will consider cutting rates in December.

Domestic Market:

Domestic equity benchmarks advanced on Tuesday, marking their third consecutive day of gains. The Nifty 50 index closed above the 24,450 level, driven by strong performances in the PSU bank and metal sectors. The rally has been fueled by optimism surrounding the government's increased capital expenditure spending and expectations of a favorable monetary policy decision from the Reserve Bank of India's Monetary Policy Committee meeting later this week.

The S&P BSE Sensex jumped 597.67 points or 0.74% to 80,845.75. The Nifty 50 index gained 181.10 points or 0.75% to 24,457.15. The 50-unit index has risen 2.27% in three sessions.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 4.50 points higher, indicating a flat-to-positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 238.28 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,588.66 crore in the Indian equity market on 2 December 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 2999.02 crore (so far) in the secondary market during December 2024. This follows their sale of shares worth Rs 39315.78 crore in November 2024.

Global Markets:

Asian equities rose on Tuesday, buoyed by positive sentiment from the US stock market. Investors are gearing up for a flurry of economic data and commentary from Federal Reserve officials, which will shape expectations for future interest rate decisions.

The US dollar rebounded from a three-day decline following a stern warning from the incoming administration to BRICS nations.

In the US, the S&P 500 extended its record-breaking streak, climbing 0.24%. The Nasdaq 100 gained 1%, while Tesla shares retreated in after-hours trading after a Delaware judge rejected a generous compensation package for CEO Elon Musk. The Dow Jones Industrial Average dipped 0.29%.

Tesla shares surged over 3%, building on recent gains. This followed Roth MTM's upgrade to "buy" from "neutral," which cited the potential benefits of the EV maker's CEO's close ties with the incoming administration.

Domestic Market:

The key equity benchmarks ended a volatile session on a positive note on Monday, rising for the second day in a row. The Nifty settled above the 24,250 mark after hitting the day’s low of 24,008.65 in early trade. The market opened on a cautious note but gained momentum in the second half of the trading session. Key sectors driving the rally included realty, consumer durables and healthcare. Positive Asian cues supported buying sentiment.

The S&P BSE Sensex advanced 445.29 points or 0.56% to 80,248.08. The Nifty 50 index gained 144.95 points or 0.60% to 24,276.05.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 70.50 points lower, indicating a negative opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 4,383.55 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,723.34 crore in the Indian equity market on 29 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 39315.78 crore in November 2024.

Global Markets:

The Dow Jones index futures were down 78 points, signaling a negative opening for U.S. stocks today.

Most Asian stocks advanced after US shares rose Friday as global markets enter a seasonally strong period.

Meanwhile, Chinese economic data pointed to a mixed picture. The country's factory activity expanded in November as the official manufacturing index picked up. However, the non-manufacturing sector slipped slightly. The value of new home sales fell last month from a year earlier to 363 billion yuan ($50 billion), reversing October gains. The stock market benchmark—CSI 300—closed Friday's session with gains of 1.14%.

US stock indices surged to record highs on Friday, driven by positive economic indicators and expectations of a Federal Reserve rate cut in December.

The S&P 500 rose 0.6% to a record high of 6,032.4 points, while the Dow Jones Industrial Average rose 0.4% to a peak of 44,910.65 points. The NASDAQ Composite rose 0.8% to 19,218.17 points, but remained below recent record highs.

Trump on Sunday threatened to impose “100% tariffs” on the BRICS bloc of countries, which includes China. Trump criticized the bloc’s attempts to form its own currency and shift away from the U.S. dollar, threatening to cut the bloc off from U.S. trade over the move. He called for commitments to the dollar from the bloc.

Domestic Market:

The domestic equity benchmarks staged a recovery on Friday, rebounding from the previous session's decline. A surge in pharma, infrastructure, and energy stocks buoyed market sentiment, pushing the Nifty index above the 24,100 level. However, analysts remain cautious, citing ongoing FII selling as a significant headwind. They advise investors to adopt a wait-and-watch approach and avoid aggressive buying until a clearer market trend emerges.

The S&P BSE Sensex soared 759.05 points or 0.96% to 79,802.79. The Nifty 50 index gained 216.95 points or 0.91% to 24,131.10.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 3 points lower, indicating a flat opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 11,756.25 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 8,718.30 crore in the Indian equity market on 28 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 30738.53 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

The Dow Jones index futures were up 125 points, signaling a strong opening for U.S. stocks today.

Asian shares fell on Friday as the yen strengthened due to expectations of a Bank of Japan rate hike following strong inflation data. Geopolitical tensions worsened with Russia's warning to strike Kyiv with new ballistic missiles, following its attack on the power system in Ukraine.

Tokyo's Core CPI inflation, which excludes volatile fresh food items, rose 2.2% year-on-year in November, government data showed on Friday. Headline CPI inflation surged 2.6% from 1.8% in the prior month. The BOJ is expected to raise interest rates in December after two historic hikes earlier this year.

Overnight, trading in U.S. equities and Treasuries was closed due to the Thanksgiving holiday.

Domestic Market:

The domestic equity benchmarks plummeted on Thursday, mirroring a mixed trend in global markets. The benchmark Nifty index crashed below the 23,920 level, primarily driven by a sharp decline in IT and auto stocks. IT stocks tanked amid concerns over potential policy shifts under the incoming US administration and uncertainty surrounding the future trajectory of US interest rates. A stronger US dollar further eroded investor sentiment. Additionally, aggressive profit-booking ahead of the month-end derivative expiry accelerated the market's downward spiral.

The S&P BSE Sensex tumbled 1,190.34 points or 1.48% to 79,043.74. The Nifty 50 index dropped 360.75 points or 1.49% to 23,914.15.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 11.50 points higher, indicating a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 7.78 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,301.97 crore in the Indian equity market on 27 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 29689.64 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

The Dow Jones index futures were up 77 points, signaling a positive opening for U.S. stocks today.

Asian stocks traded mixed on Thursday as investors adopted a cautious stance ahead of the US Thanksgiving holiday.

In a surprise move, South Korea's central bank lowered interest rates by 25 basis points. The bank cited concerns about slowing economic growth in the coming year.

US stocks ended lower on Wednesday, weighed down by a combination of economic data releases and holiday-related trading. The S&P 500 declined 0.4%, the NASDAQ Composite fell 0.6%, and the Dow Jones Industrial Average closed 0.3% lower.

The October PCE price index, the Fed's preferred inflation gauge, rose 2.8% year-over-year, remaining above the Fed's 2% target.

The US economy expanded at a 2.8% annual pace in the third quarter, driven by strong consumer spending and export growth.

Initial jobless claims dropped 2,000 to a seasonally adjusted 213,000 for the week ended November 23, indicating a tight labor market.

On the corporate front, HP slid 11% after the information technology company issued disappointing guidance for 2025, while Dell Technologies tumbled over 12% after the PC manufacturer offered up a disappointing revenue outlook for the current quarter despite bullish commentary from the company on AI sales growth.

Domestic Market:

The domestic equity indices ended Wednesday's session on a positive note, with the Nifty 50 index settling above the 24,250 mark. The index opened flat but dipped to an intraday low of 24,145.65 before recovering. Metal and energy stocks emerged as top performers, while pharma and healthcare shares declined. The positive market sentiment is primarily linked to expectations of strong second-half FY25 earnings. Globally, Asian markets displayed negative trend, influenced by potential US tariffs.

The S&P BSE Sensex rose 230.02 points or 0.29% to 80,234.08. The Nifty 50 index advanced 80.40 points or 0.33% to 24,274.90.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 25 points higher, indicating a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 1,157.70 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 1,910.86 crore in the Indian equity market on 26 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 31271.16 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

The Dow Jones index futures were up 75 points, signaling a positive opening for U.S. stocks today.

Asian stocks declined on Wednesday, weighed down by lingering concerns over Donald Trump’s tariff plans, which had rattled emerging markets in the previous session. Speculation about the role tariffs would play in the president-elect's economic agenda intensified as reports surfaced that Jamieson Greer, a protégé of Robert Lighthizer, was being considered for US Trade Representative. This selection underscores the administration’s focus on protectionist trade policies.

In Australia, the consumer price index (CPI) inflation grew by 2.1% year-on-year in October, falling short of expectations due to government subsidies that helped reduce energy costs. However, core inflation, represented by the annual trimmed mean inflation, rose to 3.5% in October from 3.2% the previous month, pushing further above the Reserve Bank’s target range.

US stocks advanced on Tuesday, as strength in technology shares counterbalanced worries about potential tariff escalations under Donald Trump’s administration. The S&P 500 climbed 0.57%, the Dow Jones Industrial Average rose 0.28%, and the NASDAQ Composite gained 0.63%.

Among the Magnificent Seven tech stocks, five closed higher, led by Amazon.com Inc., which surged over 3%. The rally followed reports from Bloomberg that Amazon plans to reduce its reliance on NVIDIA Corporation by developing its own custom artificial intelligence chips.

Investors also weighed mixed signals on U.S. interest rates. Minutes from the Federal Reserve’s November meeting revealed a split among policymakers regarding the path of future rate cuts. They highlighted uncertainty about the "neutral rate," a level that neither stimulates nor restricts economic growth, as a key factor for their cautious stance.

Domestic Market:

The domestic equity benchmarks snapped a two-day winning streak and ended marginally lower on Tuesday. The Nifty 50 index closed slightly below the 24,200 mark, while the Sensex also ended in the red. Despite mixed global cues, the benchmark indices opened higher, with the Nifty surpassing 24,300. However, the initial optimism quickly faded, and the indices spent most of the day in negative territory. A late buying spree helped to partially recover the day's losses. Sectorally, auto and pharma shares underperformed, while IT and FMCG stocks witnessed buying interest.

The S&P BSE Sensex shed 105.79 points or 0.13% to 80,004.06. The Nifty 50 index lost 27.40 points or 0.11% to 24,194.50.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 80 points lower, indicating a negative opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) bought shares worth Rs 9,947.55 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 6,907.97 crore in the Indian equity market on 25 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 40840.71 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

Asian stocks were mixed on Tuesday following U.S. President-elect Donald Trump's announcement of proposed tariffs on China, Mexico, and Canada.

Trump stated on his Truth Social platform that he plans to implement a 10% tariff on goods from China and a 25% tariff on imports from Mexico and Canada. He cited the need to address issues of illegal migration and drug trafficking across U.S. borders.

Key U.S. economic data is due this week, with the Federal Reserve releasing the minutes from its latest FOMC meeting on Tuesday and U.S. GDP data expected on Wednesday.

On Monday, U.S. stock benchmarks hit record highs. The Dow Jones Industrial Average rose 1%, the S&P 500 gained 0.3% to close at 5,987.40, and the NASDAQ Composite advanced 0.27% to 19,054.84. Markets were buoyed by the nomination of Scott Bessent as Treasury Secretary, continued flows into cyclical sectors, and reports of a potential ceasefire between Israel and Lebanon, which drove oil prices lower.

Investors are also awaiting the PCE Price Index, the Federal Reserve's preferred inflation measure, later this week. Trading volumes are expected to remain light due to the Thanksgiving holiday.

Domestic Market:

The domestic equity indices soared on Monday, extending their gains from the previous session. The Nifty 50 index surpassed the 24,200 mark, driven by strong performance across sectors, particularly PSU banks, energy, and realty. The market rally was primarily fueled by the Bharatiya Janata Party's landslide victory in the Maharashtra assembly elections. Investors were optimistic about the continuity of pro-business policies under the BJP-led government. Additionally, a reverse trade dynamic, triggered by sell-offs in Chinese stocks, further supported the Indian market's upward momentum.

The S&P BSE Sensex soared 992.74 points or 1.25% to 80,109.85. The Nifty 50 index jumped 314.65 points or 1.32% to 24,221.90. The Nifty 50 index has jumped 3.73% in two trading sessions.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 338.50 points higher, indicating a positive opening for the Nifty 50. This uptick comes on the back of the Bharatiya Janata Party (BJP)-led Mahayuti alliance's resounding victory in the Maharashtra Assembly elections, where it secured a comfortable and decisive majority.

The BJP-led Mahayuti alliance delivered a sweeping win in Maharashtra, with the BJP itself claiming a record-breaking 132 seats. In total, the Mahayuti won 235 out of the 288 assembly seats, comfortably crossing the majority mark and consolidating its position in the state.

On the other hand, the INDIA bloc, led by the Jharkhand Mukti Morcha (JMM), emerged victorious against the BJP-led NDA in the Jharkhand Assembly elections. The bloc won 56 out of the 81 seats, with Chief Minister Hemant Soren's JMM securing 34 seats, the Congress winning 16, and the RJD taking four seats. Additionally, the Communist Party of India (Marxist-Leninist) Liberation [CPI(ML)(L)], a constituent of the INDIA bloc, claimed two seats.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,278.37 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,722.15 crore in the Indian equity market on 19 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 41872.83 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

The Dow Jones index futures were up 252 points, signaling a strong opening for U.S. stocks today.

Asian stocks advanced on Monday following US President-elect Donald Trump's decision to nominate hedge fund executive Scott Bessent as Treasury Secretary. Market participants view Bessent as a balanced choice, one that could enhance stability in the US economy and financial markets.

Bessent has expressed support for Trump’s proposed tariff and tax cuts but is broadly expected to prioritize economic and market stability over political agendas. His nomination may help alleviate some of the global concerns regarding the broader impacts of Trump’s policies on international economies and currencies.

On Friday, US stocks moved higher as industries poised to benefit from the incoming administration’s pro-business and deregulation policies outperformed. The Dow Jones Industrial Average led major indices, gaining nearly 1% to close at 44,296.51 points. Meanwhile, the S&P 500 added 0.35% to finish at 5,969.30 points, and the NASDAQ Composite rose more modestly, inching up by 0.16% to 19,003.65 points.

Among individual stocks, Boeing Co. surged over 4%, boosting the broader industrials sector. The aircraft manufacturer’s gains came after it secured a $2.39 billion contract modification from the US Department of Defense.

Economic data released Friday pointed to steady momentum in the US economy. The S&P Global Manufacturing PMI for November rose slightly to 48.8 from October’s 48.5, signaling a slower contraction. Meanwhile, the more critical Services PMI jumped to 57.0 from October's 55.0, reflecting robust activity in the services sector. These figures, coupled with last week’s strong jobless claims data, reinforce the view of a relatively healthy US economy.

Looking ahead, Asian traders will focus on key economic indicators this week. Japan’s inflation data will be closely scrutinized after Bank of Japan Governor Kazuo Ueda hinted that December’s policy meeting could bring significant developments. Additionally, the Reserve Bank of New Zealand is expected to announce a rate cut on Wednesday, a move that could impact regional financial markets.

Domestic Market:

The domestic equity market concluded the session on a strong note, with the benchmark Nifty 50 index closing above the 23,900 level. A broad-based rally across sectors, led by IT, realty, and PSU bank stocks, propelled the indices higher. Strong US labor market data, signaling a rebound in job growth, boosted investor sentiment, particularly for IT stocks. Value buying in blue-chip stocks further contributed to the market's uptrend. The barometer index, the S&P BSE Sensex soared 1,961.32 points or 2.54% to 79,117.11. The Nifty 50 index surged 557.35 points or 2.39% to 23,907.25.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 68.50 points higher, suggesting a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 5,320.68 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,200.16 crore in the Indian equity market on 19 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 37766.34 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

Asian equities climbed on Friday, buoyed by Wall Street's gains and a tempered reaction to Nvidia Corp.'s revenue outlook. Bitcoin continued its upward move, nearing the $100,000 mark, while the US dollar strengthened.

Japan's manufacturing sector contracted for the fifth consecutive month in November, as indicated by the preliminary au Jibun Bank flash PMI, which fell to 49.0 from 49.2 in October.

Japan's October consumer price index (CPI) data revealed a slight uptick in headline inflation and a further rise in core inflation, surpassing the Bank of Japan's 2% target. This development fuels expectations of additional interest rate hikes.

US equities closed higher on Thursday, though tech stocks continued to face pressure following Alphabet's decline due to regulatory concerns. Uncertainty surrounding interest rates persisted, fueled by slightly elevated jobless claims and cautious remarks from Federal Reserve officials.

At the close in NYSE, the Dow Jones Industrial Average rose 1.06%, while the S&P 500 index gained 0.53%, and the NASDAQ Composite index gained 0.04%.

On the economic front, weekly jobless claims fell to 213,000 for the week ending 16th November, down from 219,000 the previous week. This data signals ongoing strength in the U.S. labour market.

Alphabet Inc. shares declined 0.4% in after-hours trading following a 4.7% drop during the regular session on Thursday. The Department of Justice (DOJ) has proposed that Google divest its Chrome web browser to mitigate its dominance in online search. Additionally, the DOJ recommended that Google share its data and search results with competitors and potentially sell its Android operating system. These recommendations follow a recent court ruling that declared Google's online search monopoly illegal.

The broader tech sector was also impacted by Nvidia's mixed third-quarter results. While the company exceeded earnings expectations on strong AI demand, it forecast a slower revenue growth rate for the current quarter.

Domestic Market:

Domestic equity markets experienced a significant decline on Thursday, with the Nifty index closing below the 23,350 mark. The market's decline was primarily driven by a combination of factors, including heightened geopolitical tensions and the fresh Adani Group crisis. PSU banks and metal stocks bore the brunt of the selling pressure, while IT and private bank stocks bucked the trend and witnessed buying interest. The barometer index, the S&P BSE Sensex fell 422.59 points or 0.54% to 77,155.79. The Nifty 50 index declined 168.60 points or 0.72% to 23,349.90.

GIFT Nifty:

The GIFT Nifty December futures contract is trading 154 points lower, suggesting a weak opening for the Nifty 50.

Shares of Adani Group companies will be watched. Indian billionaire Gautam Adani and his associates have been indicted by U.S. prosecutors for a massive bribery scheme. They allegedly bribed Indian officials more than $250 million to secure billions of dollars worth of solar energy contracts for Adani Green Energy. The indictment further accuses them of misleading U.S. and international investors about the bribery scheme during a 2021 bond offering. The U.S. Attorney's Office for the Eastern District of New York has charged them with wire and securities fraud.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 3,411.73 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,783.89 crore in the Indian equity market on 19 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 35867.85 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

Asian markets declined on Thursday, dampened by mixed signals from Nvidia's earnings report and heightened geopolitical tensions. Investors remained cautious, with concerns over Russia-Ukraine conflict weighing on sentiment.

U.S. stocks closed mixed on Wednesday, with Target's disappointing earnings and Nvidia's tempered guidance impacting investor sentiment. While the Dow Jones Industrial Average gained 0.32%, the S&P 500 index ended flat%, and the NASDAQ Composite index fell 0.11%.

Investors were rattled by a nearly 22% slide in Target after the retailer missed expectations for its September quarter earnings. Target steadied in evening trade, although its earnings also raised some questions over weakening retail spending.

Nvidia shares fell more than 1% in aftermarket trade to around $144.0, trimming some losses after falling as much as 2% just after its earnings. Earnings per share rose to $0.81 on revenue of $35.1 billion, higher than expectations of $0.75 in EPS and $33.09 billion in revenue.

Nvidia's quarterly results, while exceeding expectations, fell short of some analysts' hopes for a more significant beat. The company's guidance for the fourth quarter, though slightly above estimates, hinted at a slower pace of revenue growth, raising questions about the sustainability of AI-driven demand. This cautious outlook tempered investor enthusiasm and contributed to the broader market's subdued performance.

Market participants are now focused on a series of U.S. economic indicators, including jobless claims, home sales data, and the Purchasing Managers' Index (PMI). Additionally, several Federal Reserve officials are scheduled to speak, providing insights into the central bank's monetary policy outlook.

Domestic Market:

The domestic equity benchmarks staged a strong rebound on Tuesday, ending a seven-day losing streak. The Nifty 50 index closed above the 23,500 level, driven by buying interest in auto, realty, and media stocks. The recent sharp decline in the benchmarks had created oversold conditions, making them attractive to bargain hunters. Additionally, a slowdown in FII selling and consistent buying by domestic institutions further bolstered sentiment. Positive cues from other Asian markets also supported buying.

The barometer index, the S&P BSE Sensex rose 239.37 points or 0.31% to 77,578.38. The Nifty 50 index added 64.70 points or 0.28% to 23,518.50. The 50-unit index dropped 4.21% in past seven consecutive trading sessions.

GIFT Nifty:

The GIFT Nifty November futures contract is trading 54 points higher, suggesting a positive opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,403.40 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,330.56 crore in the Indian equity market on 18 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 33875.10 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

Asian stocks climbed on Tuesday as investors awaited key cabinet appointments from the incoming Trump administration. Meanwhile, market participants monitored shifts in US Federal Reserve policy expectations.

The probability of a rate cut at the December Fed meeting has decreased in recent days, as resilient economic data and potential inflationary pressures from the new administration’s policies could limit the scope for easing.

US stocks closed mixed on Monday. While the Dow Jones Industrial Average slipped 0.13%, the S&P 500 gained 0.39%, and the Nasdaq Composite Index rose by 0.60%.

Tesla shares surged over 5% following reports of the incoming administration's focus on autonomous vehicle development. NVIDIA stock closed 1% lower amidst reports of overheating issues with its upcoming AI chips, ahead of its third-quarter earnings report on Wednesday.

The upcoming week's US economic calendar is relatively light, with the key focus being the manufacturing and service sector PMI data due out on Friday. The National Association of Homebuilder's reported its housing market index for November rose to a reading of 46 versus 43 last month.

Domestic Market:

Domestic equity benchmarks continued their downward spiral on Monday, marking their seventh consecutive session of losses. The Nifty index closed below the 24,500 level, despite a brief surge to 23,606.80 earlier in the day. The sharp decline was primarily driven by a sell-off in IT and energy stocks. However, metals and FMCG sectors managed to buck the negative trend.

The barometer index, the S&P BSE Sensex declined 241.30 points or 0.31% to 77,339.01. The Nifty 50 index lost 78.90 points or 0.34% to 23,453.80. The 50-unit index dropped 4.21% in seven consecutive trading sessions.

GIFT Nifty:

The GIFT Nifty November futures contract is trading 90.50 points higher, suggesting a strong opening for the Nifty 50.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,849.87 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,481.81 crore in the Indian equity market on 14 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 32351.27 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

Asian stocks traded mixed on Monday as investors tempered expectations for Federal Reserve interest rate cuts following recent signs of US economic resilience.

Japanese and Australian shares fell. South Korea’s benchmark bucked the trend, led by Samsung Electronics Co.’s rally after it announced a stock buyback plan.

Later on Monday, traders will be watching a speech and media briefing by Bank of Japan Governor Kazuo Ueda for clues on the central bank's next policy move, particularly regarding the weakening yen.

United States equities were lower at the close on Friday, as the post-election rally faded. Strong economic data fueled concerns about fewer Fed rate cuts. At the close in NYSE, the Dow Jones Industrial Average lost 0.70%, while the S&P 500 index declined 1.32%, and the NASDAQ Composite index fell 2.25%.

Applied Materials dropped 9% after a disappointing earnings report, citing slowing demand from China.

US retail sales increased slightly more than expected in October, rising 0.4% last month above the 0.3% expected, and compared with the upwardly revised 0.8% advance in September. Robust consumer spending helped the economy maintain its strong pace of growth last quarter.

At the same time, US import prices unexpectedly rose in October, rebounding 0.3% last month after an unrevised 0.4% decline in September, the latest indication of lack of progress lowering inflation in recent months.

Domestic Market:

The headline equity benchmarks continued their downward trend on Thursday, marking the sixth consecutive day of losses. The Nifty 50 index settled below the 23,550 mark, having reached a day’s high of 23,675.90 during the morning session. FMCG, PSU banks, and pharma shares fell, while auto, media, and realty stocks gained. The S&P BSE Sensex declined 110.64 points or 0.14% to 77,580.31. The Nifty 50 index lost 26.35 points or 0.11% to 23,532.70, sliding below its 200-day simple moving average. The 50-unit index has fallen 3.89% in five sessions.

Domestic stock exchanges were closed on Friday, 15th November for Guru Nanak Jayanti.

GIFT Nifty:

The GIFT Nifty November futures contract is trading 44 points lower, suggesting a negative opening for the Nifty 50.

The National Stock Exchange (NSE) is set to add 45 new stocks to its futures and options (F&O) segment, effective November 29th. This expansion includes prominent names such as Zomato, DMart, and Jio Financial. Other notable additions to the F&O segment are: Adani Energy, Adani Green Energy, and Adani Total Gas, Bank of India, BSE, CDSL, LIC, Paytm, PB Fintech, and YES Bank, Cyient, KPIT Technologies, Tata Elxsi, Angel One, Delhivery, Hudco, Nykaa, Oil India, Tube Investments, JSW Energy, and Jindal Stainless.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 2,502.58 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 6,145.24 crore in the Indian equity market on 13 November 2024, provisional data showed.

According to NSDL data, FPIs have sold shares worth over Rs 29772.61 crore (so far) in the secondary market during November 2024. This follows their sale of shares worth Rs 1,13,858.81 crore in October 2024.

Global Markets:

Asian stocks declined on Thursday, extending a recent downward trend. Investors remain cautious as US inflation data pointed to persistent price pressures, raising doubts about the likelihood of future interest rate cuts. Meanwhile, hopes for additional stimulus measures in China have yet to materialize.

The initial post-election rally in US equities appears to be waning. On Wednesday, the Dow Jones Industrial Average added 0.11%, while the S&P 500 index climbed 0.02%, and the NASDAQ Composite index lost 0.23%.

US consumer price index (CPI) data for October came in line with expectations, but still indicated persistent inflationary pressures. The annual CPI rose to 2.6% from 2.4% in September. Core CPI, which excludes volatile food and energy prices, increased to 3.3% year-over-year.

While these figures still support the case for a December rate cut by the Federal Reserve, the longer-term outlook for interest rates remains uncertain, especially given the potential inflationary impact of Trump's policies.

Investors are now awaiting a speech by Fed Chair Jerome Powell for further guidance on monetary policy. The Fed cut rates by 25 basis points last week and reaffirmed its data-dependent approach to future easing.

Domestic Market:

The domestic equity benchmarks extended their losing streak on Wednesday, with the Nifty 50 index slipping into correction territory. This marks the fifth consecutive day of decline, pushing the Nifty over 10% below its all-time high of 26,277.35, achieved in September. Realty, PSU banks and metal shares tumbled. However, FMCG, and IT shares bucked the trend. The S&P BSE Sensex tumbled 984.23 points or 1.25% to 77,690.95. The Nifty 50 index declined 324.40 points or 1.36% to 23,559.60. The 50-unit index has fallen 3.78% in five sessions.