{"id":20908,"date":"2024-11-28T10:18:05","date_gmt":"2024-11-28T04:48:05","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=20908"},"modified":"2024-11-28T10:35:12","modified_gmt":"2024-11-28T05:05:12","slug":"market-morning-notes-for-28th-november-2024","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/market-morning-notes-for-28th-november-2024\/","title":{"rendered":"Market Morning Notes For 28th November 2024"},"content":{"rendered":"\n

Market Commentary<\/h2>\n\n\n\n

Global markets<\/strong> – The Dow Jones Industrial Average and the S&P 500 lost momentum and continued to decline following Tuesday’s record highs against the backdrops of economic data being assessed by the market. The Dow Jones slipped by 0.3 pct, while the Nasdaq also fell by 0.6 pct.<\/p>\n\n\n\n

Global Indices<\/strong><\/td>  % Change<\/strong><\/strong><\/td><\/tr>
 <\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td>YTD<\/strong><\/strong><\/td><\/tr>
Dow Jones<\/td>44,722<\/td>-0.3<\/td>18.7<\/td><\/tr>
Nasdaq<\/td>19,060<\/td>-0.6<\/td>27.0<\/td><\/tr>
Hang Seng<\/td>19,409<\/td>-1.0<\/td>13.9<\/td><\/tr>
Nikkei<\/td>38,295<\/td>0.4<\/td>14.4<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Commodities<\/strong> – Gold fell below USD 2,630 an ounce, trimming some recent gains as investors continued to pore over the latest US economic data. Oil prices slipped a little lower, after an unexpected surge in US gasoline inventories before the Thanksgiving holiday raised concerns about demand in the world’s largest consumer of the motor fuel.<\/p>\n\n\n\n

Commodities                                                              % Change<\/strong><\/strong><\/td><\/tr>
 <\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td><\/tr>
Gold ($)<\/td> 2,635<\/td>0.1<\/td><\/tr>
Silver ($)<\/td>30.07<\/td>-1.1<\/td><\/tr>
Brent Crude ($)<\/td>72.32<\/td>-0.2<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Moving Averages<\/strong><\/strong><\/td><\/tr>
 <\/td>Nifty 50<\/strong><\/strong><\/td>Nifty Bank<\/strong><\/strong><\/td><\/tr>
50 DMA<\/td>24,721<\/td>51,892<\/td><\/tr>
100 DMA<\/td>24,706<\/td>51,616<\/td><\/tr>
200 DMA<\/td>23,629<\/td>49,943<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Asian markets – <\/strong>Asian markets open largely lower while Hang Seng traded lower by 1 pct while Nikkei traded slightly up by 0.4 pct<\/p>\n\n\n\n

Indian Indices – <\/strong>Indian indices expected to open positive as GIFT Nifty trading 50 points over Nifty futures. On Wednesday market traded in the choppy range for 3rd<\/sup> consecutive day, however market ended with slight gains led by buying in Adani Group stocks. <\/p>\n\n\n\n

Indian ADRs: Infosys (-1.9%), ICICI Bank (-0.5%) and Dr Reddy’s (-0.4%).<\/p>\n\n\n\n

Indian Market<\/strong><\/strong><\/td>  % Change<\/strong><\/strong><\/td><\/tr>
 <\/em><\/em><\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td>YTD<\/strong><\/strong><\/td><\/tr>
Sensex<\/td>80,234<\/td>0.3<\/td>11.1<\/td><\/tr>
Nifty<\/td>24,274<\/td>0.3<\/td>11.7<\/td><\/tr>
Nifty Bank<\/td>52,301<\/td>0.2<\/td>8.3<\/td><\/tr>
Nifty Midcap 100<\/td>56,272<\/td>0.6<\/td>21.9<\/td><\/tr>
Nifty Smallcap 100<\/td>18,502<\/td>1.3<\/td>22.2<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Institutional Activity<\/strong><\/strong><\/td>                  Rs crore<\/strong><\/strong><\/td><\/tr>
 <\/em><\/em><\/td>Cash<\/strong><\/strong><\/td>YTD<\/strong><\/strong><\/td><\/tr>
FII<\/td>7<\/td>-268,137<\/td><\/tr>
DII<\/td>1301<\/td>484,026<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Stocks to watch<\/h2>\n\n\n\n

Positive Read through<\/strong><\/p>\n\n\n\n