{"id":20924,"date":"2024-11-29T10:20:50","date_gmt":"2024-11-29T04:50:50","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=20924"},"modified":"2024-11-29T10:20:51","modified_gmt":"2024-11-29T04:50:51","slug":"market-morning-notes-for-29th-november-2024","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/market-morning-notes-for-29th-november-2024\/","title":{"rendered":"Market Morning Notes For 29th November 2024"},"content":{"rendered":"\n

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

Global markets<\/strong> – Dow futures up 100 points while Cash market was closed on account of Thanksgiving Day.<\/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>19,426<\/td>0.4<\/td>14.0<\/td><\/tr>
Nikkei<\/td>38,192<\/td>-0.4<\/td>14.1<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Commodities<\/strong> \u2013 Prices of Gold remains even as dollar rose. Crude Brent rose due to Hezbollah trade charges of Ceasefire Violation.<\/p>\n\n\n\n

Commodities                                                              % Change<\/strong><\/strong><\/td><\/tr>
 <\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td><\/tr>
Gold ($)<\/td> 2,637<\/td>0.1<\/td><\/tr>
Silver ($)<\/td>30.19<\/td>0.4<\/td><\/tr>
Brent Crude ($)<\/td>72.65<\/td>-0.5<\/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>24,692<\/td>51,889<\/td><\/tr>
100 DMA<\/td>24,703<\/td>51,605<\/td><\/tr>
200 DMA<\/td>23,639<\/td>49,974<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Asian markets <\/strong>Asian markets open mixed while Hang Seng traded higher by 0.4 pct while Nikkei fell by 0.4 pct on stronger Yen as investors speculate BOJ rate hike.<\/p>\n\n\n\n

Indian Indices<\/strong> – On Thursday, India’s indices slipped and closed in red, largely driven by selling in IT companies and as investors repositioned their holdings as monthly futures contracts expired. The closing was below its immediate support of 24k psychological mark which it had reclaimed from the start of this week. For today, we expect the movement to remain range bound and a fresh round of selling could be seen if Nifty breaches 24,000 on the lower side.<\/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>79,043<\/td>-1.5<\/td>9.4<\/td><\/tr>
Nifty<\/td>23,914<\/td>-1.5<\/td>10.0<\/td><\/tr>
Nifty Bank<\/td>51,906<\/td>-0.8<\/td>7.5<\/td><\/tr>
Nifty Midcap 100<\/td>56,300<\/td>0.0<\/td>21.9<\/td><\/tr>
Nifty Smallcap 100<\/td>18,511<\/td>0.0<\/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>-11756<\/td>-279,893<\/td><\/tr>
DII<\/td>8718<\/td>492,744<\/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