{"id":20930,"date":"2024-12-02T11:36:52","date_gmt":"2024-12-02T06:06:52","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=20930"},"modified":"2024-12-02T11:36:53","modified_gmt":"2024-12-02T06:06:53","slug":"market-morning-notes-for-2nd-december-2024","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/market-morning-notes-for-2nd-december-2024\/","title":{"rendered":"Market Morning Notes For 2nd December 2024"},"content":{"rendered":"\n

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

Global markets<\/strong> – Dow Jones and S&P 500 broke through their previous high, wrapping up a month green due to Donald Trump’s victory in the presidential election. Dow Jones Jumped 0.4 pct and Nasdaq grew 0.8 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>44,910<\/td>0.4<\/td>19.2<\/td><\/tr>
Nasdaq<\/td>19,218<\/td>0.8<\/td>28.0<\/td><\/tr>
Hang Seng<\/td>19,488<\/td>0.3<\/td>14.3<\/td><\/tr>
Nikkei<\/td>38,219<\/td>0.0<\/td>14.2<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Commodities<\/strong> \u2013 Gold prices went up after the dollar and Treasury yields weakened following the U.S. Thanksgiving holiday. On the other hand, crude oil prices managed to finish the day with a loss of ~1 pct, despite the anticipation that OPEC+ will move the production increases slated for January, which helped alleviate concern about an oversupplied market.<\/p>\n\n\n\n

Commodities                                                              % Change<\/strong><\/strong><\/td><\/tr>
 <\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td><\/tr>
Gold ($)<\/td> 2,650<\/td>0.5<\/td><\/tr>
Silver ($)<\/td>30.62<\/td>1.4<\/td><\/tr>
Brent Crude ($)<\/td>72.03<\/td>-0.8<\/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>24,665<\/td>51,886<\/td><\/tr>
100 DMA<\/td>24,700<\/td>51,598<\/td><\/tr>
200 DMA<\/td>23,651<\/td>50,009<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Asian markets <\/strong>Asian markets open green while Hang Seng traded higher by 0.3 pct, Nikkei slightly up by 0.03 as investors searched for new catalysts in the final trading month of the year.<\/p>\n\n\n\n

Indian Indices<\/strong><\/p>\n\n\n\n

Indian indices expected to open red as GIFT Nifty trading 10 points below Nifty futures. India\u2019s benchmark indexes took off by almost 1 pct on Friday and were able to recover significantly from their session losses and were able to end the week on a high note owing to surge in heavyweight Reliance Industries and the pharma as well.<\/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>79,802<\/td>1.0<\/td>10.5<\/td><\/tr>
Nifty<\/td>24,131<\/td>0.9<\/td>11.0<\/td><\/tr>
Nifty Bank<\/td>52,055<\/td>0.3<\/td>7.8<\/td><\/tr>
Nifty Midcap 100<\/td>56,392<\/td>0.2<\/td>22.1<\/td><\/tr>
Nifty Smallcap 100<\/td>18,650<\/td>0.8<\/td>23.2<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
 <\/em><\/em><\/td>Cash<\/strong><\/strong><\/td>YTD<\/strong><\/strong><\/td><\/tr>
FII<\/td>-4383<\/td>-284,277<\/td><\/tr>
DII<\/td>5723<\/td>498,468<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Indian ADRs: Infosys (-2.9%), ICICI Bank (-1.4%) and Dr Reddy’s (+0.43%).<\/p>\n\n\n\n

\u00a0\u00a0Stocks to watch<\/h2>\n\n\n\n

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