{"id":20935,"date":"2024-12-03T10:12:55","date_gmt":"2024-12-03T04:42:55","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=20935"},"modified":"2024-12-03T10:12:56","modified_gmt":"2024-12-03T04:42:56","slug":"market-morning-notes-for-3rd-december-2024","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/market-morning-notes-for-3rd-december-2024\/","title":{"rendered":"Market Morning Notes For 3rd December 2024"},"content":{"rendered":"\n

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

Global markets<\/strong> – The S&P 500 and the Nasdaq Composite both set new records Monday as markets made sense of manufacturing sector data for November and comments made by Federal Reserve officials. However, Dow Jones fell 0.3 pct and Nasdaq jumped 1 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>44,782<\/td>-0.3<\/td>18.8<\/td><\/tr>
Nasdaq<\/td>19,403<\/td>1.0<\/td>29.3<\/td><\/tr>
Hang Seng<\/td>19,555<\/td>0.0<\/td>14.3<\/td><\/tr>
Nikkei<\/td>39,180<\/td>1.7<\/td>17.1<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Commodities <\/strong>\u2013 Gold prices slip back after the dollar and Treasury yields strengthening. On the other hand, crude oil prices fell ~0.2 amid mixed market indicators due to OPEC+ Meeting\u2019s uncertain outcome.<\/p>\n\n\n\n

Commodities                                                              % Change<\/strong><\/strong><\/td><\/tr>
 <\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td><\/tr>
Gold ($)<\/td> 2,638<\/td>-0.4<\/td><\/tr>
Silver ($)<\/td>30.49<\/td>-0.4<\/td><\/tr>
Brent Crude ($)<\/td>71.88<\/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>24,643<\/td>51,873<\/td><\/tr>
100 DMA<\/td>24,700<\/td>51,595<\/td><\/tr>
200 DMA<\/td>23,663<\/td>50,041<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Asian markets<\/strong> Asian markets open green on the back of the supportive overnight global cues while Hang Seng traded higher by 0.0 pct, Nikkei jumped up by 1.7 pct as tech stocks leads the charge.<\/p>\n\n\n\n

Indian Indices<\/strong> Indian indices Indian shares are set to open higher on Tuesday, tracking other Asian peers. On Monday India\u2019s benchmark indexes rose for 2nd straight day, ends 0.6 pct up despite slower Q2 GDP print.<\/p>\n\n\n\n

Indian ADRs: Infosys (-0.59%), ICICI Bank (-0.03%) and Dr Reddy’s (+1.13%).<\/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>80,248<\/td>0.6<\/td>11.1<\/td><\/tr>
Nifty<\/td>24,276<\/td>0.6<\/td>11.7<\/td><\/tr>
Nifty Bank<\/td>52,109<\/td>0.1<\/td>7.9<\/td><\/tr>
Nifty Midcap 100<\/td>57,000<\/td>1.1<\/td>23.4<\/td><\/tr>
Nifty Smallcap 100<\/td>18,845<\/td>1.0<\/td>24.4<\/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>-238<\/td>-284,515<\/td><\/tr>
DII<\/td>3588<\/td>502,056<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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

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