{"id":20940,"date":"2024-12-04T10:13:29","date_gmt":"2024-12-04T04:43:29","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=20940"},"modified":"2024-12-04T10:13:33","modified_gmt":"2024-12-04T04:43:33","slug":"market-morning-notes-for-4th-december-2024","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/market-morning-notes-for-4th-december-2024\/","title":{"rendered":"Market Morning Notes For 4th December 2024"},"content":{"rendered":"\n

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

Global markets<\/strong> – The S&P 500 and Nasdaq hit record highs on Tuesday, driven by tech gains as investors awaited jobs data. However, Dow Jones fell 0.2 pct and Nasdaq grew 0.4 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>44,705<\/td>-0.2<\/td>18.6<\/td><\/tr>
Nasdaq<\/td>19,480<\/td>0.4<\/td>29.8<\/td><\/tr>
Hang Seng<\/td>19,759<\/td>0.1<\/td>15.9<\/td><\/tr>
Nikkei<\/td>39,076<\/td>-0.4<\/td>16.8<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Commodities<\/strong> \u2013 Gold remained above $2,640 per ounce as markets evaluated political and monetary developments alongside key economic data. On the other hand, Brent crude oil futures rose as OPEC+ signaled extended output cuts and the U.S. imposed new sanctions on Iranian oil.<\/p>\n\n\n\n

Commodities                                                              % Change<\/strong><\/strong><\/td><\/tr>
 <\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td><\/tr>
Gold ($)<\/td> 2,646<\/td>0.1<\/td><\/tr>
Silver ($)<\/td>31.00<\/td>0.0<\/td><\/tr>
Brent Crude ($)<\/td>73.67<\/td>-0.1<\/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>24,624<\/td>51,866<\/td><\/tr>
100 DMA<\/td>24,700<\/td>51,596<\/td><\/tr>
200 DMA<\/td>23,678<\/td>50,081<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Asian markets – <\/strong>Asian equities opened cautiously, weighed down by political turmoil in South Koreawhile Hang Seng traded slightly up by 0.1 pct, Nikkei slipped by -0.4 pct.<\/p>\n\n\n\n

Indian Indices<\/strong> – Indian equities are expected to open flat, with consolidation likely throughout the day. On Tuesday India\u2019s benchmark indexes rose for 3nd<\/sup> straight day, ends 0.7 pct led by rally in banking stocks.<\/p>\n\n\n\n

Indian ADRs: Infosys (-0.4%), ICICI Bank (+1.2%) and Dr Reddy’s (0.0%).<\/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>80,845<\/td>0.7<\/td>11.9<\/td><\/tr>
Nifty<\/td>24,457<\/td>0.7<\/td>12.5<\/td><\/tr>
Nifty Bank<\/td>52,695<\/td>1.1<\/td>9.1<\/td><\/tr>
Nifty Midcap 100<\/td>57,509<\/td>0.9<\/td>24.5<\/td><\/tr>
Nifty Smallcap 100<\/td>19,003<\/td>0.8<\/td>25.5<\/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>3664<\/td>-280,851<\/td><\/tr>
DII<\/td>-250<\/td>501,805<\/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