{"id":21019,"date":"2024-12-17T09:45:43","date_gmt":"2024-12-17T04:15:43","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=21019"},"modified":"2024-12-17T09:46:36","modified_gmt":"2024-12-17T04:16:36","slug":"market-morning-notes-for-17th-december-2024","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/market-morning-notes-for-17th-december-2024\/","title":{"rendered":"Market Morning Notes For 17th December 2024"},"content":{"rendered":"\n

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

Global markets<\/strong> – Nasdaq ended at all time high while Dow Jones slipped mixed on Monday amid Federal Reserve\u2019s Monetary Policy decision and corporate earnings due later this week.<\/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>43,717<\/td>-0.3<\/td>16.0<\/td><\/tr>
Nasdaq<\/td>20,173<\/td>1.2<\/td>34.4<\/td><\/tr>
Hang Seng<\/td>19,690<\/td>-0.5<\/td>28.7<\/td><\/tr>
Nikkei<\/td>39,520<\/td>0.2<\/td>18.1<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Commodities<\/strong> \u2013 Gold trading steady as investors Federal Reserve meeting this week and Central Bank outlook for 2025. While Brent crude fell by 0.1 pct led by weaking global demand.<\/p>\n\n\n\n

Commodities                                                              % Change<\/strong><\/strong><\/td><\/tr>
 <\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td><\/tr>
Gold ($)<\/td> 2,653<\/td>0.0<\/td><\/tr>
Silver ($)<\/td>30.45<\/td>-0.2<\/td><\/tr>
Brent Crude ($)<\/td>73.76<\/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>24,400<\/td>51,848<\/td><\/tr>
100 DMA<\/td>24,710<\/td>51,701<\/td><\/tr>
200 DMA<\/td>23,794<\/td>50,394<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Asian markets – <\/strong>Asian markets trading mixed in early trade. Hang Seng fell 0.5 pct for 3rd<\/sup> session while Nikkei grew at 0.2 pct on overnight strength in Nasdaq.<\/p>\n\n\n\n

Indian Indices<\/strong> – Indian market is expected to open with cuts as GIFT Nifty indicates. Benchmarks Indices ended lower on Monday amid uncertainty over U.S. interest rate cuts, weighing on IT stocks, while metals tumbled following weak economic data from China.<\/p>\n\n\n\n

Indian ADRs: Infosys (-0.2%), ICICI Bank (0.8%) and Dr Reddy’s (1.5%).<\/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>81,748<\/td>-0.5<\/td>13.2<\/td><\/tr>
Nifty<\/td>24,668<\/td>-0.4<\/td>13.5<\/td><\/tr>
Nifty Bank<\/td>53,581<\/td>-0.0<\/td>11.0<\/td><\/tr>
Nifty Midcap 100<\/td>59,443<\/td>0.8<\/td>28.7<\/td><\/tr>
Nifty Smallcap 100<\/td>19,531<\/td>0.6<\/td>29.0<\/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>-278<\/td>-272,849<\/td><\/tr>
DII<\/td>-234<\/td>502,906<\/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