{"id":21048,"date":"2024-12-20T10:04:41","date_gmt":"2024-12-20T04:34:41","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=21048"},"modified":"2024-12-20T10:04:42","modified_gmt":"2024-12-20T04:34:42","slug":"market-morning-notes-for-20th-december-2024","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/market-morning-notes-for-20th-december-2024\/","title":{"rendered":"Market Morning Notes For 20th December 2024"},"content":{"rendered":"\n

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

Global markets<\/strong> – US benchmark Indices ended mixed as investors evaluated latest economic data and corporate earnings. Dow closed 0.4 pct up, Nasdaq fell 0.3 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>42,342<\/td>0.0<\/td>12.3<\/td><\/tr>
Nasdaq<\/td>19,327<\/td>-0.3<\/td>28.8<\/td><\/tr>
Hang Seng<\/td>19,860<\/td>0.5<\/td>16.5<\/td><\/tr>
Nikkei<\/td>38,889<\/td>0.2<\/td>16.2<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Commodities<\/strong> – Gold traded flat, heading for a weekly decline as a hawkish Federal Reserve outlook weighed on demand. While Brent crude fell over demand concern and strong USD.<\/p>\n\n\n\n

Commodities                                                              % Change<\/strong><\/strong><\/td><\/tr>
 <\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td><\/tr>
Gold ($)<\/td> 2,597<\/td>0.1<\/td><\/tr>
Silver ($)<\/td>28.92<\/td>-0.3<\/td><\/tr>
Brent Crude ($)<\/td>72.41<\/td>-0.3<\/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>24,354<\/td>51,923<\/td><\/tr>
100 DMA<\/td>24,699<\/td>51,733<\/td><\/tr>
200 DMA<\/td>23,826<\/td>50,482<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Asian markets<\/strong> – Asian markets trading in the green zone largely due to overnight global cues. Hang Seng up 0.5, while Nikkei up by 0.2 pct.<\/p>\n\n\n\n

Indian Indices<\/strong> – Indian market is likely to open flat. While IT stocks are likely to find support after good result and guidance by Accenture. Benchmarks Indices tumbled more than 1 pct on Wednesday, largely due to FED revised outlook on interest cuts and rising risk of further outflow from foreign investors.<\/p>\n\n\n\n

Indian ADRs: Infosys (3.4%), ICICI Bank (-0.2%) and Dr Reddy’s (3.2%).<\/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>79,218<\/td>-1.2<\/td>9.7<\/td><\/tr>
Nifty<\/td>23,951<\/td>-1.0<\/td>10.2<\/td><\/tr>
Nifty Bank<\/td>51,575<\/td>-1.1<\/td>6.8<\/td><\/tr>
Nifty Midcap 100<\/td>58,556<\/td>-0.3<\/td>26.8<\/td><\/tr>
Nifty Smallcap 100<\/td>19,133<\/td>-0.5<\/td>26.3<\/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>-4224<\/td>-284,800<\/td><\/tr>
DII<\/td>3943<\/td>513,640<\/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