{"id":21060,"date":"2024-12-23T10:03:20","date_gmt":"2024-12-23T04:33:20","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=21060"},"modified":"2024-12-23T10:03:21","modified_gmt":"2024-12-23T04:33:21","slug":"market-morning-notes-for-23rd-december-2024","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/market-morning-notes-for-23rd-december-2024\/","title":{"rendered":"Market Morning Notes For 23rd December 2024"},"content":{"rendered":"\n

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

Global markets<\/strong> – US benchmark Indices recovered on Friday after falling sharply on Thursday, rally was led by cooler-than-expected inflation report. Dow closed higher by 1.2 pct, Nasdaq jumped 1.3 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>42,840<\/td>1.2<\/td>13.7<\/td><\/tr>
Nasdaq<\/td>19,572<\/td>1.3<\/td>30.4<\/td><\/tr>
Hang Seng<\/td>19,817<\/td>0.5<\/td>16.2<\/td><\/tr>
Nikkei<\/td>39,043<\/td>0.9<\/td>16.7<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Commodities<\/strong> – Gold remains steady, expected to be volatile in near term due to fewer rate cuts. On the other hand, Brent crude inches up after weaker than expected US PCE report.<\/p>\n\n\n\n

Commodities                                                              % Change<\/strong><\/strong><\/td><\/tr>
 <\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td><\/tr>
Gold ($)<\/td> 2,624<\/td>0.1<\/td><\/tr>
Silver ($)<\/td>29.69<\/td>0.7<\/td><\/tr>
Brent Crude ($)<\/td>73.25<\/td>0.4<\/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 positive zone following western market rally. Hang Seng up 0.5 pct led by property and financial sector, while Nikkei up by 0.9 pct.<\/p>\n\n\n\n

Indian Indices<\/strong> – India’s equity benchmarks are expected to open higher, supported by gains in peer markets following favourable U.S. inflation data.\u00a0 Benchmark Indices fell further 1.5 pct on Friday, as a slower US rate outlook for 2025 triggered foreign funds.<\/p>\n\n\n\n

Indian ADRs: Infosys (-2.9%), ICICI Bank (0.7%) and Dr Reddy’s (1.6%).<\/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>78,041<\/td>-1.5<\/td>8.0<\/td><\/tr>
Nifty<\/td>23,587<\/td>-1.5<\/td>8.5<\/td><\/tr>
Nifty Bank<\/td>50,759<\/td>-1.6<\/td>5.1<\/td><\/tr>
Nifty Midcap 100<\/td>56,906<\/td>-2.8<\/td>23.2<\/td><\/tr>
Nifty Smallcap 100<\/td>18,714<\/td>-2.2<\/td>23.6<\/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>-3597<\/td>-288,398<\/td><\/tr>
DII<\/td>1374<\/td>515,014<\/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