{"id":21067,"date":"2024-12-24T09:44:40","date_gmt":"2024-12-24T04:14:40","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=21067"},"modified":"2024-12-24T09:50:17","modified_gmt":"2024-12-24T04:20:17","slug":"market-morning-notes-for-24th-december-2024","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/market-morning-notes-for-24th-december-2024\/","title":{"rendered":"Market Morning Notes For 24th December 2024"},"content":{"rendered":"\n

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

Global markets<\/strong> – US benchmark Indices closed in positive territory led by rally in tech stocks and positive cues. Dow closed higher by 0.2 pct, 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>42,906<\/td>0.2<\/td>13.8<\/td><\/tr>
Nasdaq<\/td>19,764<\/td>1.0<\/td>31.7<\/td><\/tr>
Hang Seng<\/td>20,139<\/td>1.3<\/td>18.1<\/td><\/tr>
Nikkei<\/td>39,055<\/td>-0.3<\/td>16.7<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Commodities<\/strong> – Gold trading in the green zone, amid subdued holiday season trading. On the other hand, Brent crude slipped on surplus 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 ($)<\/td> 2,616<\/td>0.2<\/td><\/tr>
Silver ($)<\/td>29.69<\/td>0.2<\/td><\/tr>
Brent Crude ($)<\/td>72.86<\/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>24,300<\/td>51,912<\/td><\/tr>
100 DMA<\/td>24,675<\/td>51,724<\/td><\/tr>
200 DMA<\/td>23,841<\/td>50,525<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Asian markets<\/strong> – Asian markets trading mix in the early morning session. Hang Seng up 1.3 pct as mainland buying props up sentiment. While Nikkei fell by 0.3 pct amid quiet holiday trading.<\/p>\n\n\n\n

Indian Indices<\/strong> – India’s equity benchmarks are likely to open flat, due to lack of triggers by global cues.  Benchmark Indices ended their day in green on Monday backed by softer-than-expected US inflation data eased investor concerns.<\/p>\n\n\n\n

Indian ADRs: Infosys (0.2%), ICICI Bank (0.6%) and Dr Reddy’s (0.8%).<\/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>78,540<\/td>0.6<\/td>8.7<\/td><\/tr>
Nifty<\/td>23,753<\/td>0.7<\/td>9.3<\/td><\/tr>
Nifty Bank<\/td>51,317<\/td>1.1<\/td>6.3<\/td><\/tr>
Nifty Midcap 100<\/td>57,092<\/td>0.3<\/td>23.6<\/td><\/tr>
Nifty Smallcap 100<\/td>18,687<\/td>-0.1<\/td>23.4<\/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>-168<\/td>-288,567<\/td><\/tr>
DII<\/td>2227<\/td>517,242<\/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