{"id":21100,"date":"2024-12-31T09:46:37","date_gmt":"2024-12-31T04:16:37","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=21100"},"modified":"2024-12-31T09:46:38","modified_gmt":"2024-12-31T04:16:38","slug":"market-morning-notes-for-31st-december-2024","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/market-morning-notes-for-31st-december-2024\/","title":{"rendered":"Market Morning Notes For 31st December 2024"},"content":{"rendered":"\n

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

Global markets<\/strong> – US equity indices ended last trading day of CY2024 in red dragged by Consumer discretionary, materials, and health sectors. Dow closed lower by 1 pct while Nasdaq slipped 1.2 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>42,573<\/td>-1.0<\/td>13.0<\/td><\/tr>
Nasdaq<\/td>19,486<\/td>-1.2<\/td>29.4<\/td><\/tr>
Hang Seng<\/td>20,175<\/td>0.5<\/td>18.3<\/td><\/tr>
Nikkei<\/td>39,979<\/td>-0.7<\/td>19.5<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Commodities<\/strong> – Gold remains flat, Stabilizes Toward Year-End. On the other hand, Brent crude rose after data showed China’s manufacturing activity expanded in December.<\/p>\n\n\n\n

Commodities                                                              % Change<\/strong><\/strong><\/td><\/tr>
 <\/td>Last Close<\/strong><\/strong><\/td>1 day<\/strong><\/strong><\/td><\/tr>
Gold ($)<\/td> 2,606<\/td>0.0<\/td><\/tr>
Silver ($)<\/td>28.85<\/td>-0.2<\/td><\/tr>
Brent Crude ($)<\/td>74.30<\/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>24,197<\/td>51,871<\/td><\/tr>
100 DMA<\/td>24,638<\/td>51,725<\/td><\/tr>
200 DMA<\/td>23,867<\/td>50,596<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Asian markets<\/strong> – Asian markets trading mix early morning session. Hang Seng trading higher at 0.5 pct, swinging from a weak session the prior day. While Nikkei closed red 0.7 pct.<\/p>\n\n\n\n

Indian Indices<\/strong> – India’s equity benchmarks are expected to open gap down as GIFT Nifty indicates. Benchmark Indices closed lower on Monday due to decline in banking stocks and rising US treasury yields triggered foreign outflow.<\/p>\n\n\n\n

Indian ADRs: Infosys (-1.7%), ICICI Bank (-1.1%) and Dr Reddy’s (-0.9%).<\/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>78,248<\/td>-0.6<\/td>8.3<\/td><\/tr>
Nifty<\/td>23,644<\/td>-0.7<\/td>8.8<\/td><\/tr>
Nifty Bank<\/td>50,952<\/td>-0.7<\/td>5.5<\/td><\/tr>
Nifty Midcap 100<\/td>57,189<\/td>0.4<\/td>23.8<\/td><\/tr>
Nifty Smallcap 100<\/td>18,639<\/td>-0.6<\/td>23.1<\/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>-1323<\/td>-294,712<\/td><\/tr>
DII<\/td>2544<\/td>525,942<\/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