INTRADAY CALL UPDATE : CLOSE POSITIONS IN NIFTY CALL OPT 24500 5th DEC AT 97 SL HIT RECO LONGS GIVEN AT 141
Читать полностью…Things you need to know 📰
-Foreign investors finally turned net buyers in India 🚀
-FIIs bought 3665cr in cash yesterday while Domestic investors sold just 251cr
-Nifty has seen steady recovery in last one week, at one month high
-Nifty is now up almost 5% from 21st November lows of 23349
-US markets see flat close , S&P 500 inches marginally higher to fresh record close
🇺🇸 Markets on Tuesday
#DowJones -0.17%
#Nasdaq + 0.4%
S&P500 +0.05%
Apple rose to a fresh 52-week high 🚀
🇺🇸 Economic data released
👉 Job openings were higher in October compared to September. Job openings hit a total of 7.74 million, topping the Dow Jones estimate of 7.5 million
Federal Reserve’s policy meeting on Dec. 17-18
👉 Fed funds futures are currently pricing in a roughly 72% probability that the central bank lowers interest rates
Source: CME’s FedWatch Tool.
Other Assets
💲 Dollar Index at 106.4
🇺🇸 10 year yield at 4.23%
⛽️ Brent Crude +2% at 73.5$/barrel, ahead of OPEC+ meeting
🪙 Gold at $2,665/ounce
💸 Bitcoin at 95720$
Stock in extended trading
🚀 Salesforce +10%. Company posted fiscal third-quarter revenue that beat estimates
🚀 Marvell Technology (developer of integrated circuits) +10%. After issuing rosy guidance for the current quarter
What to track on Wednesday?
a. Economic Data
-ADP private payrolls report for November, which is expected to show growth of 163,000 positions
-S&P Global U.S. Services Purchasing Managers’ Index, factory orders and durable goods
b. On the Federal Reserve front
-Chair Jerome Powell will be speaking in New York in a moderated discussion Wednesday afternoon.
c. Earnings due Chewy, Dollar Tree & Foot Locker
Asian markets 👉 South Korea stocks -2% after President Yoon imposes and then lifts martial law
INTRADAY CALL UPDATE : NIFTY CALL OPT 24350 5DEC SERIES AT 213 RECO LONGS GIVEN AT 171
Читать полностью…*News Headlines from Business News Agencies:*
*Business Standard*
📝 Indian arms makers in Top 100 log $6.7-bn 2023 revenue, up 6%: Sipri
📝 Akash Systems wins $27 mn contract from NxtGen to provide cooling servers
📝 Suzlon, Jindal Renewables expand partnership with new wind power project
📝 Kotak AMC set to enter AIF space; to launch Rs 2,000 cr private credit fund
📝 Reserve Bank likely conducting dollar-rupee swaps to support currency
📝 Oil prices edge higher on imminent Opec+ decision, geopolitical turmoil
📝 Price 'not only game' in paints industry; brand important: Berger CEO
📝 Moglix signs initial pact with DPIIT for manufacturing incubation programme
📝 Oyo's premiuim hotel brand 'SUNDAY' launches first international hotel
📝 About Rs 15 trn required for adding power generation capacity in 2022-27
📝 Alembic Pharma gets tentative USFDA nod for Olopatadine drug
📝 Indian steel mills struggle as cheap Chinese imports flood the market
*Economic Times*
📝 India's external debt rises by $31 bn to $647 bn in 2023: World Bank report
📝 OECD raises India’s FY25 growth forecast to 6.8%
📝 Axis Securities pays Rs 14.62 lakh to settle front-running case
📝 General Atlantic to buy UK's Learning Technologies for $1 billion
📝 Indraprastha Gas to consider bonus share issuance in December board meeting
📝 Meja Urja Nigam board approves first dividend of Rs 350 cr for FY25
📝 LTTS bags $50 million deal from US telecom operator
📝 Star Cement denies reports of acquisition talks with Adani Group
📝 Century real estate targets Rs 2,000 crore sales in FY25, reports record growth
📝 Royal Enfield commences operations at Thailand-based CKD plant
📝 Focus on adding general coaches not AC coaches to railways' fleet: Ashwini Vaishnaw
📝 DGCA to streamline norms for Indian airlines' wet-leased plane operations
*Mint*
📝 Bharti Airtel extends multi-year 4G and 5G network extension deal to Ericsson for India operations
📝 India has seen limited success so far in capturing China Plus One strategy: NITI Aayog Report
📝 Greenzo Energy, EODev partner to market hydrogen fuel cell power generators in India and Nepal
📝 Vodafone UK Vodafone to sell 3 pc stake in Indus Towers for ₹2,841 cr to clear debt, part payment of VI dues
📝 Honda Amaze 2024 facelift debuts in India, price begins at ₹8 lakh
📝 India’s services sector growth falls marginally in November
📝 Medusa Beverages looks to raise ₹120 crore for new beer plant in FY26
📝 NTPC in talks with EDF, Rosatom, Westinghouse to develop small modular reactors
📝 Cyient DLM & Arcedo Systems sign MoU to establish 500 kWp solar power plant at Mysore facility
📝 Govt to launch portal to ease regulatory burden on traders, protect consumers
📝 Citigroup Faces $26 Million in Losses on Australian Block Trade
INTRADAY CALL UPDATE : BOOK PROFITS IN BANKNIFTY CALL OPT 52900 24DEC AT 974 RECO LONGS GIVEN AT 891
Читать полностью…*News Headlines from Business News Agencies:*
*Business Standard*
📝 Rajya Sabha passes bill to boost investment in oil and gas exploration
📝 Festivals lift India's edible oil imports to four-month high in Nov
📝 TCS to modernise Bank of Bhutan's digital system, improve customer service
📝 Japanese firms eager to set up semiconductor units in India: Deloitte
📝 Electronics component manufacturers eye govt support in Budget 2025
📝 Fintech firm MODIFI targets to finance 5,000 SMEs in next 2-3 years
📝 India sees 92,000 patent filings in FY24, IP guidelines set for overhaul
📝 Crisil upgrades rating on Vedanta's long-term debt instruments to 'AA'
📝 China announces ban on Germanium, Gallium exports to US in tit-for-tat move
📝 Tata Power subsidiary commissions 431 MW DC solar project in MP
📝 Canara Bank increases fixed deposit rates, offers up to 7.90% interest
📝 Nomura has room to cut further $187 mn in costs: CEO Kentaro Okuda
*Economic Times*
📝 Indian airlines may take Rs 2,000-3,000 crore loss this fiscal even as more passengers rush to fly
📝 Lectrix EV looks to raise USD 100 mn to fund future growth
📝 Government not considering PSU bank merger: MoS Finance
📝 BlackRock to buy HPS Investment for $12 bn in major private credit push
📝 Hyundai Motor Group ties up with IITs to advance battery, electrification research
📝 Karman Drones, TCL join hands to co-develop UAVs solutions
📝 Amagi acquires Argoid AI to address streaming industry challenges
📝 Indian tea prices surge 18% amidst decline in production
📝 Warehousing construction cost surges by 6.7% in India
📝 Russia approves $320 mln sale of Carlsberg assets to local businessmen, document shows
📝 Novo Nordisk India execs urge early Wegovy launch as weight-loss rival looms
*Mint*
📝 Russia's crude oil and LNG shipments to Asia slip slightly in 2024: Russell
📝 Godrej Properties raises ₹6K cr via QIP mainly to acquire land for future development
📝 Swiggy Q2 Results: Net loss narrows to ₹625 crore in first earnings post IPO
📝 Demat accounts reach 179 million even as new additions decline to 3.5 million in October
📝 Voda Idea's revenue market share falls to all-time low in Q2FY25
📝 Quant hires mutual fund industry outsider as next CEO
📝 Captain Fresh in talks to raise up to $100 mn from new and existing investors
📝 Nigeria Raises $2.2 Billion in First Eurobond Issue Since 2022
📝 SpaceX weighs tender offer at roughly $350 billion valuation
📝 2024 Honda Amaze set to launch tomorrow with a bold new look and advanced tech
📝 Microsoft faces $1.27 billion antitrust lawsuit over cloud services in UK