Things to watch this week 📰
-Market sentiment could be hit due to GDP shocker
Weak Q2 GDP growth at 5.4% vs expectation of 6.5%
GDP at 7 quarter low
however GDP data is back ended, and perhaps priced in to a large extent
-Upcoming RBI policy on December 6 is crucial
after weak GDP data, all eyes on whether RBI will cut rates
-street is not expecting a rate cut in this policy
-US markets close in the green in holiday shortened trade on friday
Dow jones up 200 points , S&P 500 up 0.5%
-Foreign selling reduced to 4383cr on Friday
DII buying of 5723cr seen on Friday
-Auto sales were a mixed bag in November
Maruti saw double digit 10.4% YoY growth
tractor maker escorts saw 9.4% YoY fall in sales
TVS motor sales up 10.2% YoY, above expectations
During today's proceedings in the Indian Parliament's Winter Session, Finance Minister Nirmala Sitharaman will present the Banking Laws Amendment Bill in the Lower House for consideration and passing, aimed at amending the Reserve Bank of India Act, 1934, and the Banking Regulation Act. Additionally, the Railways Amendment Bill 2024 is set to be discussed in the Lower House. In the Upper House, the bills scheduled for consideration include the Oil Fields Regulation and Development Amendment Bill 2024 and the BH Vahan 2024.
-: India considering to pass banking amendment bill in Dec session
INTRADAY CALL UPDATE : BOOK PROFITS IN MCDOWELL-N AT 1541 RECO LONGS GIVEN AT 1515
Читать полностью…INTRADAY CALL UPDATE : BOOK PROFITS IN NIFTY CALL OPT 23950 05DEC SERIES AT 316 RECO LONGS GIVEN AT 277
Читать полностью…IPO OPENING : Suraksha Diagnostic IPO Details : Issue Date : 29 NOV-2024 to 03 DEC-2024 Offer Price : 420-441 per equity share. Lot Size : 34 shares
Читать полностью…Hello December Series!
- Nifty down ~2300 Pts in last 2 series
- December typically sees big upmoves, small down-moves
- Rollovers have been higher, on the short side
- FII long exposure at 33% at series start
- Multiple triggers to track in Dec!
CUES FOR TODAY
- Strong rebound on Day 1 of December series
- Reliance, L&T, Airtel, M&M and HUL led gains
- Midcaps & Nifty Bank gained less than Nifty
- Gift Nifty Suggests 25 Pts positive start
Key to Track
- Is soft GDP data for Q2, 5.4% growth, priced in?
- Could the RBI announce growth boosting measures on Dec 6?
Wall Street in a short session
Dow +0.4%
S&P +0.5%
Nasdaq +0.8%
- US 10Y Bond Yield slides to 4.21% lowest since October
Cash Market Flows
DII +5723 Cr
FII -4383 Cr
FIIs in Index Futures
- FIIs buy 218 Cr in Index Futures
- FII Long Exposure at 33%, Shorts at 67%
Nifty Levels
20 DMA at 23982, important support
24300-24350: Resistance Zone
Stocks in Focus
Auto Stocks:
Maruti, TVS Nov Sales Beat Estimates
Hero, Eicher & Hyundai Sales Miss Estimates
CIPLA:
Promoters May Sell Up To 1.72% Eq Via Block, Offer Price At 6% Disc To CMP
ASTER DM:
To Merge Blackstone-backed CARE Hosp With Itself
BIOCON:
Gets US FDA Nod For Biocon Biologics' Arthritis Drug YESINTEK
ORDER WINS:
- Cochin Shipyard: Bags 1000 Cr Contract From Defence Ministry
- RVNL: Lowest Bidder For a 643 Cr project
- KEC Intl: 1040 Cr For T&D Biz Orders for International Markets
GREAVES COTTON:
Board Approves IPO Of Greaves Electric Mobility Via Fresh Issue & OFS
HOME FIRST:
Promoters May Sell 14.70% Eq Via Blocks, Floor Price At 8% Disc To CMP
INTRADAY CALL UPDATE : EXIT POSITIONS IN BANKNIFTY CALL OPT 51900 24DEC AT 1010 SL HIT RECO LONGS GIVEN AT 1100
Читать полностью…INTRADAY CALL UPDATE : BOOK PROFITS IN BANKNIFTY PUT OPT 52100 24DEC AT 855 RECO LONGS GIVEN AT 747
Читать полностью…Enviro Infra Engineers Listed Price : 220.00 ISSUE PRICE : 148.00 :
LISTING PREMIUM OF 48.65%
*News Headlines from Business News Agencies:*
*Business Standard*
📝 India's iron ore production rises 4% to 158.4 mn tonnes in Apr-Oct
📝 Leverage for primary steel firms to reach 5-year high: CRISIL Ratings
📝 Jamshyd Godrej-led GEG announces plans to invest Rs 7.5k cr in 3 yrs
📝 Audi expects sales to recover next year; anticipates 8-10% growth in 2025
📝 Fall in steel prices may impact profitability of domestic producers: CRISIL
📝 CarDekho Group's net revenue increases 54% to Rs 2,074 crore in FY24
📝 Goa govt eyeing Rs 500 cr revenue via e-auction of unclaimed iron ore dumps
📝 Kerala, Adani Ports sign agreement for development of Vizhinjam Seaport
📝 Rupee declines on FPI outflows, avoids record low on RBI intervention
📝 China's chip industry faces new US sanctions amid rising tech tensions
📝 Nazara Tech raises Rs 855 cr via preferential issue to fuel expansion
📝 Fitch revises outlook on Azure Power Energy to negative; affirms 'B' rating
*Economic Times*
📝 BSNL installs 50,708 4G sites; 41,957 sites on-air: MoS Communications
📝 HCL-TechBee signs up with skill development corp for training II PU passouts
📝 Centre has received 28 proposals from 23 states to develop new cities, Lok Sabha informed
📝 60% FMCG companies say e-commerce is critical platform for sales
📝 Monitoring inflation in US & Indian market; going for largecaps in India: Hartmut Issel
📝 RIL subsidiary acquires 21% stake in US-based Wavetech Helium for $12 million
📝 Knight Frank appoints Shishir Baijal as Asia-Pacific Non-Executive Chair
📝 Delhi's winter peak power demand also expected to break record, likely to surpass 6300 MW
📝 Akasa Air announces daily flights between Abu Dhabi, Bengaluru, & Ahmedabad starting March 2025
📝 Air India sees growth from domestic, short international flights in 2025: CEO Campbell Wilson
📝 ONGC makes four oil discoveries in Ashokenagar, awaits mining lease from Bengal govt
*Mint*
📝 Asia's November crude oil imports nudge higher, still heading for annual fall: Russell
📝 Tube Investments to acquire 67 pc stake in Kcaltech System India for ₹62 cr
📝 PwC India partners with Masters' Union to equip future leaders with industry-ready skills
📝 TikTok's owner ByteDance sues intern for $1.1 million in damages over AI breach
📝 Cooperative sector expected to create 5.5 crore direct jobs in India: Report
📝 Petroleum ministry recommends GST on natural gas
📝 Industry should give feedback on 'National Single Window System' or we will abort it: Piyush Goyal
📝 HDFC Bank market cap crosses ₹14 lakh crore for the first time
📝 Delhi HC defers Tesla trademark case to April 2025 as mediation continues
📝 Incuspaze to raise USD 25 mn to fund expansion plan amid rising demand for flexible office space
📝 LTIMindtree readies recipe for $10 bn revenue, but near-term woes a spoilsport.
INTRADAY CALL UPDATE : BOOK PROFITS IN NIFTY PUT OPT 24100 28NOV SERIES AT 152 RECO LONGS GIVEN AT 101
Читать полностью…