BAJAJ BROKING

Notification
No new Notification messages
Suraksha Diagnostic IPO is Open!
Apply for the Suraksha Diagnostic IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Q2 FY'24-25 Results of Top Companies
Reliance, TCS, HDFC Bank & more: Explore key financial highlights from India's top quarterly results.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Share Market Today | Gift Nifty Signals Flat Opening For Indian Markets Today

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Today’s share market features how Premier Energies, NBCC, Ashoka Buildcon, and NCC secure contracts, while FPIs withdraw ₹94,000 crore. Banking deposit growth surpasses credit, and Dr Reddy’s recalls tablets. FIIs net sell ₹5,813 cr; DIIs net buy ₹3,514 cr.

Latest Market News

1. Premier Energies arm Premier Energies Intl and Premier Energies Photovoltaic Bags multiple order worth ₹560 Cr.

2. ⁠NBCC Bags Multiple Orders Worth ₹235 Cr From Power Grid, Mahatma Gandhi Kashi Vidyapith University Varanasi and Sampurnanand Sanskrit University, Varanasi.

3. ⁠Ashoka Buildcon bags order worth ₹312 crore from Maharashtra State Electricity Transmission Company.

4. ⁠NCC Says Received Total Orders Valuing ₹3,496 Cr In the month Of October. All orders received from State and Central Govt agencies and private Cos.

5. ⁠FPIs withdraw a record ₹94,000 crore from Indian equities in October on attractive Chinese valuations.

6. ⁠Banking sector update: Deposit growth surpasses credit growth for the first time since April 2022.

7. ⁠Dr. Reddy’s Laboratories recalls over 3.31 lakh bottles of Cinacalcet tablets.

8. ⁠Fund Flow - FIIs net sell ₹5,813.30 cr while DIIs net buy ₹3,514.59 cr in equities on Thursday.

ASHOKA BUILDCON LTD

Trade

253.84.33 (1.73 %)

Updated - 02 December 2024
257.40day high
DAY HIGH
249.02day low
DAY LOW
3864397
VOLUME (BSE)

In-Depth Market Insights: Global Outlook, Derivatives & More

US Share Market News

  1. Performance Overview:

    • US equity indexes fell this week after mixed results from Big Tech firms and amid soaring government bond yields as investors weighed the inflation and nonfarm payrolls data ahead of presidential elections.

    • The jobs report leaves the Federal Reserve on track to lower its target rate by 25 basis points.

  2. Sector-Specific Movements:

    • The Dow Jones Industrial Average ended at 42,052.19 on Friday, compared with 42,114.40 a week ago. The S&P 500 stood at 5,728.80 end-of-play, compared with 5,808.12 a week earlier. The Nasdaq Composite closed at 18,239.92 versus 18,518.61 a week prior.

    • For the week, the Nasdaq decreased 1.5%, while the S&P 500 lost 1.4%. The Dow dropped 0.2%.

  3. Economic Indicators:

  • On Friday, data showed nonfarm payrolls climbed by 12,000 in October. The consensus was for a 100,000 increase in a survey compiled by Bloomberg. October's gain was the weakest since December 2020.

Other Asset Classes

  1. Treasury Yields:

    • The US 10-year yield soared 10.2 basis points to 4.38%, while the two-year rate added 4.8 basis points to 4.21%.

  2. Currency:

    • The dollar index which tracks the greenback against six major currencies, was up 0.36% at 104.24.

  3. Commodities:

    • WTI crude oil futures rose toward $71 per barrel & Brent crude oil futures rose above $74 per barrel on Monday, extending gains for the fourth consecutive session as OPEC+ decided to delay December production plans for the second time.

    • Gold prices are higher in early Asia trade amid uncertainty over this week's U.S. elections. Spot gold is 0.1% higher at $2,739.01 per troy ounce.

Asian Markets

  1. General Trends:

    • Asian markets are showing a mixed opening as U.S. polls indicate no definitive front-runner.

  2. Specific Index Performance:

    • Japanese markets are closed for a holiday, which means there will be no treasuries trading in Asian hours.

    • Shares in Australia and South Korea climbed. The S&P/ASX 200 index inched 0.3% higher to 8,138.9.

    • South Korea's Kospi was up by 1.24% trading at 2574.6.

India Market Outlook

  1. GIFT Nifty Projection:

    • Gift Nifty suggests a flat opening for the Indian markets and is likely to consolidate in the broad range of 24,000 -24,700.

  2. Market in Previous Session:

    • India's benchmark indices, Sensex and Nifty, closed on a strong note during the special Muhurat trading session for Samvat 2081 on November 1. 

    • Broad-based buying was observed across all sectors, with the auto sector leading gains in response to strong October sales figures.

    • At close, the Sensex was up 335.06 points or 0.42 per cent at 79,724.12, and the Nifty was up 99 points or 0.41 per cent at 24,304.30.

    • Sector-wise, Nifty Auto emerged as the top performer, climbing over 1 per cent, followed by gains in the Nifty PSU Bank and Nifty Metal indices.

    • India VIX, which gauges volatility over the near-term, spiked more than 2% to 16 levels.

  3. Nifty Short-Term Outlook:

    • The index has been consolidating in a broad range between 24,000- 24,500 since the last few trading sessions. It has struggled to break through resistance, reflecting investor caution in the current environment with major global events lined up this week. 

    • Supports at lower levels indicated some buying interest, helping prevent sharper declines. Although it has closed below its 20-week EMA, history says this will be a crucial point for reversal. Technically, the Nifty has near-term resistance at around 24,500 followed by 24,750 levels and supports near 24,000 followed by 23,780 levels.

  4. Intraday Levels:

    • Nifty: Intraday resistance is at 24,352 followed by 24,404 levels. Conversely, downside support is located at 24,264, followed by 24,228.

    • Bank Nifty: Intraday resistance is positioned at 51,847, followed by 52,020, while downside support is found at 51,481, followed by 51,287.

Derivative Market Analysis

  1. Nifty:

    • The highest Call OI has been noted at 24,800, while immediate Call OI is placed at 24,300, which will serve as resistance.

    • Put writers are active across strikes below 24,300 down to the 24,000 level, indicating multiple support levels.

    • According to option chain analysis, the broader range for Nifty for the upcoming trading session is between the 24,000 and 24,800 levels.

    • The Nifty Put-Call ratio has increased by 0.02 and is now positioned at 1.07.

  2. Bank Nifty:

    • The highest Call OI is noted at the 53,000 level, while immediate Call OI is noted at the 52,000 level, which can serve as resistance.

    • Major Put OI is noted at the 51,500 level, followed by 51,000, which will act as a crucial support zone.

    • According to option chain analysis, the broader range for Bank Nifty is between the 51,000 and 53,000 levels.

    • The Bank Nifty Put-Call ratio remained unchanged at 0.69.

  3. Midcap Nifty:

  • The highest Put OI is noted at the 12,000 level, followed by 12,300, which will act as support.

  • Call writers are active across strikes from 12,400 to 12,600, suggesting multiple resistance levels.

  • According to the option chain, Midcap Nifty is likely to trade between the 12,300 and 12,500 levels.

Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point expert analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates in one place and make wise investment decisions.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Frequently Asked Questions

What exactly is the stock market, and how does it work?

Answer Field

The stock market is a platform where investors buy and sell shares of publicly traded companies. It operates through stock exchanges, where supply and demand for securities determine prices.

Why should I consider investing in the stock market?

Answer Field

Investing in the stock market offers the potential for long-term wealth growth, dividend income, portfolio diversification, and ownership stakes in successful companies.

How can I start investing in the stock market?

Answer Field

To begin investing in stocks, individuals can open a brokerage account, conduct research on companies and industries, and start building a diversified portfolio aligned with their investment goals and risk tolerance.

What factors should I consider before investing in stocks?

Answer Field

Important factors to consider include investment goals, risk tolerance, time horizon, market research, diversification, and staying informed about economic and market trends.

What are the risks associated with stock market investments?

Answer Field

Risks include market volatility, liquidity risk, company-specific risks, and the potential for loss of capital. It's essential for investors to assess their risk tolerance and diversify their portfolios accordingly.

How do I stay informed about daily market happenings?

Answer Field

You can stay informed by monitoring financial news websites, market analysis reports, earnings announcements, economic indicators, and utilising real-time market data provided by reliable brokerage platforms.

What is the difference between long-term investing and trading in the stock market?

Answer Field

Long-term investing involves holding stocks for extended periods, typically years or decades, with a focus on capital appreciation and dividend income. Trading involves buying and selling stocks more frequently, often based on short-term price movements.

How can I mitigate risks in the stock market?

Answer Field

Risk mitigation strategies include diversifying your portfolio, setting stop-loss orders, conducting thorough research, avoiding over-leveraging, and maintaining a long-term perspective on investments.

Are there any specific tax implications associated with stock market investments?

Answer Field

Yes, tax implications vary depending on factors such as investment duration, type of account (e.g., taxable brokerage account, retirement account), and realised gains or losses from selling stocks.

Can I invest in the stock market with a small amount of capital?

Answer Field

Yes, many brokerage platforms offer fractional investing or allow investors to purchase partial shares, enabling individuals with limited capital to start investing in the stock market with smaller amounts.

What are government bonds in India, and how do they work?

Answer Field

Government bonds in India serve as a financing tool for public initiatives, provided by the government. Investors buy these bonds, receiving fixed interest payments. They are a reliable option, offering security and predictable returns.

What are the benefits of investing in government bonds compared to other investment options?

Answer Field

Government bonds offer safety and stability, ideal for risk-averse investors. Compared to equities, they provide predictable returns, helping in portfolio diversification. Additionally, they are less volatile, making them suitable for long-term financial planning.

How can I buy government bonds in India, and what are the steps involved in the purchasing process?

Answer Field

To understand how to buy government bonds in India, investors can participate in Reserve Bank auctions, purchase through brokers, or invest in GILT mutual funds. A Demat account is necessary, followed by transaction completion on selected platforms.

What are the different types of government bonds available for investment in India?

Answer Field

India offers several government bonds, including treasury bills, sovereign gold bonds, and long-term bonds. Each type has distinct tenures and interest rates, catering to different investment needs, from short-term liquidity to long-term stability.

How do I determine the best government bonds to invest in India based on my financial goals?

Answer Field

Choosing the best government bonds to invest in India depends on individual goals. Short-term bonds offer liquidity, while long-term bonds provide stability. Consider factors like maturity, interest rates, and inflation protection for tailored investment decisions.

What factors should I consider when evaluating government bonds for investment?

Answer Field

Key factors include interest rates, inflation trends, and bond maturity. Evaluating these aspects helps in aligning bond choices with financial goals, especially for conservative portfolios. GILT mutual funds diversify risks across multiple government bonds.

How can I invest in government bonds through the online platform or through a broker?

Answer Field

Investors can invest in government bonds via online platforms, brokers, or banks. Online options facilitate participation in auctions and secondary markets, offering a streamlined process for how to invest in government bonds conveniently.

What are the tax implications of investing in government bonds in India?

Answer Field

Interest from government bonds is taxed according to the investor’s income bracket. However, some bonds may offer tax benefits. Understanding these implications helps optimise returns when considering how to invest in government bonds.

Are there any risks associated with investing in government bonds in India?

Answer Field

Although government bonds are low-risk, they are subject to interest rate fluctuations and inflation, which can impact returns. Understanding these risks is essential when considering how to invest in government bonds effectively.

No Result Found

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs + Users

icon-with-text

4.8+ App Rating

icon-with-text

4 Languages

icon-with-text

₹5000+ Cr MTF Book

icon-with-text