BAJAJ BROKING

Notification
No new Notification messages
One Mobikwik Systems IPO is Open!
Apply for the One Mobikwik Systems 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.
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 indicates positive market open amid global cues

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

0:00 / 0:00

Synopsis:

Today’s share market features how the government raises import duty on edible oil by 20%. Samvardhana Motherson invests in REE Automotive. Thermax gets Rs 516 cr order. M&M Financial enters mortgages. JSW commissions 300 MW wind capacity. FIIs, DIIs remain net buyers on Friday.

Latest Market News

1. Government raises import duty on Edible Crude Oil & Refined Oil by 20%.

2. ⁠Samvardhana Motherson to invest $15 million for 11% stake in REE Automotive.

3. ⁠Thermax arm Babcock & Wilcox Energy Solutions receives a repeat order worth Rs 516 cr for setting up another 300 MW energy project from an industrial conglomerate in Botswana.

4. ⁠M&M Financial to enter mortgage business with ₹20-30 crore investment.

5. ⁠JSWEnergy unit completes commissioning 300 MW wind power capacity at Tuticorin, Tamil Nadu.

6. ⁠MSEDCL issues a Letter of Intent for 6600 MW to Adani Power. Adani Green to supply 5 GW (5000 MW) solar power from Khavda.

7. ⁠GMR Airports Business Update- August passenger traffic up 9% YoY & 0.1% MoM at 1.06 crore. August domestic passenger traffic up 7.4% YoY.

8. ⁠FIIs net buy ₹2,364.82 cr and DIIs net buy ₹2,532.18 cr in equities on Friday.

JSW ENERGY LIMITED

Trade

677.60.00 (0.00 %)

Updated - 11 December 2024
682.00day high
DAY HIGH
668.50day low
DAY LOW
2088984
VOLUME (BSE)

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

US Share Market News

  1. Performance Overview:

    • The US benchmark equity indexes closed higher on Friday as markets awaited the Federal Reserve's latest monetary policy decision due this week.

    • The Federal Open Market Committee's two-day meeting is scheduled to kick off on Tuesday.

  2. Sector-Specific Movements:

    • The Dow Jones Industrial Average and the Nasdaq Composite was up 0.7% each to 41,393.8 and 17,684, respectively. 

    • The S&P 500 also increased 0.5% to 5,626. All sectors notched gains, led by utilities and communication services.

  3. Economic Indicators:

    • For the week, the Nasdaq jumped nearly 6%, while the S&P 500 advanced 4% & The Dow increased 2.6%.

Other Asset Classes

  1. Treasury Yields:

    • The US two-year yield decreased 5.9 basis points to 3.59%, while the 10-year rate dropped 2.1 basis points to 3.66%. 

  2. Currency:

    • The dollar index which measures the currency against the yen and five other major rivals, dropped to a one-week trough at 101.00

  3. Commodities:

    • Brent crude was trading at $71.78 a barrel, while U.S. WTI firmed 28 cents to $68.93 per barrel.

    • Crude prices continued a rebound from a three-year low.

    • Gold rose 1.1% to $2,609.40 per troy ounce, while silver gained 3.2% to $31.08 per ounce.

Asian Markets

  1. General Trends:

    • Asian stocks made a cautious start on Monday in a week that is almost certain to see the start of an easing cycle in the US. 

  2. Specific Index Performance:

    • Central banks in Japan and the UK also meet this week, with both expected to stand pat for now, while a packed data schedule includes U.S. retail sales and industrial production.

    • Holidays in China, Japan, South Korea and Indonesia made for thin conditions and early moves were modest. 

    • Japan's Nikkei was shut but futures traded at 36,490 compared to a cash close of 36,581.

    • Economic data from China over the weekend disappointed as industrial output growth slowed to a five-month low in August, while retail sales and new home prices weakened further.

India Market Outlook

  1. GIFT Nifty Projection:

    • Gift Nifty suggests a gap up opening of 50 points for the Indian markets. 

    • Nifty spot after a positive opening is likely to consolidate in the broad range of 25,100 - 25,550.

  2. Market in Previous Session:

    • On September 13, the Nifty 50 index entered a consolidation phase after hitting a fresh high in the previous session. The index closed with minor losses, around the 25,350 mark, amid a mixed performance across sectors. 

    • This consolidation suggests that traders may be pausing for a breather after recent gains, as investors assess market conditions and sector-specific developments. The minor losses indicate that while some profit-taking occurred, there wasn't a broad-based sell-off, keeping the overall market sentiment neutral to slightly cautious.

    • By the close, Nifty closed at 25,356.5 , Sensex was down by 0.09% closing at 82,890.94.

    • Among sectors, except FMCG and Energy indices are down 0.6 percent each, on the other hand, IT, media, metal, realty and PSU Bank are up 0.5-1.7 percent.

    • The broader indices have outperformed the main index, with Nifty midcap 100 crossed 60,000 for the first time, while Nifty smallcap 100 index added nearly a percent and inched closer to its 52-week high.  

  3. Nifty Short-Term Outlook:

    • Going ahead, we expect the index to extend the current rally and head higher towards 25750-25850 in the coming weeks being the confluence of the measuring implication of the recent range breakout (25300-24750) and the upper band of the rising channel of the last one month.

    • The immediate support for Nifty is revised higher towards 24800-24900 being the confluence of the 20 days EMA and the lower band of the rising channel as seen in the adjacent chart.

  4. Intraday Levels:

    • Nifty: Intraday resistance is at 25,440 followed by 25,520 levels. Conversely, downside support is located at 25,290, followed by 25,200.

    • Bank Nifty: Intraday resistance is positioned at 52,100, followed by 52,240, while downside support is found at 51,750, followed by 51,640.

    • Fin Nifty: Intraday resistance is positioned at 24,140, followed by 24,200, while downside support is found at 23,840, followed by 23,800.

Derivative Market Analysis

  1. Nifty:

    • The highest call OI has been observed at the 26,000 level, which is an interesting point to watch. However, immediate call OI addition has been placed at the 25,400 level, which will act as immediate resistance.

    • On the flip side, the highest put OI addition has been noted at the 25,000 level, whereas immediate OI addition has been noted at the 25,200 level, which will serve as immediate support.

    • According to option chain analysis, the immediate range for the index is between the 25,200 and 25,400 levels. A break on either side of this range may trigger a further directional move.

    • The Nifty put-call ratio has declined by 0.11 and is now positioned at 1.33.

  2. Bank Nifty:

    • Across strikes, put writers are active below the 51,900 level, suggesting multiple support levels for Bank Nifty, with strong support for the week noted at the 51,500 level.

    • The highest call OI addition has been noted at the 52,000 level, which will serve as immediate resistance. If prices surpass and sustain above the 52,000 level, short-covering towards 52,500 could be likely.

    • According to option chain analysis, the immediate range for Bank Nifty is between the 51,500 and 52,000 levels.

    • The Bank Nifty put-call ratio has declined by 0.06 and is now positioned at 1.13.

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

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4700+ Cr MTF Book

icon-with-text