Daily Insights

Stocks rise amid China uncertainty

NiftyTrader • November 30, 2022

Post Views: 1,310
IndexPriceChange% Chg
NIFTY 5018758.35+140.30+0.75%
NIFTY BANK43231.00+177.55+0.41%
BSE SENSEX63099.65+417.81+0.67%
Daily closing price, change and % change of benchmark indices.

Nifty closed at 18758.35

Today the benchmark indices reached new highs. NSE Nifty 50 started at low and was up by 0.75 percent. Nifty near 18760.

Today, the Bank Nifty also opened in red and was up by 0.41 percent. Closed in green at 43231. BSE Sensex was up by 0.67 points and closed in green at a high of 63099.65.

Indian markets extended the up trend and November is one of the best performing months of the current year. The Nifty 50 is up about 8.10 percent year to date, with a 4.14 percent gain in November. However, the S&P 500 US is down 17 percent year to date, but it has gained over 2.2 percent in November.

Furthermore, all Asian currencies are expected to end November higher because of a weaker dollar and expectations of slower Fed interest rate hikes.

NIFTY ON THE RUN...SCALES NEW HIGHS
Nifty scales new highs, though now getting into overbought territory as RSI is at 73.26

Today, the advance-decline ratio was 1.58, and the market breadth was positive. The volatility index India Vix further increased 1.41 percent to settle at 13.81.

DAILY MARKET ACTION
Advancers – 1348
Decliners – 851
52Wk High –  67
52Wk Low – 25
High Band Hitters – 89
Low Band Hitters – 36
200d SMA – 17058
50d SMA – 17764
20d SMA – 18320

Top Gainers and Losers

The top gainers were M&M  (+4.05%), Hindalco (+3.19%), Grasim (+2.55%), SBI Life (+2.44%), and UltraTech Cement  (+2.18%).

The top losers were IndusInd Bank (-1.07%), SBIN (-0.92%), HCL Technologies (-0.62%), and ITC (-0.58%).

Sectors & Broader Indices

The top gainers sector were Metal (+1.81%), Auto (+1.72%), Realty (+1.45%), FMCG (+1.02%) and Oil & Gas (+0.83%).

The Nifty Midcap 50 was up by 1.04 percent, while the Nifty Small Cap 50 up by 0.57 percent.

SECTORS – NOTABLE ACTION
METAL +1.81%
AUTO +1.72%
REALTY +1.45%

Daily Pivots

S2S1R1R2
18531186451884418930
Daily Nifty Pivots

The Nifty trading range for tomorrow is 18640 to 18850.

Read previous -Daily Insights- here
Nifty closed at 18562.75 up by 0.27 percent
Nifty near lifetime High!
Markets fall for the third day in a row.

This article is only for educational purposes and is not an investment advice.

#inflation Bear Market DII FII Gainers and Losers Inflation data Market Direction Market Standstill Market Trend Nifty Nifty Bulls UK U Turn Uncertainty US Fed Volatility
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