The market opened at record highs today amid good global cues. Sensex appears above 175 points.
10:35 AM
Bulls have filled the market with excitement. The Nifty and the Sensex have created a new peak. Sensex is seen near 45 thousand. Midcap is fast for the fifth consecutive day. The midcap index is up about 1 percent.
10:30 AM
The shares of government companies have increased. GAIL jumped 13 percent in a week to become the top gainer of NIFTY. STC has an upper circuit of 10%. MMTC has also gained 11 per cent.
IndusInd Bank shares jump over 4% on takeover news by Kotak Bank; promoters deny, call baseless
10:05 AM
Today the rupee has opened weaker against the dollar by about 1 rupee. The rupee today opened at 74.81 against 73.80.
10:00 AM
NAVA BHARAT VENTURES has tied up with Tata Steel Mining for the conversion of High Carbon Ferro Chrome until March 2025. Tata Steel Mining is a subsidiary of Tata Steel.
09:25 AM
The market opened at record highs today amid good global cues. Sensex appears above 175 points. At the same time, Nifty is trading around 13175. Along with heavyweight stocks, midcap stocks are also seeing a boom. The midcap index of BSE is trading at 0.83 per cent. At the same time, the Smallcap index is trading with a gain of 0.69 per cent. Oil-gas stocks are also seen today. The BSE oil and gas index is trading up 1.2 per cent.
Onion prices cross Rs 73, know where onion is getting most expensive in the country
Currently, the 30-share BSE major index Sensex is trading around 44,770, up by 155 points, or 0.34 per cent. On the other hand, NSE Nifty, the 50-share major index, is trading around 13,165 with a gain of about 50 points i.e. 0.39 per cent.
08:45 AM
Global signs are good
Signs from US markets are good. The S&P 500 closed at a record high yesterday. At the same time, flat trading is being done in DOW FUTURES, Asia and SGX NIFTY today. As such, US markets are eyeing vaccines and relief packages. The DOW had closed up about 60 points in yesterday’s trade. Covid vaccine will start in the UK from next week. The US FDA will meet on December 10 on the Pfizer vaccine. There are mixed signs from Asia. At the same time, crude oil looks strong before the OPEC + meeting. Gold continues to boom. Gold shone in the hope of a relief package.
Second day of MPC meeting on policy
On the second day of RBI MPC meeting on credit policy, policy will come tomorrow, CNBC-Awaaz poll said 100% there will be no change in rates, but inflation and GDP growth can be increased on RBI policy at 8 am See the biggest poll
Expiry possible between 13050-13150: Poll
Today, the market will keep an eye on the weekly expiry. In CNBC-Awaaz Brokers poll, 57 percent of the experts said that the Nifty may expire from 13050 to 13150.
Strategy on NIFTY
Virendra Kumar of CNBC-Awaaz said that NIFTY has first registration at 13129-13140 and second registration at 13190-13220. Its first base is
13020-12970 and second base is 12910-12870. Be prepared for fluctuations in a radius. Today the range of 13187-12970 is possible. Buy on the decline, EXIT at higher levels. The SECOND HALF is very important for the pullback. FIIs are trending sideways on the index.
Strategy on NIFTY BANK
Virendra Kumar of CNBC-Awaaz said that the first registration of NIFTY BANK is at 29660-29750 and the second registration is at 29941-30067. Its first base is 29265-29157 and second base 29050-28941. According to options data, the range of 29840–29200 is possible today. Call writing has taken place at 29700-30000. Pressure may be seen at 29700-30000. Shop on the decline. Take risk by thinking at lower levels.
Know today’s trading calls
Axis Securities
Buy Powergrid 193.50 SL 189 target 204
Prabhudas Lilladher
Buy sun pharma 540 sl 530 trgt 565
Nirmal Bang
SRF buy tgt 5320 sl 5140
