Market Savera - 17/12/2024

Stock Market Updates

Morning Market Comments

US stocks broadly ended Monday’s session higher with tech stocks leading the gains as traders geared up for interest-rate decisions by major central banks across the globe due later this week including the Federal Reserve's policy meeting that concludes on Wednesday.

India's merchandise trade deficit widened to a record-high of $37.84 billion in November from $27.14 billion in the previous month due to a sharp rise in inbound shipments of gold.

India's wholesale inflation slowed in November to 1.89% year-on-year, easing from the previous month, due to a smaller increase in food prices

Asia-Pacific markets were trading mostly lower Tuesday, tracking mixed gains on Wall Street as investors look toward the U.S. Federal Reserve’s decision stateside.

Qatar signs five-year LNG supply deal with India's GAIL. Wipro to acquire IT consulting firm Applied Value Technologies for $40 million. Texmaco Rail & Engineering gets Rs 187-crore order from Chhattisgarh

On Monday, Nifty lost 100 points or 0.4%, to close at 24668. Nifty is still in an uptrend, as it holds above the key moving averages. Immediate resistance is seen at 24857, while support is seen at 24500.

Indian markets could open mildly lower, in line with mostly lower Asian markets today and despite mostly higher US markets on Dec 16