Nifty FMCG: The range-bound movement of Nifty FMCG, within a defined range of 58,025 to 55,625, reflects a lack of clear directional bias for the index
Long build up is seen in the Bank Nifty futures where we have seen 3 per cent rise in the open interest with it rising by 1.07 per cent
Stock Market Today: The Nifty FMCG Index is currently trading within a crucial range of 58,050 - 55,675, and any breakout above or below this range will likely trigger significant directional momentum
Stocks to Buy Today: M&M stock has shown a relative outperformance to other auto stocks in the recent past and is now on the verge of a breakout from the consolidation phase
Crude prices moved higher Monday on the prospects for additional stimulus measures in China that could revive economic growth and energy demand
Additionally, the counter has surpassed its recent swing high, coinciding with earlier breakout zones, backed by rising volumes
Spot gold at the time of writing this report is trading at $2,631, down nearly 0.76 per cent on the day
The price has breached out of a consolidation zone and has given its highest daily close ever.
Emami has broken out of a bearish trendline, suggesting that downward pressure has been alleviated, paving the way for a potential bullish move
Bhosale picked one banking stocks and one IT stock to buy on December 2, 2024
Bhosale picked one banking stock and one IT stock to buy on December 2, 2024
As industrial commodities remain under pressure due to lack of China's fiscal stimulus and concerns over trade friction, silver will rely on geopolitical development for its upward traction
Spot gold is expected to be choppy on crosscurrents of haven demand on geopolitical worries and healthy risk appetite
The Nifty Energy index is currently consolidating, while, Nifty FMCG has witnessed a temporary technical bounce
The metal, closing 3.22 per cent lower at $2625 on November 25, traded between $2,605 and $2,642 on Tuesday and was down by nearly 0.20 per cent to trade at $2,620 at the time of writing this report
Traders are concerned that the Russia-Ukraine war is likely to take dangerous turns on escalating tensions
As North Korea may deploy as many as 100,000 troops to aid Russia's war on Ukraine, increasing the likelihood of North Korea becoming more directly involved in the conflict
The Nifty Financial Services index is trading within a narrow range of 23,500-23,075, meanhwile, the Nifty Bank index is currently trading within a well-defined range of 50,650-49,800
Havells has corrected 25 per cent in the past month, dropping 516 points from its peak of Rs 2,106
The Nifty index, currently trading at 23,532.7, has undergone a sharp short-term correction, pushing it into oversold territory