The Indian markets ended on a weak note today, weighed down by broad-based selling.

Indices Performance:

• Nifty 50: 24,336 (-1.35%)

• Sensex: 80,684 (-1.30%)

• India VIX: 14.49 (+3.35%)

The rise in the India VIX indicates heightened market volatility, signaling caution among traders ahead of key global events.

Sectoral Highlights

• Top Gainer:

Nifty Media (+0.02%)

• Top Losers:

• Nifty PSU Banks (-1.82%)

• Nifty Infra (-1.72%)

Top Movers

Gainers:

• Jyoti CNC: ₹1,435 (+10.85%)

• Quess Corp: ₹719 (+7.40%)

Losers:

• Shriram Finance: ₹2,976 (-5.12%)

Key News & Updates

1. Mazagon Dock (₹5,311 | +5.58%) • Stock surged to a 4-month high ahead of its upcoming stock split.

2. Nazara Technologies (₹1,033 | +0.03%) • Kiddopia signed a content expansion deal with Moonbug Entertainment, boosting growth in edutainment.

3. RCF (₹184 | +4.60%) • DAP prices are likely to rise 12-15% starting January 1, 2025.

4. BCL Industries (₹51.72 | -2.51%) • Stock gained momentum following clearance for ethanol and bio-diesel plants.

5. TARC (₹187 | -10%) • Hit the lower circuit as SEBI ordered a forensic audit of financials for FY20-23.

Market Sentiment

The broader market reflected a bearish tone with 671 advancing stocks compared to 1,712 declining stocks, showcasing negative market breadth.

Global Economic Calendar

• US Federal Reserve Meeting: Traders remain cautious as concerns around interest rate policy loom large.

• China Economic Data: Key industrial and trade figures expected this week may influence global sentiments.

• European Inflation Numbers: Upcoming Eurozone inflation data could guide ECB’s monetary stance.

Market participants are advised to monitor developments around the Federal Reserve’s policy expectations, as global events will continue to influence investor sentiment.

Technical Insights

For Nifty’s support and resistance levels, watch our YouTube channel where we provide in-depth analysis and actionable strategies.

Stay tuned for tomorrow’s updates and key insights. Happy Investing!