Global markets are suggesting Negative signals, so our Indian markets are likely to start with a “Gap Down” opening today.
* The Nifty has shown resilience during the current consolidation phase, indicating potential strength in the market.
* Analysts suggest that the upcoming monthly expiry of November derivatives contracts could lead to a breakout above the 24,350 level.
* Market sentiment appears muted as GIFT Nifty signals a mixed start for Asian shares.
* C2C Advanced Systems has deferred its listing date to December 3 following a Sebi directive regarding its auditing system, despite a strong IPO subscription of over 100 times.
* The company’s GMP has significantly increased to Rs 145, indicating a premium of 64% over the issue price, reflecting robust investor interest.
* Concerns raised by regulators have led to a withdrawal option for investors, with the withdrawal window open on November 27 and 28.
* Easy Trip Planners has announced a 1:1 bonus share issue, with the record date set for November 29, 2024, marking its third bonus issue.
* Investors must purchase shares before the record date to qualify for the bonus shares, as today is the last day for eligibility.
* Adani Ports, Nalco, and NTPC are experiencing significant price movements, with analysts suggesting buying opportunities for all three stocks.
* Adani Ports has shown a recovery from a low of 996, with a potential upside target of 1500-1700 in the next 10-12 months, while Nalco is expected to rebound from a support level of 230 towards 290-320.
* Gold prices remained stable amid concerns over a potential tariff war under the incoming Trump administration, with spot gold priced at $2,636.35 per ounce.
* Economic indicators showed mixed results, with the U.S. GDP growth for Q3 steady at 2.8%, while inflation remains a challenge for the Federal Reserve.
