News highlights from across the globe
The International Monetary Fund (IMF) has raised its 2024-25 GDP growth forecast for India by 20 basis points to 6.5 percent, although it continues to trail expectations of Indian authorities. At 6.5 percent, the multilateral agency's revised growth forecast for next year is 20 basis points lower than its estimate of 6.7 percent for 2023-24. One basis point is a hundredth of a percentage point.
Global Stock Market Today
Important news updates from the domestic front
Nifty Overview & Outlook
Derivatives Overview & Outlook
Yesterday, long unwinding was seen in Nifty and Finnifty futures with decrease in open interest by 8.5% and 15.9% respectively, whereas Banknifty future remained almost unchanged on price as well as on open interest front.
On the sectoral front, short buildup was seen in Chemicals, Capital goods, FMCG and Finance stocks, whereas long buildup was seen in Media stocks.
On options front, call writing was seen at multiple strikes and maximum positions are at 21000 PE and 22500 CE closely followed by 21700 CE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 1971 Cr in the cash segment, sold stocks futures and index future worth Rs 382 Cr and Rs. 228 Cr respectively. DIIs were net buyer in the cash segment to the tune of Rs 1003 Cr.
Nifty Futures, Banknifty Futures and Finnifty Key Levels
F&O Securities in Ban Today – ZEEL.
Important Results Today – AMBUJACEM, AWL, BANKBARODA, DABUR, DIXON, GMRINFRA, GODREJCP, IDFC, JINDALSTÈEL, JUBLIFOOD, MARUTI, MSUMI, PVRINOX, SHREECEM, SUN PHARMA.
Disclosure
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, ICEX and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates.
Globe Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. Rolex Finvest Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited and Lakshya Impex Private Limited are associates of GCML.
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