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Stocks to Watch Today – December 16: TCS, SBI, BHEL, Hyundai Motor, Can Fin Homes in Focus
Indian markets may open flat as investors track stock-specific action in TCS, SBI, BHEL, Hyundai Motor, Can Fin Homes amid key corporate updates.
Global Events
World Markets.
US Market Negative
Dow UP 23 (+0.05%)
NASDAQ Down 141 (-0.61%), S&P Down 11 (-0.16)
European Market Positive
FTSE UP 102 (+1.05%), CAC UP 56 (+0.69%),
DAX UP 43 (+0.18%)
Asian Markets Negative
Nikkei Down 612 (-1.22%), Hang S. Down 414 (-1.61%),
Taiwan Down 354 (-1.27%), Kospi Down 73 (-1.79%), Shanghai Down 44 (-1.15%),
St.T Down 12 Points (-0.26%)
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GIFT Nifty Down 50 Points (26,040)
DOW Future Down 23 Points
NASDAQ Futures Down 87 Points
Brent Crude UP 0.50% and near at 60/bbl
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US and Asian Market down and Europene markets up
Brent Crude fall 2% and nead 60 $ per barrel
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US New York Empire State Manufacturing Index for December pointed to a sharp slowdown in activity. The index fell to -3.9 from 18.7 in November, missing market expectations of 10.6.
Fed Governor Stephen Mira was dovish while Boston Fed President Susan Collins justified her decision at the December meeting, striking neutral comments. Contrarily, New York Fed President John Williams was modestly hawkish, saying that policy has moved “from modestly restrictive” to neutral.
European Central Bank’s (ECB) interest rate decision on Thursday, where policymakers are widely expected to keep interest rates unchanged.
Markets await delayed US NFP reports and Retail Sales for clues on the Fed’s monetary policy outlook. US November Nonfarm Payrolls are expected to show job gains of 40K, with the Unemployment Rate steady at 4.4%. October Retail Sales are forecast to rise 0.2% MoM, unchanged from September.
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All Eyes On....
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Domestic Events
Dollar Index Down 0.00 at 98
Rupees Down 0.30 paisa to close at 90.73 against US$
Sector Watch
Insurance, Capital Goods, OMCS, Fert., NBFC, Chemical, Cement, Banking, Realty, FMCG
Sector Avoid
Oil & Gas, Oil Explosive, Auto, Power, Leather
Indian Markets Trend
With gap down start fruther fall may seen on straight secon Day
Nifty-50 likley to break 25950 and Sensex 85000 level
Makets may recover later on with short covering at lower level
Overall markets to remain volatile with both way trade
Whole sale prices fell 0.32% in November
Exorts grow fastest in nearly 3.5 year
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ALL EYES ON...
Nifty-50 weekly expiry today
Primary Markets
Mainboard IPO Subscribed :
ICICI Prud. AMC IPO booked 2x on Day 2 of bidding
Corona Remedies Surges 34 on debut
Wakefit IPO share fall 9.23% after listing
Us Trade deal in final lap
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Listing Today...
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Q2 FY25 Results
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