Market Savera - 31/ 12 / 24

Stock Market Updates

Morning Market Comments

U.S. stocks ended sharply lower on Monday as some traders took profits before the end of the year, Wall Street closed in negative territory on Monday in light volume at the top of a holiday-shortened week in the second-to-last trading session of an eventful year in which all three indexes posted strong double-digit gains.

Global shares retreated Monday in thin trading as the year was drawing to a close without the euphoria that pushed many world markets to record highs in 2024.

China’s factory activity growth in December missed analysts’ expectations Tuesday, signaling that Beijing’s stimulus measures were not sufficient to meaningfully boost the country’s ailing economy.

Lupin acquires Huminsulin from Eli Lilly to Enhance Diabetes Portfolio

SBI Life To Acquire 10% Stake In Bima Sugam India Federation For Rs 6.6 Crore

BPCL buys Middle East grades to replace Russian shortfall

Asian shares are under pressure on the last trading day of the year on Tuesday, after weakness in the technology sector extended losses on Wall Street for a third session.

After four days of narrow move, Nifty resumed its downtrend by falling 168 points or 0.71%, on Dec 30 to close at 23644. The broader range for the Nifty has been 23500-24000 for the last 5 trading sessions and either side breakout would decide the further trend. However, the positional trend remains down as Nifty is currently placed below key moving averages.

Indian markets could open lower, despite mixed Asian markets today and in line with lower US markets on Dec 30