Did they took a PAUSE🤔???

Home>Markets>Did they took a PAUSE🤔???

What happened yesterday?             

Indian Market

Indian indices ended in red territory on Thursday, weighed down by sustained foreign outflows. The foreign selling was mainly triggered by elevated valuations in India and relatively cheap valuations in China and Hong Kong.

At the close, the BSE Sensex slipped 16.82, or 0.02%, to 80,065.16, while the NSE Nifty 50 plunged 29.80 points, or 0.1%, to 24,405.70.

• Hindustan Unilever (HINDUNILVR, BOM:50069) topped the laggards on Thursday, with shares dropping 6%, followed by SBI Life Insurance SBILIFE and Hindalco Industries HINDALCO.

• Conversely, UltraTech Cement ULTRACEMCO, Shriram Finance SHRIRAMFIN and Grasim Industries GRASIM were the top gainers.

• India's private-sector economy sustained its expansion in October, according to the HSBC flash purchasing managers index (PMI) survey compiled by S&P Global.

• The HSBC flash India composite output PMI index, which covers the manufacturing and services sectors, reached 58.6 during the month, rising from 58.3 a month ago and greater than its 54.7 long-run average.

FII net sold for -5,062.45   crores

DII net bought for +3,620.47   crores

US Market

The Nasdaq Composite and the S&P 500 closed higher Thursday, aided by a post-earnings rally in Tesla TSLA shares, while the Dow Jones Industrial Average fell.

The technology-heavy Nasdaq rose 0.8% to 18,415.5, while the S&P 500 advanced 0.2% to 5,809.9. The Dow dropped 0.3% to 42,374.4. Consumer discretionary led the gainers among sectors, up 3.2%. Materials saw the biggest drop.

• In company news, Tesla shares surged nearly 22%, the best performer on the S&P 500 and the Nasdaq. Late Wednesday, the electric vehicle maker's third-quarter earnings unexpectedly increased year over year, but revenue fell short of Wall Street's estimates.

• Molina Healthcare MOH was the second-top gainer on the S&P 500 Thursday, up 18%. The company delivered a third-quarter beat late Wednesday.

• IBM IBM shares dropped 6.2%, the steepest decline on the Dow. Late Wednesday, the computer hardware and software firm posted third-quarter earnings ahead of the Street's expectations, while its revenue fell short amid declines in its consulting and infrastructure segments.

• Newmont NEM shares sank 15%, the worst performer on the S&P 500, following a third-quarter miss late Wednesday.

• The US 10-year yield decreased three basis points to 4.21%, while the two-year rate lost one basis point to 4.08%.

• In economic news, new-home sales in the US rose more than expected last month, while median prices at the national level picked up both sequentially and annually, government data showed.

• US private-sector output expanded in October, while the year-ahead outlook reached a 29-month high, according to S&P Global's SPGI flash purchasing managers' index.

• Weekly applications for unemployment insurance in the US declined last week, while continuing claims rose to their highest point since November 2021, according to government data.

• West Texas Intermediate crude oil dropped 0.5% to $70.45 a barrel Thursday.

• Gold rose 0.7% to $2,748 per troy ounce, while silver dropped 0.1% to $33.82 per ounce.

What to expect today?   

• Asian market trading mixed where Japan in  -0.97% and Hong Kong +1.17%
  US Futures trading  at +0.05%

• GIFT NIFTY trading  at -0.09%, down by -21.5 points

• All the factors indicating a flat to gap up opening in the market.

NIFTY Technicals

In NIFTY high amount of call OI at 25,000 and put OI at 24,500, PCR at 0.89. NIFTY FUT indicating SHORT BUILDP . And in case of BANKNIFTY, PCR stays at 0.92 and FUT with SHORT COVERING.

We follows the same plan as of yesterday

If NIFTY shows reversal signs it should make a 4HR candle close above 24,722.65 (NF FUTURE) & chances for slight reversal are from 24,235 to 24,325.

INDIA VIX falls to 13.9700

 All the best for the day.