NIFTY 50 (4-NOV TO 13-DEC) AVERAGES

DATE OPEN HIGH LOW CLOSE OPEN HIGH LOW CLOSE

4-Nov-24 24,315.75 24,316.75 23,816.15 23,995.35 24186.77 24319.03 24019.46 24174.91
5-Nov-24 23,916.50 24,229.05 23,842.75 24,213.30
6-Nov-24 24,308.75 24,537.60 24,204.05 24,484.05
7-Nov-24 24,489.60 24,503.35 24,179.05 24,199.35
8-Nov-24 24,207.70 24,276.15 24,066.65 24,148.20 Chart Title
11-Nov-24 24,087.25 24,336.80 24,004.60 24,141.30
12-Nov-24 24,225.80 24,242.00 23,839.15 23,883.45
24350
13-Nov-24 23,822.45 23,873.60 23,509.60 23,559.05
14-Nov-24 23,542.15 23,675.90 23,484.15 23,532.70 24300

18-Nov-24 23,605.30 23,606.80 23,350.40 23,453.80 24250

19-Nov-24 23,529.55 23,780.65 23,464.80 23,518.50
24200
21-Nov-24 23,488.45 23,507.30 23,263.15 23,349.90
22-Nov-24 23,411.80 23,956.10 23,359.00 23,907.25 24150

25-Nov-24 24,253.55 24,351.55 24,135.45 24,221.90 24100

26-Nov-24 24,343.30 24,343.30 24,125.40 24,194.50
24050
27-Nov-24 24,204.80 24,354.55 24,145.65 24,274.90
28-Nov-24 24,274.15 24,345.75 23,873.35 23,914.15 24000
29-Nov-24 23,927.15 24,188.45 23,927.15 24,131.10 23950
2-Dec-24 24,140.85 24,301.70 24,008.65 24,276.05
23900
3-Dec-24 24,367.50 24,481.35 24,280.00 24,457.15
4-Dec-24 24,488.75 24,573.20 24,366.30 24,467.45 23850
OPEN HIGH LOW CLOSE
5-Dec-24 24,539.15 24,857.75 24,295.55 24,708.40
6-Dec-24 24,729.45 24,751.05 24,620.50 24,677.80
9-Dec-24 24,633.90 24,705.00 24,580.05 24,619.00
10-Dec-24 24,652.65 24,677.80 24,510.65 24,610.05
11-Dec-24 24,620.50 24,691.75 24,583.85 24,641.80
12-Dec-24 24,604.45 24,675.25 24,527.95 24,548.70
13-Dec-24 24,498.35 24,792.30 24,180.80 24,768.30
TOTAL 677,229.55 680,932.80 672,544.80 676,897.45
AVERAGE 24186.76964 24319.02857 24019.45714 24174.90893
4,NOV,24
Some Nifty 50 companies reported weaker-than-expected quarterly earnings, contributing to negative sentiment in the market
FIIs were net sellers in the equity market, which further exacerbated the decline.
Hero MotoCorp led the fall with a 4.27% decline, along with Grasim Industries and Bajaj Auto, which fell 4.01% and 3.55%,
respectively. These declines pulled the index down

5,NOV,24
Global markets showed signs of stabilization after initial jitters from the U.S. election uncertainty and Federal Reserve policy
concerns
JSW Steel surged 4.67%, while Bajaj Auto and Hindalco Industries posted gains of 3.67% and 3.45%, respectively
Investors covering their short positions ahead of the U.S. Federal Reserve’s interest rate announcement further supported the
market recovery.

6,NOV,24
Tata Consultancy Services (TCS) rose 1.24%, and Wipro climbed 1.18%, supported by demand recovery in key markets
Financials supported the index, with strong performances from HDFC Bank and Axis Bank, driven by expectations of steady
credit growth.
Stocks like Bharat Electronics (BEL) surged 4.39%, benefiting from defense-related announcements
7,NOV,24
Hindalco Industries fell 8.49%, contributing significantly to the index's decline
Concerns about the U.S. Federal Reserve's impending monetary policy decision created caution among investors
Continued selling by Foreign Institutional Investors (FIIs) exerted pressure on the market, particularly in large-cap stocks.

8,NOV,24
Trent and Coal India, two major components of the index, were among the top losers, contributing to the decline.
Trent saw a drop of 3.18%, while Coal India declined 2.60%, with weakness in retail and energy sectors dragging the
index

11,NOV,24
Asian Paints dropped by 8.17%, and Britannia Industries fell 5.44%, significantly impacting the index. These declines in
consumer goods and healthcare stocks led to a bearish sentiment in the market.
•Broader global market sentiment remained cautious, particularly with the ongoing uncertainties around the U.S. elections and
the economic impact of ongoing geopolitical events.

12,NOV,24
Britannia Industries: The company reported quarterly profits below market expectations, leading to a significant drop of 7.49% in
its stock price
Persistent selling by FIIs continued to exert downward pressure on the market. Since October, foreign investors have withdrawn
nearly $14 billion from Indian equities, dampening investor sentiment
13,NOV,24
India's retail inflation reached a 14-month high in October, dampening expectations for an interest rate cut by the Reserve Bank
of India
Foreign investors have sold approximately $14 billion worth of Indian stocks since September 27, contributing to market volatility
Corporate earnings have been the weakest in over four years, adding to investor concerns.

14,NOV,24
The July-September quarter marked the weakest performance in over four years, with more than half of Nifty 50 companies
missing or merely meeting analysts' expectations.
Significant outflows from FIIs were observed, influenced by global economic shifts and rising U.S. bond yields.
Concerns about a potential economic slowdown were heightened by weak industrial production and subdued consumer demand

18,NOV,24
The Information Technology sector led the decline, with a 2.9% drop, as lower expectations for U.S. rate cuts made Indian
markets less attractive to foreign investors

19,NOV,24All 13 major sectors recorded gains, with significant rebounds in the Information Technology and Oil & Gas sectors,
each rising about 2%
Analysts attributed the uptick to a short-term relief rally, noting that the market was in "oversold" conditions, which typically lead
to rebounds
21,NOV,24
Adani Enterprises plummeted 22.3%, and Adani Ports fell 20%, leading to a combined market value loss of approximately $22
billion for the group. This sharp decline in Adani stocks significantly impacted the Nifty 50 index
The allegations against the Adani Group affected various sectors, with state-owned lenders experiencing a 3.6% drop and the
energy sub-index losing 2.2%. Banking stocks faced pressure due to their exposure to the Adani Group.
Negative global cues, including concerns over high valuations and weak corporate earnings, contributed to the bearish sentiment.
Goldman Sachs projected that Indian equities would remain flat over the next three months due to these factors

22,NOV,24
Positive employment figures from the United States indicated a robust labor market, which bolstered investor confidence
globally. This optimism particularly benefited Indian IT companies, as a healthy U.S. economy often translates to increased
business opportunities for them
The market rebounded from earlier losses, with the Nifty 50 reclaiming the 23,900 mark, recovering from five-month lows
experienced in the previous session

25,NOV,24
Maharashtra Election Results: The ruling National Democratic Alliance (NDA), led by the Bharatiya Janata Party (BJP), secured a
victory in the Maharashtra state elections. Maharashtra, being home to Mumbai—the financial capital of India—holds significant
economic importance. The election outcome boosted investor confidence, anticipating political stability and favorable economic
policies.
26,NOV,24
After a two-day rally, investors engaged in profit booking, leading to a modest pullback in the index
Shares of Adani Group companies continued to fall following U.S. indictments of key executives, contributing to negative
sentiment in the market
Uncertainties in global markets, including potential tariff implementations by the U.S., added to investor caution, impacting
market performance

27,NOV,2024
Adani Group stocks rebounded, with gains ranging between 0.5% and 7.5%, following previous declines due to bribery allegations
against the founder. The group's dismissal of the charges as "baseless" helped restore investor confidence.
NTPC Green Energy's shares rose approximately 13% during its trading debut, indicating strong investor interest in the renewable
energy sector. Conversely, Prestige Estate Developers experienced a decline following a downgraded outlook from Morgan
Stanley.
The expiration of futures and options contracts contributed to increased market volatility, influencing trading patterns and
investor behavior

28,NOV,24
Rising inflation can erode purchasing power and corporate profits, leading to market downturns. Recent concerns over increasing
urban and rural food inflation have impacted investor sentiment
An inverse relationship often exists between the U.S. Dollar Index and the NIFTY 50. A strengthening dollar can lead to a
depreciating rupee, affecting sectors dependent on imports.
29,NOV,24
The Nifty Media index increased by 2.1%, followed by Nifty Pharma and Healthcare, which gained nearly 1.5%
The stock rose by 1% after a previous decline, aiding the index's upward trajectory
The NIFTY 50 reclaimed its 21-day Exponential Moving Average (DEMA) and formed a green candle, indicating potential
consolidation

2,DEC,24
The stock surged by 2.7% following a positive brokerage outlook, boosting investor confidence in the cement sector
Shares rose by 2% due to strong sales volumes and favorable brokerage recommendations, positively impacting the auto
sector

3,DEC,24
Reliance Industries: The stock added 1%, contributing to the index's upward movement
Adani Ports: Shares rose 4% following positive analyst ratings, boosting investor confidence
Reports of potential GST increases on products like aerated beverages and tobacco-related items led to a 0.7% decline in the
consumer index, with companies like ITC and Varun Beverages experiencing losses

4,DEC,24
The banking sector showed positive momentum, with the Bank Nifty closing at 52,695.75, a gain of 1.13%
The Indian stock market opened on a tepid note, tracking mixed global cues, which influenced investor sentiment throughout the
trading session.
5,DEC,24
The financial sector, which had gained 2.6% over the prior four sessions, declined by 0.75%, pulling the index lower
Positive comments from the U.S. Federal Reserve Chair regarding the U.S. economy provided some support to IT stocks, given
their significant exposure to the U.S. market

6,DEC,24
The central bank reduced the CRR by 50 basis points, aiming to enhance liquidity in the banking system.
Despite the CRR cut intended to boost liquidity, investors remained cautious, leading to a subdued market response
Conversely, sectors including Ports and Pharmaceuticals experienced declines, with Adani Ports and Cipla among the top losers

9,DEC,24
The consumer sector experienced a significant downturn, with a 2.2% decline. This was primarily due to Godrej Consumer
Products' stock plummeting by 10.2% following a bleak third-quarter forecast
Analysts suggested that the markets might experience minimal movement in upcoming sessions before U.S. and domestic
inflation data releases, indicating a consolidation phase

10,DEC,24
Investors exhibited caution ahead of the release of key inflation data from both India and the United States, which are critical in
shaping monetary policy decisions
Shares of Swiggy rose by 3.3% following a favorable outlook from CLSA, indicating positive investor sentimen
11,DEC,24
Sectors such as Information Technology (IT), Automobile, and Fast-Moving Consumer Goods (FMCG) contributed to the
market's upward movement.
Among the top gainers, Bajaj Finance saw a notable increase, contributing positively to the index.
Investors exhibited caution ahead of the release of key inflation data from both India and the United States, which are critical in
shaping monetary policy decisions.

12,DEC,24
The telecom sector experienced significant gains, with major players like Bharti Airtel and Reliance Jio seeing stock price
increases of 2.5% and 3.1%, respectively. This surge was attributed to reports of increased average revenue per user (ARPU) and
subscriber growth.
The session witnessed net purchases by FIIs amounting to ₹2,500 crore, indicating robust foreign investor confidence in the
Indian market.

13,DEC,24
Major gains were seen in Bharti Airtel (+2.5%) and Reliance Jio (+3.1%), driven by improved ARPU and subscriber growth
reports.
Banking stocks saw moderate gains due to eased inflation concerns, fostering hopes for sustained credit growth.
ANALYSIS OF NIFTY 50
DATA