The BSE sensex closed the shop at 60,718 UPby 32 points and the Nifty close the day at 18,093 byloosing9 points.
On the Upside: Powergrid, Ongc, Itc, Cipla
On the downside-Coalindia, Tatasteel, Hindalco, Eichermot.
Tech View:-.Today we have witnessed flat session in both major indices,In the morning session the BSE sensex opened 150 points higher at 60,837. The BSE come down to low of 60,597. However, it cover the losses at the end and eventually ended on a flat note at 60,718 – up 32 points. Where; The NSE Nifty ended nine points Lower at 18,093.
Nifty formed Bearish candle on daily chart, Going forward below 18000 mark we may see profit bookingl, so going forward 17900 mark will act as a support and 18200 – 18300 zone will be react as resistance.
European & USA markets: @ IST 4:45 European markets were trading atPositivenote. Where the Germany’s DAX tradingPositiveby 0.15 %, Other hand France’s CAC40 indexrunningPositiveby 0.35% where, England’s FTSE100 indexNegative by 0.11%.
Where; wall street @ IST 04:45The DOW future contract tradingPositive108points, S&P 500 Future trading Positive 10points, Where; Nasdaq100 futurePositive35points.
Global News Analysis:
Germany’s inflation rate will drop noticeably at the start of next year when the effects of one-off factors peter out, the economy ministry said on Monday.
USA:- Minneapolis Federal Reserve Bank President Neel Kashkari said on Sunday he expects higher inflation continuing over the next few months but warned that the U.S. central bank should not overreact to elevated inflation as it is likely to be temporary.
USA:-A year ago, as the coronavirus built toward its most intense peak, the U.S. economy was in a dark spot with job growth stalled, more than 10 million out of work and about to lose unemployment benefits, and warnings of a slide back into recession. .
Japan’s economy contracted much faster than expected in the third quarter as global supply disruptions hit exports and business spending while new COVID-19 cases soured the consumer mood, undermining efforts to stoke a virtuous growth cycle.