Market Savera - 11/12/2024

Stock Market Updates

U.S. stocks finished lower on Tuesday driven by a drop in AI leader Nvidia as the year-end rally took a pause ahead of the November consumer-price index report due Wednesday.

U.S. and global benchmark oil futures on Tuesday finished modestly higher, with the recent fall of the Assad regime in Syria raising risks surrounding Middle East supplies and a pledge by China’s politburo to implement more fiscal stimulus feeding prospects for energy demand.

Asia-Pacific markets were mixed Wednesday, after major Wall Street benchmarks declined.

BEML Ltd secures significant order for 50-Ton Trailer worth Rs. 83.51 crores from Ministry of Defence

LTI Mindtree and GitHub Forge Strategic Alliance to Accelerate AI-Driven Software Engineering

H.G. Infra Engineering Limited has received the letter of acceptance for a project worth Rs.763.1 cr.

Nifty closed the session on Dec 10 with a loss of 0.04% or 9 points, falling for the third consecutive session to close at 24610. Short term trend is still bullish as it is placed above its 5, 10 and 20 days EMAs. Short term support for the index is seen at 24343, while resistance for the same is seen at 24857

Indian markets could open flat to mildly lower, in line with mixed Asian markets today and lower US markets on Dec 10.