Market Savera - 24 / 12 / 24

Stock Market Updates

U.S. stocks ended higher on Monday, with tech stocks leading the gains, boosting investors' hopes for a year-end "Santa Claus rally." A rally in some of the world’s largest technology companies prompted a rebound in stocks, following a brief slide fueled by weaker-than-expected data on US consumer confidence.

Oberoi Realty inks development pact for 81-acre land parcel in Alibaug near Mumbai

HG Infra Engineering arm inks battery storage deal with NTPC

Sterling and Wilson RE bags domestic order worth ₹1,200 crore

Stocks in Asia saw muted gains amid relatively thin holiday trading after a rally in some of the world’s largest technology companies boosted US benchmarks. Sentiment has soured in Asia in recent months due to concerns over higher global tariffs threatened by US President-elect Donald Trump, a stronger dollar and China’s lackluster economic recovery.

Nifty broke five session’s losing streak on the back of strong global cues on Dec 23 by rising 166 points or 0.70%, to close at 23753. Combination of Friday’s fall with Monday’s pullback resulted in a bullish candlestick pattern on the Nifty daily chart. Nifty moving above 23870 could extend the pullback towards the next resistance of 24065. On the lower side 23500 seems to have become a strong base in the near term.