11 December LIVE Options Trading Today Nifty 50, Bank Nifty & SENSEX | Market Highlights | Intraday Scalping
Live Stock Market Updates: Domestic markets witnessed a strong rally following the Federal Reserve's 25-basis-point interest rate cut amidst rising inflation in the US. A decline in the 10-year US Treasury yield signaled a potential reduction in future foreign direct investment (FDI) outflows, further boosting sentiment. The automotive sector performed well, supported by expectations of robust demand, while the IT sector gained momentum on hopes of increased spending. Conversely, other Asian markets experienced selling pressure due to concerns over AI-driven valuations and rising Japanese bond yields, which negatively impacted overall domestic market sentiment.
LIVE Options Trading Today Nifty 50
Live Stock Market Updates: Stock markets closed higher on Wednesday, driven by improved investor sentiment following expectations of a 25-basis-point interest rate cut by the US Federal Reserve. However, a sharp decline in the Indian rupee to a record low tempered these gains, raising concerns about the currency. Fresh concerns about a lack of concrete progress in trade talks between India and the US also dampened risk appetite, limiting significant gains in domestic stocks. Weak Asian indices and heavy selling in US futures added to the pressure on the market, with shares of cloud computing leader Oracle falling more than 12% after its fourth-quarter revenue forecast fell short of expectations. Despite these challenges, the markets closed higher, although caution prevailed.
Bank Nifty & SENSEX | Market Highlights | Intraday Scalping
Both the Nifty 50 and Bank Nifty indices once again held above their rising channel support levels on the daily chart, confirming the continuation of the overall uptrend despite recent volatility. After a subdued opening, the Nifty found ideal support at the rising trendline and the 50-period Exponential Moving Average (EMA) near 25,735-25,750, which has acted as a demand zone for the past three sessions. The index recovered strongly from its intraday low of 25,693 and closed near 25,901, pushing back towards the 20-period EMA at 25,950, indicating renewed buying interest on every dip.
Stock Market LIVE Updates: Emkay sees extreme near-term volatility
Live Stock Market Updates: MC Global analysts expect volatility to continue in the Indian stock market despite recent easing measures, and they say a trade agreement between India and the United States is the best solution.
In a report, the firm stated that outflows from both global funds and local investors are beginning to negatively impact the stock market. It further added, "We are seeing significant short-term market volatility, and the short-term relief provided by the Reserve Bank of India and the Federal Reserve may soon be negated by pressure from the current account deficit."
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