Nifty Analysis for 15th November, 2023

Wall Street rallies as October US core CPI is at 0.23% MoM and missed a huge consensus which was at 0.3-0.4%. This will undo any remaining expectations that Fed will hike again in this cycle. US Treasury 2y, 5y and 10y yields down. Dow, Nasdaq and S&P gain 489, 326 and 84 points. Taking cues from the Wall Street, Asian Markets opened with gap ups and are trading in the green.

Considering the global cues and Govt data released on Monday evening on India's retail inflation which eased to four-month low of 4.87% in October from previous month’s 5.02%, a big gap up is anticipated from Nifty. On upside, 19547, 19577 and 19600 to act as resistance and on the downside, 19420, 19400 and 19380 to act as strong support.

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Nifty Analysis for 5th December, 2023

1. The S&P 500 declined 0.54% to end the Monday session at 4,569.78 points, with megacaps Microsoft (MSFT.O), Apple (AAPL.O), Nvidia (NVDA.O) and Amazon (AMZN.O) dipping over 1%, pressured by higher U.S. Treasury yields. The Nasdaq declined 0.84% to 14,185.49 points, while Dow Jones Industrial Average declined 0.11% to 36,204.44 points. Gold fell more than 2 percent after hitting an all-time high on Monday. 4. Oil prices fell on Monday on concern about a drop in demand and on continued uncertainty about the depth and duration of OPEC+ supply cuts. Technical Analysis WallSt. ended lower on Monday, interrupting last week's rally, as investors are cautious ahead of employment data due this Friday that could alter expectations that the Fed will cut interest rates early next year. Asian Markets are currently trading lower, taking cues from the WallSt. KOSPI is trading in the red despite South Korea's inflation eased for the first time in four m

TATA Power : Research Report

Automobile Sector of India : Sectoral Report by Sanjeedeep Mishra

India is the world’s third-largest Automobile market The Automobile industry produced a total 22.93 Mn vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycles in April 2021 to March 2022. India holds a strong position in the international heavy vehicles arena as it is the largest tractor manufacturer, second-largest bus manufacturer, and third largest heavy trucks manufacturer in the world.

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