BSE Prices delayed by 5 minutes ! Prices as on   Nov 26, 2021   

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MARKET COMMENTARY

Nov-26-2021 08:46

The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a gap-down opening for the index in India with a 124-points loss.

Going ahead, future growth prospects and faster economic recovery are some of the factors in favour of the bulls, while persistent FII selling, quicker withdrawal of stimulus and change in interest rate trajectory weigh on the market sentiment.

Among individual stocks, Tarsons Products will be in focus today as the stock makes its debut on the bourses. The issue price was fixed at Rs 662 per share.

On Thursday, the 30-share benchmark index ended at 58795.09 up by 454.1 points or by 0.78 % and then NSE Nifty was at 17536.25 up by 121.2 points or by 0.7 %.

On the global front, US markets were shut for trading on Thursday owing to the Thanksgiving holiday, the trading hours will be shorter for Friday as well. Meanwhile, Brent and WTI Crude declined 0.1 per cent and 0.5 per cent to $82.17 and $78.03 a barrel, respectively.

In the Asian markets, stocks fell and headed for their largest weekly drop in nearly two months on Friday, while safe haven assets such as bonds and the yen rallied as a new virus variant added to swirling concerns about future growth and higher US interest rates.

Japan's Nikkei was down 1.7% in early trade and Australian shares fell 0.6%.

Back home, Top traded Volumes on NSE Nifty – ITC Ltd. 23904846.00, Coal India Ltd. 22402592.00, Reliance Industries Ltd. 19568487.00, ICICI Bank Ltd. 17749726.00, Tata Motors Ltd. 15336539.00,

On NSE, total number of shares traded was 25.71 Crore and total turnover stood at Rs. 62431.56 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 586358 with a total turnover of Rs. 52758.47 Crore. Along with this total number of contracts traded in stock futures were 2237799 with a total turnover of Rs. 164575.68 Crore. Total numbers of contracts for index options were 143632401 with a total turnover of Rs. 13091645.65 Crore. and total numbers of contracts for stock options were 2531082 with a total turnover of Rs. 195894.58 Crore.

The FIIs on 25/11/2021 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 6050.47 Crore and gross debt purchased stood at Rs. 255.48 Crore, while the gross equity sold stood at Rs. 14104.47 Crore and gross debt sold stood at Rs. 1605.21 Crore. Therefore, the net investment of equity and debt reported were Rs. -8054.00 Crore and Rs. -1349.73