Goodwill  Investor Education Initiative : GoodWill  Eagle’s Eyes!

Goodwill  Investor Education Initiative : GoodWill  Eagle’s Eyes!

Market Live: Sensex Opens Over 100 Points Higher, Nifty Above 12,900 As Financials Gain but slowly loses ground:
Fed weighs boosting bond purchases: AP

At their meeting earlier this month, Federal Reserve officials discussed possible future adjustments to the central bank’s monthly bond purchases to boost the economy.

The Fed on Wednesday released minutes of its Nov. 4-5 meeting revealing that while officials believed that no changes were needed to the bond purchase program at that time, “they recognized that circumstances could shift to warrant such adjustments.”

The Fed since June has been buying $120 billion in bonds each month to keep downward pressure on long-term interest rates as a way of giving the economy a boost as it struggles to emerge from a deep recession.

Stock Market LIVE Updates: Gains in banking, financial services and metal stocks supported the markets, however losses in oil & gas shares limited the upside in early deals.

The Reserve Bank of India on Wednesday said the merger of Lakshmi Vilas Bank with DBS Bank India will come into force from 27 November. The moratorium imposed on the cash-starved lender will be removed from the same day, the banking regulator mentioned.

NSE scraps Karvy Stock Broking’s membership

In November 2019, Karvy had transferred securities worth ₹2,300 crore in to its account by misusing power of attorney given by its clients. Sebi, in its preliminary findings, held that the brokerage firm had misused client securities.

“After a long time traders were struck by nervousness yesterday when the Nifty broke down over 200 points from the high. The support of 12800 has still not been violated and hence traders can continue holding their positions with a trailing stop loss. If we break 12800, we could drop further to 12500. If we resume the existing uptrend from the current level, we can head to 13200.”

HDFC Bank up 0.8%initially but started sliding.

On Wednesday, HDFC Bank had crossed ₹8 trillion in market capitalisation intraday having hit a high of ₹1,464 apiece. The stock, however, erased all gains at closing, in line with the trend in broader market. The scrip had closed 2.5% lower at ₹1,402.65 apiece.

Oil prices gain on vaccine hopes, demand revival:

US oil rose for a fifth day on Thursday as a surprise drop in crude inventories extended a rally driven by hopes that vaccines would end the coronavirus pandemic and revive fuel demand.

Brent was up by 20 cents, or 0.4%, at $48.81 a barrel, after rising around 1.6% in the previous session. West Texas Intermediate crude was up by 14 cents, or 0.3%, at $45.85, having gained 1.8% on Wednesday.

Stocks to Watch

HDFC Bank, DHFL, L&T, and shares of aviation companies will be in focus today.

Canara Bank, Indiabulls Housing Finance, NALCO, SAIL, Tata Motors are under F&O ban for 26 Nov. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

Indian stock markets may see a subdued start on Thursday given mixed global cues and because of the expiry of the November F&O series.

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