Will Nifty trade above 19500 or fall in trade - See GIFT Nifty, FII data, F&O ban, crude, more before market opens

Will Nifty trade above 19500 or fall in trade ? See GIFT Nifty, FII data, F&O ban, crude, more before market opens

GIFT Nifty traded up 65.5 points or 0.34% at 19555, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously on Sunday, the benchmark equity indices closed with gains during the Muhurat trading session on the auspicious occasion of Diwali 2023. The NSE Nifty 50 gained 100.20 points or 0.52% to settle at 19,525.55, while the BSE Sensex added as much as 354.77 points to 65,259.45.

“This week is a holiday-shortened one and the performance of the global indices, especially the US markets, will be on participants’ radar for cues. The Dow Jones Industrial Average (DJIA) spent the entire week in a range but finally surpassed the hurdle of 34,200 on Friday. Now, sustainability above that zone could trigger the next leg of recovery, which may help in ending the consolidation in our markets,” said Ajit Mishra, SVP – Technical Research, Religare Broking.

US Dollar

The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded down 0.06% at 105.79.

Crude Oil

WTI crude prices are trading at $76.70 down 0.62%, while Brent crude prices are trading at $80.97 down 0.56%, on Monday morning.

Asian Market

Shares in the Asia-Pacific region are trading on a mixed note on Monday morning. The Asia Dow is trading up 0.15%, Japan’s Nikkei 225 is up 0.45% and Hong Kong’s Hang Seng index is trading up 0.28%, while the benchmark Chinese index, Shanghai Composite is down 0.19%.

FII, DII Data

Foreign institutional investors (FII) offloaded shares worth net Rs 190.06 crore, while domestic institutional investors (DII) added shares worth net Rs 95.31 crore on November 12, 2023, according to the provisional data available on the NSE.

F&O Ban

The NSE has added Chambal Fertilisers & Chemicals, Delta Corp, GNFC, Manappuram Finance,, MCX and Zee Entertainment Enterprises to its F&O ban list for November 13, 2023.