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Market ends higher amid volatility; realty, PSU bank drag, IT shines:

Excpet IT, all other sectoral indices ended lower with pharma, power, realty, oil & gas, PSU bank down 1-2 percent. The BSE midcap and smallcap indoces fell 1-2 percent.

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Topic :- Time:3.00 PM

Nifty spot close below 17200 will be not good for bulls. Traders are advised to avoid open positions for tomorrow. Investors should wait for some more time before pumping in money for long delivery positions.

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Topic :- Time:2.15 PM

Just In:

No proposal to recognise Bitcoin as currency: FM Nirmala Sitharaman in Parliament.

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Topic :- Time:2.10 PM

Just In:

Go Colors brand operator Go Fashion zooms 75% in grey market ahead of listing.

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Topic :- Time:2.00 PM

Though nifty is recovering from its lows however it is not able to sustain higher level Every high is getting followed by profit booking. Nifty spot if breaks and trade below 17120 level then expect some decline in it and only if it manages to trade and sustain above 17200 level then some quick upmove can be seen in the market.

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Topic :- Time:1.20 PM

Farm Laws Repeal Bill passed by the Lok Sabha:

Congress Member of Parliament Adhir Ranjan Chowdhury protested the passage of the bill in such a manner, demanding discussion on it. The move to scrap the laws also needs the approval of the . The repeal bill was pushed through the lower house in a hasty voice vote despite opposition demands for a debate.

Congress Member of Parliament Adhir Ranjan Chowdhury protested the passage of the bill in such a manner, demanding discussion on it.

Ahead of Mondays scrapping of the legislation, farmers groups had said they would keep pushing with their protests to press the government for other demands, including legal guarantee for crop prices.

In an address to the nation on November 19, Prime Minister Narendra Modi announced the repealing of the three Central farm laws on the day of Guru Nanak Jayanti.

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Topic :- Time:1.00 PM

News Wrap Up:

1. Sensex up 300pts; Midcaps, Smallcaps continue to lag

2. Sebi wont interfere with IPO valuations, says chairman Ajay Tyagi

3. Paytm in focus again as analysts question CEO on business model

4. Farm Laws Repeal Bill passed by LS; protests to continue over MSP

5. Reliance considering bid for UK telecom firm BT in early talk

6. IndusInd Banks subsidiary defers review of decision to relieve top 2 execs

7. Raymond zooms 13% to a new 52-week high; stock up 33% in one week

8. Indigo Paints at life-time low, stock down 36% from its 52-week high

9. Vodafone Idea surges 14% on heavy volumes, stock at 9-month high

10. CoinDCX plans to pursue IPO after rules are in place

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Topic :- Time:12.50 PM

Nifty is trading at a point from where it is ready for another breakout. Nifty spot if manages to trade and sustain above 17160 level then expect some upmove and if it breaks and trade below 17080 level then some decline can be seen.

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Topic :- Nifty Opening Note

Indian Stock Market Tradingtips tips View For 29 Nov,2021:

Nifty to turn volatile and is expected to follow global cues. Investors should wait for some more decline before taking delivery long positions.

Nifty spot if manages to trade and sustain above 17060 level then expect some upmove and if it breaks and trade below 16960 level then some decline can follow in it.

Please note this is just opening view and should not be considered as the view for the whole day.

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In a notification, the ministry’s investigation arm Directorate General of Trade Remedies (DGTR), has said there is a "positive" evidence of likelihood of dumping of 'Glazed/Unglazed Porcelain/Vitrified Tiles in polished or unpolished finish with less than 3 per cent water absorption' and injury to the domestic industry, if the existing anti-dumping duty would be removed.

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The government cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre on November 3 to give relief to consumers battered by record-high retail fuel prices.

Petrol and diesel prices remained unchanged for the 25th consecutive day on November 29 since the Central government cut the excise duty on the two fuels to bring down retail rates from record highs, according to a price notification of state-owned fuel retailers.

The government cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre on November 3 to give relief to consumers battered by record-high retail fuel prices. The November 4 decline took the price of petrol in Delhi to Rs 103.97 a litre. The price remained the same on November 29. Diesel price also stayed unchanged at Rs 86.67 per litre on the day.

In Mumbai, fuel prices witnessed a similar trend. The petrol price remained unchanged and retailed at Rs 109.98 a litre. On May 29, Mumbai became the first metro in the country where petrol was retailed above Rs 100 per litre. Diesel price also remained the same and sold at Rs 94.14 per litre.

The petrol and diesel prices remained unchanged in Kolkata at Rs 104.67 per litre and Rs 89.79 per litre, respectively.

Chennai retailed a litre of petrol at the same price of Rs 101.40. Diesel price also remained unchanged at Rs 91.43 per litre.

The excise duty cut was the highest-ever reduction in excise duty. Reducing the excise duty, the union government also urged states to commensurately reduce or value-added tax (VAT) on petrol and diesel to give relief to consumers.

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Following this, 27 states and union territories have cut VAT to give further reprieve to consumers battered by record-high retail prices. The states/UTs that extended additional VAT benefits are Ladakh, Karnataka, Puducherry, Jammu and Kashmir, Sikkim, Mizoram, Himachal Pradesh, Daman and Diu, Dadra and Nagar Haveli, Chandigarh, Chhattisgarh, Assam, Madhya Pradesh, Tripura, Gujarat, Nagaland, Punjab, Goa, Meghalaya, Odisha, Rajasthan, Arunachal Pradesh, Manipur, Andaman and Nicobar, Bihar, Uttarakhand, Uttar Pradesh and Haryana.

States that have so far not lowered VAT include Congress and its allies ruled Maharashtra, Jharkhand and Tamil Nadu. AAP-ruled Delhi, TMC-governed West Bengal, Left-ruled Kerala, TRS-led Telangana and YSR Congress-ruled Andhra Pradesh have also not cut VAT.

Congress-ruled Punjab has seen the biggest reduction in the price of petrol in the country after it cut local sales tax or VAT the most while UT of Ladakh witnessed the largest reduction in diesel rates for the same reason.

Article source:- Moneycontrol

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The surge was fueled by a 52 percent increase in non-UPI payment volumes (GMV) and a threefold increase in financial services.

On November 27, One 97 Communications, the company behind Paytm, announced a 64 percent increase in revenue from operations year over year (YoY) to Rs 10.9 billion in the second quarter of FY22.

Also Read:-  [SEBI Registered] What is the Difference Between Stock Brokers and Investment Advisors?

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India’s economic recovery likely strengthened in the previous quarter, boosted by services activity that recovered after pandemic-related mobility restrictions were eased, a Reuters poll of economists found

.

The November 22-25 poll of 44 economists put the median year-on-year growth forecast at 8.4% in the July-September period. The Indian economy expanded 1.6% and 20.1% in the Jan-March and April-June quarters, respectively.

The report will be released at 1200 GMT on Nov. 30.

"After lagging the recovery during the initial phases, Q3 saw services activity playing catch up. Relative control over new infections, and a large increase in vaccination helped improve services activity," wrote Rahul Bajoria, chief India economist at Barclays.

"While supply shortages weighed on manufacturing, the services recovery scaled greater highs during the past quarter."

Respondents noted those estimates, as with the prior quarter’s numbers, were flattered by a comparison with a weak performance one year ago.

The latest 8.4% growth projection was an upgrade from 7.8% predicted in a Reuters poll taken last month. The Reserve Bank of India has pegged growth for the same period at 7.9%.

But forecasts in the latest Reuters poll were wide, in a 6.2%-13.0% range.

"It is a rough road ahead for the economic recovery, we believe the recovery is more mechanical in nature, with a sustained growth driver yet to emerge," wrote Kunal Kundu, India economist at Societe Generale, in a note to clients.

Also Read:- India's GDP to grow 9.1% in 2022: Goldman Sachs

"It has been worsened by a lack of appropriate employment and income support given the paltry fiscal response to the coronavirus."

That did not deter some economists from saying a reverse repo rate hike in December was now likely.

"The RBI needs to progressively provide more weight to inflation, and particularly elevated core inflation as growth normalises while being able to respond with tightening measures depending on the evolution of domestic and global factors," said Abhishek Upadhyay, senior economist at ICICI Securities Primary Dealership.

"We expect the economic recovery to be stronger than consensus and the RBI’s forecast, even with some downside risks."

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Topic :- Share Market Closing Note

Benchmark indices ended on positive note on November 25 with Nifty finishing the F&O series above 17,500 supported by the Reliance Industries and realty and pharma names.

At close, the Sensex was up 454.10 points or 0.78% at 58,795.09, and the Nifty was up 121.30 points or 0.70% at 17,536.30. About 2054 shares have advanced, 1166 shares declined, and 106 shares are unchanged.

Reliance Industries, Divis Labs, Infosys, ITC and Tech Mahindra were among major gainers on the Nifty, while losers were Britannia Industries, IOC, IndusInd Bank, Maruti Suzuki and ICICI Bank.

Among sectors, oil & gas, realty, pharma indices rose 1 percent each, however, some selling was seen in auto and banking names. The BSE midcap index and smallcap index rose 0.5 percent each.

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Topic :- Time:3.20 PM

Just In:

RBI to focus more on Chinas yuan than US dollar

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Topic :- Time:3.00 PM

Nifty is in mute state. Nifty spot if manages to close above 17520 level then expect some further pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish movement can follow. Avoid open positions for tomorrow.

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Topic :- Time:2.45 PM

Just In:

The company has already added 25 Plus stores so far this year, and are on track to add at least 15 more stores in the second half, said Anand Agarwal, CFO, V-Mart Retail.

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Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 380.20.If it breaks and trade below 379 level then expect some decline in it and if it manages to trade and sustain above 382 level then some pull back can be seen in NG.

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Topic :- Time:2.00 PM

Nifty is not showing any major movement as off now. Nifty spot if manages to trade and sustain above 17520 level then expect some upmove and it if breaks and trade below 17480 level then some decline can be seen in the market.

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Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 62990. If it manages to trade and sustain above 63020 level then expect some quick upmove in it and if it breaks and trade below 62800 level then some decline can be seen in SILVER.

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Topic :- Time:1.15 PM

Just In:

Reliance Industries to restructure and repurpose gasification assets.

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Topic :- Time:1.10 PM

Just In:

ITC confirmed that it is developing a nasal spray for COVID-19 prevention for which it has initiated clinical trials.

Developed by scientists at ITC Life Sciences and Technology Centre (LSTC), Bengaluru, the company plans to market the nasal spray under the Savlon brand.

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Topic :- Time:1.00 PM

Nifty inched down from its high. Nifty trend is still sell from rise. Nifty spot if breaks and trade below 17460 level then expect some more pain in the market and if it manages to trade and sustain above 17500 level then some upmove can follow. Investors should wait for some more fall before taking long delivery positions.

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Topic :- Time:12.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 5836.If it holds above 5820 level then expect it to rise till 5875-5880 levels quite soon and if it breaks and trade below 5820 level then some decline can follow in it.

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Topic :- Time:12.00 PM

Nifty is showing some recovery today however due to F&O expiry today expect market to turn highly volatile. Nifty spot if manages to trade and sustain above 17540 level then expect some upmove and if it breaks and trade below 17500 level then some decline can follow in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex at days high, up 300 pts; Nifty atop 17,500; RIL rises 4%

2. BlackRock, Canada Pension bought more Paytm stock after market debut

3. Bharat Biotech updates Covaxin efficacy to 65.2% against Delta strain

4. Wilful loan defaults Rs 62,000 crore higher than before pandemic

5. Reliance to transfer Jamnagar asset to subsidiary for syngas production

6. IDBI assets manager to merge with LIC MF, clear path to latters mega IPO

7. Digital tax for US companies to stay until OECD pact comes into force

8. CoinSwitch Kuber CEO says crypto ban unlikely as $6-bn assets held in India

9. RIL gains 3% on plans to hive-off gasification assets into separate unit

10. Siemens dips 8% on profit booking after Q4 margin disappointment

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Topic :- Nifty Opening Note

Indian Stock Market Tips Trading View For 25 Nov, 2021:

Flat to positive opening expected. Nifty spot if manages to trade and sustain above 17440 level then further upmove can be seen and if it breaks and trade below 17400 level then negative. Sell on rise should be the strategy for the day. Due to Nifty weekly expiry expect wild swings in the market.

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As India plans for rapid economic recovery, the governments and policymakers need to ensure women are not left behind. Gram sabhas can be effectively used to push for equal wages for women at the local level

The Union and state governments are perhaps facing one of the biggest economic challenge in Independent India’s history in terms recovery from the COVID-19 pandemic. The pandemic has disproportionately affected women’s employment with female labour participation rate (FLPR) in India falling to 16.1 percent during the July-September 2020 quarter — one of the lowest in recent times. As India plans for rapid economic recovery, the governments and policy makers need to ensure women are not left behind.

Most women in India are employed in informal sectors such as farm labour, allied activities, construction and domestic work. Even before the pandemic, factor such as gender wage gap, unpaid care work, lack of childcare at work, and workplace safety issues kept India’s FLPR one of the lowest in South Asia.

Recognising these factors, the Union and state governments have taken several steps to improve wage gaps. But various indicators show that it is yet to be realised on the ground. The ‘Inclusive by Design’ report reveals informal women workers in India’s construction sector earn 30-40 percent less than their male counterparts.

Local Bodies And Equal Wages

Article 39 (d) of the Constitution directs states to make provisions so that there is equal pay for equal work for both men and women. Gram sabhas, set up under 73rd amendment of the Constitution, can be effectively used to push for equal wages for women at the local level. In Odisha, forums like palli sabhas or gram sabhas have been traditionally used by people’s movements to push for progressive agendas, and people’s rights. In 2013, 12 palli sabhas from tribal areas of Rayagada and Kalahandi in Odisha rejected a mining project. In 2017, a palli sabha was called to approve the construction of a POSO steel plant in Gobindpur.

The Orissa Grama Panchayat Act, 1964 empowers communities to hold palli sabhas, and give recommendations to the gram panchayat for several developmental- and budget-related work. It is essential to leverage such constitutional mechanisms at the local level need to be used for women’s right to equal wages.

Take the case of the women from the Goudkela village of Madanpur Rampur block who are engaged in construction work along with their husbands. The employment in brick, cement and sand factories give them Rs 150 as a daily wage. This is Rs 100 less than what men get. Such gender-based wage discrimination is rampant in Odisha’s construction sector.

Even government-run employment programmes such as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) continue to face a challenge in providing discrimination free workplaces to women migrants, many of whom have returned from urban centres after the COVID-19 related lockdowns. The lack of crèche facilities, rest rooms at work-sites, and skills are hampering women from negotiating for better wages. This reflects a larger trend of gender discrimination in the MNREGS through studies such as Sameeksha-II.

Wage Disparity Discussion at Pallisabha

Many women candidates in Odisha joined the grassroots politics at the Panchayat Raj level, but in reality, due to patriarchal and social norms, the elected women representatives have hardly organised a palli sabha to discuss issues on wage disparity. For the first time Oxfam India and the Madanpur Rampur panchayat jointly organised a palli sabha on the topic of ‘Gender wage gap and role of Pallisabha’ at Goudkela village to sensitise women. Villagers from seven adjacent villages participated in the palli sabha. To ensure equal wages for equal work a resolution was passed in the palli sabha.

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The village sarpanch also urged women to report wage discrimination so that necessary action could be taken. There are also plans to open a grievance cell at the panchayat office where villagers can approach for government entitlements, and report wage discrimination issues. These learnings from the palli sabha on equal wages and gender issues can be replicated across India to improve the FLPR at the grassroots level.

Such mechanisms at the village level are required to realise the government’s vision to prevent gender-based discrimination in wages, recruitment, and conditions of employment as per new code on wages 2019. In August, the Parliamentary Committee on ‘Impact of COVID-19 on rising unemployment and loss of jobs/ livelihoods in organised and unorganised sector’ recommended improving women workers' ability to negotiate wages. Palli sabhas and the gram panchayat can be a good starting point to implement these codes, and recommendations.

Article Source:- moneycontrol

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The Pradhan Mantri Garib Anna Yojana (PMGKAY) scheme, which was established in March last year to help the poor amid the Covid pandemic, provides free foodgrains in addition to the standard quota granted under the NFSA at a heavily subsidised rate of Rs 2-3 per kilogramme.

Prime Minister Narendra Modi praised the Cabinet's decision to prolong the Pradhan Mantri Garib Anna Yojana's free monthly delivery of 5 kg foodgrains until March 2022, saying it is in accordance with the government's commitment to achieving greater public welfare.

The Pradhan Mantri Garib Anna Yojana (PMGKAY) scheme, which was established in March last year to help the poor amid the Covid pandemic, provides free foodgrains in addition to the standard quota granted under the NFSA at a heavily subsidised rate of Rs 2-3 per kilogramme.

"Today's Cabinet decision would help 80 crore Indians and is consistent with our commitment to improving public welfare," Modi stated on Twitter.

Also Read:- Nirmala Sitharaman inaugurates projects worth Rs 165 crore in J&K

In order to help the poor recover from the Covid pandemic, the Centre has decided to prolong the free monthly supply of foodgrains under the PMGKAY for another four months, until March 2022, at a cost of Rs 53,344 crore to the exchequer.

The PMGKAY has been renewed on multiple occasions, the most recent of which was valid until November 30.

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Benchmark indices ended lower in the volatile session on November 24 dragged by the auto, IT, FMCG stocks, while banks provided some support.

At close, the Sensex was down 323.34 points or 0.55% at 58,340.99, and the Nifty was down 88.30 points or 0.50% at 17,415. About 1950 shares have advanced, 1249 shares declined, and 142 shares are unchanged.

Tata Consumer Products, Eicher Motors, Infosys, Maruti Suzuki and Grasim Industries were among major losers on the Nifty. Gainers included ONGC, Adani Ports, Coal India, Kotak Mahindra Bank and BPCL.

Among sectors, auto, FMCG and IT indices fell 1 percent each, while buying was seen in the oil & gas and banking names. BSE midcap index fell 0.5 percent, while smallcap index added 0.4 percent.

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Topic :- Time:3.00 PM

Nifty failed to trade above its critical resistance of 17600 and finally crashed and is now trading in red zone down 43 points from its previous close. Nifty spot if closes below 17520 level then expect more pain in the market as nifty still seems to be bearish. Only close above 17520 will result in some pull back.

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Topic :- Time:3.00 PM

Just In:

GAUTAM ADANI SURPASSES MUKESH AMBANI AS ASIAS & INDIAS RICHEST PERSON BASED ON GROUP MARKET CAP

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Topic :- Time:2.30 PM

COPPER Trading View:

COPPER is trading at 739.If it manages to trade and sustain above 740 level then expect some quick upmove in it and if it breaks and trade below 737.80 level then some decline can follow in it.

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Topic :- Time:1.40 PM

Just In:

1. Ipca Labs board approves acquisition of 26.57% of Lyka Labs & enter into a joint management control agreement.

2. Telecos : Govt To Give Back Bank Guarantee worth Rs 35000 cr to Telecos

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Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 47550.If it manages to trade and sustain above 47580 level then expect some rise in it and if it breaks and trade below 47480 level then some decline is expected to follow in it.

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Topic :- Time:1.15 PM

Digital currencies slump in India as bill to ban private cryptos spooks markets:

Digital currencies on Indian exchanges slumped into a discount of up to 25% compared to their global peers amid panic selling as the government listed a bill to ban all private cryptocurrencies in the country. Crypto prices in India usually trade at a premium against global markets.

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Topic :- Time:1.00 PM

Nifty is looking little tired now. Nifty spot if break and trade below 17540 level then expect some decline in the market and if it manages to trade and sustain above 17580-17600 levels then some upmove can follow. Nifty need to cross and sustain above 17600 spot level in order to show more upmove.

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Topic :- Time:12.30 PM

NATURALGAS Trading View:

NG DEC is trading at 377.60. If it manages to hold above 375 level then expect it to test 383-385 levels quite soon and once it breaks and trade below 375 level then it is likely to slide.

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Topic :- Time:12.30 PM

Just In:

Star Health IPO to open on November 30; sets price band at Rs 870-900/share.

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Topic :- Time:12.15 PM

Just In:

Panic laced with optimism grips investors as House sets table for Crypto Bill.

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Topic :- Time:12.00 PM

Nifty is in mute state and is likely to show breakout soon. Nifty spot if manages to trade and sustain above 17580 level then expect some quick upmove and if it breaks and trade below 17540 level then some decline can follow in it.

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Topic :- Time:11.30 AM

News Wrap Up:

1. MARKETS: Sensex, Nifty at days high; energy stocks in focus; ONGC up 4%

2. Hinduja family feud puts century-old business empire in jeopardy

3. Spoiling the party: Paytm debacle roils market for unlisted shares

4. Bill to ban private crypto to come up in Parliament Winter Session

5. Mobikwik defers its Rs 1,900 cr IPO, says will list at the right time

6. BlackRock says its time to buy China stocks and trim India exposure

7. Sugar shares in demand; Triveni, Dhampur, Balrampur surge up to 11%

8. Bharti Airtel rallies 9% in 3 days after tariff hike; zooms 50% in 6 months

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Topic :- Time:11.00 AM

After positive start nifty is trading in green zone. Nifty spot if manages to trade and sustain above 17560 level then expect some quick upmove and if it breaks and trade below 17520 level then some decline can be seen in the market.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 24 Nov, 2021:

Nifty to remain volatile with global cues acting as trend decider.

Nifty spot if manages to trade and sustain above 17560 level then expect some quick upmove and if it breaks and trade below 17480 level then some decline can follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.

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The road transport and highways minister also asserted that the pace of highways construction in the country will cross 40 km per day in the current financial year.

Amid concerns over the proposed Chardham project, Union minister Nitin Gadkari on Wednesday termed allegations that road construction triggered landslides in Uttarakhand as 'misinformation' and asserted that the government is sensitive about ecology and environment while carrying out development projects.

The road transport and highways minister also asserted that the pace of highways construction in the country will cross 40 km per day in the current financial year.

The pace of highways construction in the country touched a record 37 km per day in the financial year 2020-21.

Recently, the Supreme Court reserved its verdict on pleas with respect to the ambitious project. The strategic 900 kilometre-long Chardham project worth Rs 12,000 crore aims to widen roads and provide all-weather connectivity to four holy places — Yamunotri, Gangotri, Kedarnath and Badrinath — in Uttarakhand.

"This is all misinformation (Ye galat prachar hai). Earlier there used to be flash floods and cloud bursts which used to cause damages and deaths," Gadkari, who is known for expressing frank views on any matter, told PTI.