On November 24, The BSE Sensex experienced a 48-point decrease, settling at 65,970, whereas the Nifty50 saw a decline of 7 points, reaching 19,795.

US MARKETS

On Monday, Dow Jones Industrial Average futures rose by only 24 points or 0.1%, while S&P 500 and Nasdaq 100 futures remained nearly unchanged after a down day on Wall Street. On Monday, the Dow and S&P 500 closed approximately 0.2% lower, while the Nasdaq Composite dipped nearly 0.1%.

Despite Monday's minor decline, November has been a robust trading month set to end with Thursday's close. The Dow and S&P 500 are set to finish the month up by 6.9% and 8.5%, respectively, while the Nasdaq has surged by 10.8% in November.

ASIAN MARKETS

In Australia, the S&P/ASX 200 began with a 0.81% increase, anticipating October's inflation data due on Wednesday. Japan's markets opened with the Nikkei 225 slightly higher and the Topix just below unchanged levels. South Korea's Kospi rose by 0.42%, while the smaller-cap Kosdaq experienced a larger gain of 0.53%. However, Hong Kong's Hang Seng index seems poised to continue its decline from Monday, as HSI futures at 17,517 indicate a drop from the index's previous close at 17,525.06.

OIL & GAS UPDATES:

On Monday, oil prices declined as investors awaited an upcoming OPEC+ meeting scheduled later in the week. Brent crude futures dropped by 40 cents, or 0.5%, settling at $80.13 per barrel, while US West Texas Intermediate crude futures reached $75.16 per barrel, down 34 cents or 0.45%.

Last week, both contracts experienced a slight increase, marking their first weekly gain in five weeks. This was driven by the anticipation that Saudi Arabia and Russia might extend voluntary supply cuts into early 2024, and discussions within OPEC+ about potential additional output reductions.

FII/DII DATA:

1. FIIs net BOUGHT Rs 2,625.21 crore worth shares on 24 Nov.

2. DIIs net BOUGHT Rs 134.46 crore worth shares on 24 Nov.

Thank you, have a great Trading Day ahead!!