On November 29, the BSE Sensex surged by 728 points, equivalent to a 1.1% increase, reaching 66,902 points. Similarly, the Nifty50 experienced a rally of 207 points, marking a 1.04% rise, reaching a level of 20,097 points.

US MARKETS

Overnight, US stock futures edged higher with all three major indices set to conclude a successful November. Dow Jones Industrial Average futures increased by 87 points (0.25%), while S&P 500 and Nasdaq 100 futures saw gains of 0.07% and 0.16% respectively. The S&P 500 has risen by 8.5% this month, and the Nasdaq by nearly 11%, marking their strongest monthly performances since July 2022. The Dow's November surge of 7.2% puts it on track for its best month since October 2022.

ASIAN MARKETS

South Korea witnessed a surprising 3.5% drop in industrial output, deviating from the anticipated 0.5% increase as per Reuters-polled economists. Today, the country's central bank will announce its rate decision.

In Australia, the S&P/ASX 200 slightly decreased, while Japan's Nikkei 225 continued its three-day decline by 0.25%, and the Topix fell by 0.14%. South Korea's Kospi also experienced a 0.29% drop, whereas the Kosdaq showed slight gains.

Hong Kong's Hang Seng index futures indicated a rebound at 17,108 after the index hit a one-month low on Monday, closing at 16,993.44.

OIL & GAS UPDATES:

Oil prices climbed on Wednesday, with a focus on an upcoming OPEC+ meeting for output policy decisions. Increased buying was driven by supply disruptions from a Black Sea storm and reduced US inventories.

Brent crude futures surged by 1.19%, reaching $82.65 per barrel, while US West Texas Intermediate (WTI) crude futures saw a 1.47% rise, hitting $77.53 per barrel.

FII/DII DATA:

1. FIIs net BOUGHT Rs 71.91 crore worth shares on 29 Nov.

2. DIIs net BOUGHT Rs 2,360.81 crore worth shares on 29 Nov.

Thank you, have a great Trading Day ahead!!