The Indian benchmark indices opened 12137.05 while Sensex is opened at 41072.94. Some downside movement will be seen in the stock as bears are active from the higher. The market breadth is tilted in the favor of sellers as 745 stocks declined and 710 shares advanced. The open interest is decreased by 4% sheds 5.2 lakh shares in OI. Nifty put call ratio is 1.53 versus 1.77 across all series. The RSI is trading at 63.96 which indicates no sign of divergence. All the sectors are trading with mixed sentiments. The market breadth is in the favor of Buyers. Indian rupee opened lower at 71.78 per dollar against previous close of 71.74.
Niftybank: It is opened on a flat note at 32008.30 and some profit booking may be seen in the counter. Nifty Bank futures open interest up 9%, add 1.6 lakh shares in open interest.
Stock in News:
Auto Sales Data:
MARUTI SUZUKI sales down 1.9% at 1,50,630 lakh units against 153539 units YoY.
M&M sales data stands at 45,101 units YoY against last year sales 41235 overall 9% down.
Yes Bank to raise $2 billion through preferential allotment of shares.
Price band for Ujjivan Small Finance Bank is at Rs. 36-37 per shares. IPO opens for subscription on December 2.