The Indian benchmark indices opened under pressure for the third consecutive day at 12067.65 while Sensex is opened at 40852.61. The market extended losses from today’s high and sustaining above the strong support levels of 12000. The market breadth is tilted in the favor of bears as 974 stocks declined and 662 shares advanced. The open interest is decreased by 1% sheds 1.3 lakh shares in OI. Nifty put call ratio is 1.44 versus 1.53 across all series. The RSI is trading at 58.02 which indicates no sign of divergence. Except Auto and Fmcg, all the sectors are trading under pressure. Indian rupee opened lower at 71.70 per dollar against previous close of 71.65.
Niftybank: It is opened on a flat note at 31920.10 and slipped from the highs and trading at 31702.50. Nifty Bank futures open interest down by 2%, sheds 3.36 lakh shares in open interest.
Stocks in Limelight:
NESTLEIND: The board will meet on 3rd December for the approval of interim dividend.
IFCI: The company received bids for sale of its entire stake in NSE.
GODREJPROPERTIES: The company has acquired 20% issued and paid-up share capital of Yujya Developers Private Limited.