6 Things to Know Before Market Opens on November 26, 2024

On Tuesday, November 26, 2024, the benchmark indices Sensex and Nifty 50 are expected to get impacted as global markets experience mixed trends amid a stronger US dollar following U.S. President-elect Donald Trump’s announcement of tariffs on imports from Canada, Mexico, and additional tariffs on China. At 08:41 AM, Gift Nifty was trading down by 0.24% at 24,295.

Previous Trading Session 

On November 25, 2024, Sensex rose 1,961.32 points, or 2.54%, to close at 80,109.85, while the Nifty50 climbed 314.65 points, or 1.32%, to end at 24,221.90.

FII and DIIs 

On November 25, 2024, DIIs sold securities worth ₹24,532.72 crore, while FIIs bought securities worth ₹85,251.94 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 1.03 in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

Oil prices extended their decline from the previous session. Brent crude futures fell 28 cents (0.38%) to $72.73 a barrel by 0106 GMT, while U.S. West Texas Intermediate crude futures dropped 32 cents (0.46%) to $68.62 a barrel.

Asian Markets

In Asia, on Tuesday, Japan’s Nikkei share average dropped over 1%, reflecting concerns over Trump’s tariff commitments, while South Korea’s KOSPI slipped 0.4%.

US Markets

Wall Street closed Monday on a positive note. The S&P 500 rose 17.81 points (0.30%) to 5,987.15, the Nasdaq Composite climbed 51.50 points (0.27%) to 19,055.15, and the Dow Jones Industrial Average advanced 439.02 points (0.99%) to close at 44,735.53.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.