6 Things to Know Before Market Opens on November 14, 2024

On Thursday, November 14, 2024, the benchmark indices Sensex and Nifty 50 are expected to open on a cautious note followed by mixed performance from global markets and a rise in US dollar index. At 08:07 AM, Gift Nifty was trading down by 0.18% at 23,629.

Previous Trading Session 

On November 13, 2024, the Sensex declined 984.23 points, or 1.25%, to close at 77,690.95, while the Nifty 50 fell by 324.40 points, or 1.36%, ending at 23,559.05.

FII and DIIs 

On November 13, 2024, DIIs bought securities worth ₹14,095.16 crore, while FIIs sold securities worth ₹17,680.75 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.55  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

Meanwhile, crude oil prices slipped slightly amid concerns over weak demand growth and a stronger dollar. Brent crude futures dipped 0.08% to $72.22 per barrel, while U.S. WTI crude futures dropped 0.19% to $68.30 per barrel.

Asian Markets

Asian markets traded mixed on Thursday, mirroring Wall Street’s overnight response to the latest U.S. inflation data for October. Japan’s Nikkei 225 rose by 0.74% and the Topix gained 0.58%.

US Markets

In the U.S. stock market, Wednesday’s session ended mixed following inflation data that aligned with expectations. The Dow Jones Industrial Average rose by 47.21 points, or 0.11%, to close at 43,958.19. The S&P 500 gained 1.39 points, or 0.02%, to finish at 5,985.38, while the Nasdaq Composite declined by 50.66 points, or 0.26%, to settle at 19,230.74.

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.