Indian equity benchmarks ended higher on Wednesday with marginal gains amid geopolitical tensions instigated after a missile hit a Polish village raging conflict between NATO and Russia. The Sensex ended at a fresh all-time high, while Nifty upheld the 18,400 mark.  

“The momentum indicator RSI (relative strength index) is sustaining above 65 mark and moving higher which hints at the strong positive momentum for the short to medium term,” Vidnyan Sawant, AVP – Technical Research at GEPL Capital said. The “bullish view will be negated if it breaches below the 18,282 level,” he said.

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Indian Indices

The Sensex jumped 107.73 points or 0.17% at 61,980.72 while the Nifty rose 6.25 points or 0.03% at 18,409.65 at the end of the trading session on Wednesday. The Sensex moved in a high-low band of 62,052.57 and 61,708.63. There were 17 stocks advancing against 13 stocks declining. The Nifty traded in a range of 18,442.15 and 18,344.15. There were 21 stocks advancing against 29 stocks declining.

Broader Indices

The broader indices ended mostly red with the BSE MidCap index losing 0.66% and the SmallCap index down by 0.34%. The top gaining sectoral indices on the BSE were Bankex up by 0.47%, Industrials 0.37%, Capital Goods 0.36%, TECK 0.30%, and IT 0.20%. While Metal down 1.49%, Utilities 1.40%, Power 1.27%, Commodities 1.08%, and Realty 1.03% were only losing sectoral indices on BSE.

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India VIX Index

Nifty or India VIX, a gauge of the market’s expected volatility over the near term, rose 3.18% to 15.10 on Wednesday.

SGX Nifty

The trends on SGX Nifty indicate a negative opening for the index in India with 81 points loss. The Nifty futures were trading at 18,399.00 on the Singaporean Exchange at around 08:16 hours IST.

Support and Resistance level

The key support level for the Nifty is placed at 18,361, followed by 18,338 & 18,301. If the index moves up, the key resistance levels to watch out for are 18,436 followed by 18,459 and 18,497, according to pivot charts.

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US Markets 

The S&P 500 rose 32.94 points, or 0.83%, to 3,958.79 points on Wednesday

The Dow Jones Industrial Average rose 39.09 points, or 0.12%, to 33,553.83 points. 

The Nasdaq 174.75 points, or 1.54%, to 11,183.66 points

The Russell 2000 index of smaller companies rose 36.14 points, or 1.91%, to 1,853.17 points.

Asian Markets

Asian markets settled mixed with the KOSPI Composite down by 0.12%, the Nikkei 225 up by 0.14%, Shanghai Composite down by 0.45%, and the Hang Seng down by 0.47%.

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European Markets

European markets ended lower on Wednesday. UK’s FTSE 100 fell 0.25%, France’s CAC fell 0.42%, and Germany’s DAX fell 1.00%.

Bulk Deal data

Motilal Oswal Mutual Fund A/C Motilal Oswal Long Term Equity Fund bought 21,00,000 shares in Global Health Limited at Rs 401 per share on the NSE.

Nomura India Investment Fund Mother Fund A/C bought 15,00,000 shares in Global Health Limited at Rs 414.57 per share on the NSE.

Motilal Oswal Mutual Fund A/C Motilal Oswal Large And Midcap Fund bought 15,30,000 shares in Global Health Limited at Rs 401 per share on the NSE.

Goldman Sachs Funds – Goldman Sachs India Equity Portfolio bought 17,45,354 shares in Bikaji Foods International Ltd at Rs 324.50 per share on the NSE.

IDBI Trusteeship Services Ltd sold 1,30,00,000 shares in Hindustan Construction Company at Rs 15.57 per share on the NSE.

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DII and FII data

Foreign institutional investors (FIIs) have sold shares worth a net of Rs 386.06 crore, whereas domestic institutional investors (DIIs) bought shares worth a net of Rs 1,437.40 crore on November 16, as per data available on the NSE.

NSE F&O Ban

Balrampur Chini Mills, Indiabulls Housing Finance, BHEL, Delta Corp, Sun TV Network, and Gujarat Narmada Valley are securities placed under the F&O ban for November 17. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.