Pre-Market Analysis 11-Nov-2024

Nifty closed in red on Friday as FIIs continued to sell. We expect a neutral market today. It has support at 23900.

Bank Nifty ended the day in red too and underperformed the broader market. Our view is neutral for today. It has support at 51100.

Result corner

Key results today: BRITANNIA, HINDALCO, HINDCOPPER, NMDC  and more.

Stocks in news

DCXINDIA: Bags ₹460.3 Cr export order from Lockheed Martin.
DIXON: Partners with Nokia to develop telecom products.
SADHNANIQ: NCLT approves its plan to acquire Calchem Industries.
AZAD: Signs MoU with Baker Hughes for precision components facility in Saudi Arabia.
THOMASCOOK: Opens outlet in Dombivli to expand in Mumbai Metropolitan Region.
BIOCON: USFDA classifies Park Site unit in Bengaluru as VAI.
KIMS: Signs 15-year agreement for managing a new hospital.
ITI: Wins ₹4,599 Cr Bharat Net Phase-3 project as lowest bidder.
ZOMATO: Launches ‘food rescue’ to reduce wastage.

Quick Takeaways

-Tyre firms raise prices for third straight quarter to combat rising costs-Land purchases, joint development deals soar amid booming real estate demand-Asian equities opened in the red zone as Chinese indices opened in the red zone amid the fear of stagflation on tepid inflation numbers despite the recent stimulus measures.F&O Stocks in Ban : Aditya Birla Fashion and Retail Ltd., Granules India Ltd., Manappuram Finance Ltd.