Ahead of Market: 10 things that will decide D-Street action on Monday

Indian equities ended lower as rising domestic inflation and renewed geopolitical uncertainty prompted investors to turn cautious, interrupting the recent market rally. Sentiment was dented by October retail inflation surging to 6.09%, breaching the RBI's upper tolerance limit and raising concerns over a potential repo rate hike in December. The Nifty 50 declined 155 points, or 0.61%, to close at 25,144, while the BSE Sensex shed 318 points, or 0.39%, to settle at 81,592.

Here's how analysts read the market pulse

Going ahead, market direction is likely to be influenced by persistent inflationary pressures, movements in crude oil prices and the trajectory of global bond yields, which remain key drivers of investor risk appetite, said Ponmudi R, CEO of Enrich Money. Indian equities are likely to see marginal consolidation in the near term, while retaining a positive bias and a gradual upward trajectory, said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services.


Globally, Nvidia's Q3 results on Wednesday will be a key trigger for technology stocks and broader market sentiment. The results could also offer cues on whether the ongoing rotation away from AI-heavy stocks towards markets such as India will continue. Investors will also track the US Federal Open Market Committee (FOMC) minutes, due on Wednesday, for signals on the Federal Reserve's policy outlook ahead of its December meeting.

US stocks
US markets ended mixed on Friday, November 13, as uncertainty surrounding Nvidia and persistent inflation concerns weighed on technology stocks. The S&P 500 declined 0.40% to close at 7,561.67, while the Nasdaq Composite dropped 0.91% to 25,136.27. The Dow Jones Industrial Average, however, edged up 0.10% to settle at 52,347.55. Despite Friday's weakness, all three major indexes posted weekly gains.


European markets

European markets ended mixed on Friday, November 13, as concerns over US interest rates and uncertainty surrounding AI stocks kept investors cautious. Germany’s DAX slipped 0.08% to 26,749.95, while France’s CAC 40 edged up 0.09% to 8,368.91. Britain’s FTSE 100 advanced 0.36% to close at 10,902.56. The pan-European STOXX 600 finished marginally higher by 0.02%, posting its strongest weekly gain since June.
Most active stocks in terms of turnover

TD Power Systems (Rs 3,408 crore), ABB Power (Rs 2,809 crore), HDFC Bank (Rs 1,879 crore), Amber Enterprises (Rs 1,817 crore), ICICI Bank (Rs 1,801 crore), Reliance Industries (Rs 1,771 crore) and State Bank of India (Rs 1,717 crore) were among the most actively traded stocks in value terms on NSE.

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Most active stocks in volume terms

Vodafone Idea (Traded shares: 42.55 crore), YES Bank (Traded shares: 11.86 crore), Ola Electric Mobility (Traded shares: 9.05 crore), PNB (Traded shares: 6.12 crore), TD Power Systems (Traded shares: 5.15 crore), Suzlon Energy (Traded shares: 4.88 crore) and Zee Entertainment (Traded shares: 4.75 crore) were among the most actively traded stocks in volume terms on NSE.

Stocks showing buying interest

ABB Power, Amber Enterprises, Anupam Rasayan India, Aegis Vopak Terminals, ITI, GE T&D India, and PB Fintech (Policybazaar) were among the stocks that witnessed strong buying interest from market participants.

52-week high

Among the ones which hit their 52-week highs on NSE were MCX India, Groww, FSN E-Commerce (Nykaa), Paytm, Motilal Oswal, Phoenix Mills, and Kalyan Jewellers.

Stocks seeing selling pressure

Stocks which witnessed significant selling pressure were Techno Electric, Gabriel India, Tata Motors Commercial Vehicles, Reliance Power, Manappuram Finance, Aditya Birla Sun Life AMC, and Alkem Laboratories.

52-week low

Among the ones which hit their 52-week lows on NSE were Vadilal Industries, BASF India, Mallcom India, Ashapura Minechem, Axtel Industries, Max Estates, VIP Industries, and Aptus Value Housing Finance.

Sentiment meter favours bears

Out of the 3,721 stocks that traded on the NSE on November 13, Friday, 1,445 advanced, 2,179 saw declines and 97 stocks remained unchanged.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here