By theindianinvestor 
Tuesday, 10 December 2024
Time: 8:15 AM IST
Report:
Let’s understand yesterday’s market: Nifty was down by 59 points and closed at 24,619.
Markets are in consolidation mode, maintaining range-bound movement between support and resistance levels.
FIIs bought shares worth ₹724 crores, while DIIs were net sellers with ₹1,648 crores. FIIs’ long-to-short ratio stands at 45%:55%.
A new RBI Governor, Sanjay Malhotra, has been appointed, replacing Shaktikanta Das.
Let’s understand today’s cues:
- US markets witnessed profit booking. Nasdaq closed down by 0.6%, mainly due to Nvidia being impacted by certain Chinese regulations.
- Asian markets are trading in green.
- GIFT Nifty indicates a flat to positive start for Indian markets.
Nifty may find support at 24,500 and face resistance at 25,000.