By theindianinvestor 
Wednesday, 11 dec 2024
Time : 8:15 am IST
Report :
1. Let’s understand yesterday’s market: Nifty closed almost flat, down by about 9 points.
2. India VIX fell below 14, indicating lower volatility. Yesterday also saw a consolidation phase with sideways movement.
3. FIIs net bought shares worth ₹1,285 crores, while DIIs net bought shares worth ₹605 crores. FIIs added 2.6k long positions and unwound 9k short positions in index futures.
4. Now, let’s understand today’s cues: US markets closed lower on Tuesday. Today, we will get the US CPI inflation data. Markets are expecting 2.7% at the headline level and 3.3% at the core level. The US Fed’s decision on rate cuts will be influenced by this data. If inflation is below 2.7%, it will be positive for markets; if it is above 2.7%, it will be negative for markets. US futures are trading almost flat.
5. Asian markets are trading mixed.
6. GIFT Nifty is indicating a flat opening.
7. Vishal Mega Mart’s IPO opens today.
8. Nifty might find support at 24,500 and face resistance at 25,000.