Market Bizzz

US Bitcoin and Ether ETFs are seeing high demand after President-elect Trump pledged to ease crypto regulations. Bitcoin ETFs saw $6.5 billion in net inflows in November, while Ether ETFs had $1.1 billion. The interest in Ether is rising, with record daily subscriptions recently. The crypto market has surged $1.2 trillion since Trump’s election victory.

Ambuja Cements, part of the Adani Group, will attract attention on Tuesday following its announcement of a partnership with Finland-based Coolbrook. The collaboration aims to utilize zero-carbon heating technology to decarbonize Ambuja’s cement manufacturing process, supporting the company’s sustainability goals.

Investors are advised to closely monitor recovery trends and market challenges before committing to investments. Despite current difficulties, past market crashes were much tougher. Ola Electric is growing rapidly but facing service issues and market volatility. Investors may prefer to wait for noticeable improvements and stability in the company’s performance and market conditions.

Gaurav Bhandari, CEO of Monarch Networth Capital Limited, highlights that current levels indicate limited downside for Nifty, expecting it not to breach 23,263. He identifies several stocks with potential for bargain buys, and assesses that India is relatively insulated from US tariff changes under Trump, with resilient domestic markets and investment opportunities in metal, infrastructure, and NBFC sectors.

Ola Electric Mobility’s shares are expected to be in focus on Monday following a significant drop in sales for November, which fell by over 33%, from 41,756 units in October to 27,746 units. Despite the decline, Ola maintained its position as the market leader with a 25.09% market share, although its margin over competitors TVS and Bajaj Auto has narrowed.

Cipla’s shares are likely to attract attention on Monday as the company’s promoters may sell up to a 1.72% stake through block deals. The offer price is expected to be set at Rs 1,442 per share, with the total block size estimated at Rs 2,000 crore.

A long buildup occurs when open interest and trading volumes increase alongside a rise in the underlying stock price in the Futures and Options segment, signaling a bullish market trend.

Sensex and Nifty movements this week will be influenced by several factors, including weak Q2 GDP data, auto sales figures, FII selling trends, and the upcoming RBI meeting. Other key considerations include technical analysis, geopolitical tensions, global economic data points, and crude oil prices. Analysts expect market sideways movements for the next 6-12 months.

FIIs sold Rs 26,000 crore worth of Indian stocks in November, a slowdown from October’s Rs 94,000 crore. FII buying through the primary market continued. A weaker Q2 GDP and valuations have made the market outlook uncertain. A Santa Claus rally is uncertain, and FII inflows may resume only after further market correction.

Nifty futures start the December series with a higher OI base of Rs 30,800 crore. Rollovers are at 79%, higher than the three-month average. Market-wide futures OI is at Rs 4.4 lakh crore, and rollovers are at 89%. Bank Nifty rollovers are at 76.8%, above the three-month average. Nuvama expects Nifty to trade in a range of 23,450-25,000 with heightened volatility.