Market Bizzz

Investors were still digesting data released on Friday that showed U.S. prices fell in November for the first time in more than 3-1/2 years, underscoring the economy’s durability.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Equity returns during general election years have been positive in nine out of 11 instances, with a median return of 17%, according to data compiled by ICICI Securities. In 2019, the Nifty gained approximately 14.3%, while in 2014, the index rallied 30%.

Anand James says: “Throughout the most part of 2022 as well as 2023, the sector had been going through a period of correction as well as consolidation, before starting the reversal moves late 2023. A pause in the last few days augurs well for the trend to breach the 2022’s peak on the Nifty IT index.”

Muthoot Microfin shares will likely get listed on the exchanges on December 26. Ahead of the listing, the company’s shares are commanding a premium of Rs 26 in the unlisted market. Considering the upper price band of Rs 291, the company’s shares are expected to list with a mild premium of 9% on the exchanges.