Market Bizzz

Four Nifty500 stocks showed strengthening momentum on 21 November as their RSI values crossed above 50 from lower levels. This shift typically signals early bullish intent and building accumulation, helping traders identify emerging opportunities in the early stages of a potential upward trend supported by improving price strength.

Oil prices are falling again. Peace talks between Russia and Ukraine are moving forward. This could lead to more Russian oil entering the market. The U.S. dollar is also getting stronger. This makes oil more expensive for many countries. Investors are watching these developments closely.

Aditya Kumar Halwasia acquired 38 lakh shares in Karnataka Bank for Rs 71 crore, a deal executed at a premium. The smallcap lender, supported by Quant Mutual Fund, saw its stock jump nearly 8% amid significant volume spikes. Karnataka Bank’s net profit improved quarter-on-quarter, while NPAs moderated.

Eternal, a food delivery and quick-commerce platform, has stated that the new social security code will not negatively impact its long-term business prospects. The company is actively seeking clarity from the government on the exact financial and operational implications. Eternal anticipates these changes and is committed to the well-being of its gig workers, already providing insurance and welfare benefits.

Shankar Sharma, founder of GQuant FinXray, argues that timing the macro cycle is essential for investment success, stating that most returns are driven by market trends. He points to the 2014-2020 period as an example of poor returns due to a lack of macro tailwinds, with significant gains only occurring in the last 4-5 years.

Indian markets surged Friday as traders anticipated a Federal Reserve interest rate cut next month, boosting sentiment. Despite weekly losses amid tech valuation worries, Nvidia saw a jump on potential China sales. Fed officials offered mixed signals on rate policy, creating market anticipation for the December meeting’s outcome.

Indian banks have successfully adopted the new SWIFT ISO 20022 messaging standard. This achievement places them ahead of the global average. The Ministry of Finance and Reserve Bank of India drove this initiative. All Indian banks are now ready for cross-border payments under the new framework. This ensures smooth operations and avoids potential disruptions and penalties.

The Securities and Exchange Board of India (Sebi) is set to review its mutual fund and stock broker regulations next month. Key proposals include unbundling broking fees and updating stock broker rules, which were framed 30 years ago. Sebi aims to streamline compliance and enhance ease of doing business.

Morgan Stanley has abandoned its prediction of a December Federal Reserve rate cut following a robust September jobs report. The economy showed resilience with 119,000 non-farm payroll additions, though the unemployment rate climbed to a four-year high. The bank now anticipates rate cuts in January, April, and June 2026.

Oil prices declined for a third consecutive session as the U.S. advocated for a Russia-Ukraine peace deal, potentially increasing global oil supplies. Uncertainty surrounding U.S. interest rate cuts also dampened investor risk appetite, contributing to oversupply concerns and a bearish market sentiment.