08th Dec 2023 #Nifty Intraday Levels & Pre-Market Reports

Nifty last close: 20901.15 (-0.17%)

After posting stellar gains for the past seven sessions, the benchmark indices took some breather on December 7
Nifty was opened 20930 then fell to 20850 again spiked to 20930
Finally, Nifty was down 36.50 points or 0.17 percent at 20,901.20.
Sensex was down 132.04 points or 0.19 percent at 69,521.69
Top losers on the Nifty were Bharti Airtel, HUL, ONGC, Apollo Hospitals and Tata Steel
while gainers included Power Grid Corporation, Adani Ports, UltraTech Cement
A mixed trend was seen on the sectoral front with auto and healthcare up 0.5 percent each
Oil & gas index was up 1 percent, power gained nearly 3 percent
While FMCG and metal indices were down 0.5 percent each
Midcap index rose 0.7 percent and smallcap index was up 0.3 percent
LIC rises more than 17% this week to reclaim the market cap of ?5 lakh cr
Govt directs sugar mills not to use sugar cane for ethanol production: Agencies
The RBI Monetary Policy Committee (MPC) will come out with its decision on key interest rates on December 8
SoftBank likely to sell Zomato shares worth $135 million via block deal
Foreign institutional investors (FIIs) net offloaded shares worth Rs 1,564.03 crore
while domestic institutional investors (DIIs) sold Rs 9.66 crore worth of stocks on December 7
US markets ended 0.17% higher, Nasdaq added 1.37% and S&P500 rallied 0.80%
US VIX ended around 13
US weekly jobless claims increase slightly
US 10-year yield rises slightly to 4.17 from 4.12
Brent crude futures dropped 25 cents to $74.05 a barrel
Spot gold edged up 0.3 percent to $2,029.92 per ounce
Asian markets open mixed in early trade
Nikkei falls more than 1% and Kospi up nearly 1%

GiftNifty indicates a flat opening for the index
Nifty is facing a intraday resistance 20925 and 20950
If stays above 20950 will try to move 21000

On flips side, Nifty considering a supports 20885 and 20850
Below 20850 finding a next support around 20800

Updated: 09.05 am / 08th Dec 2023