10 things to know before you make your opening trade on December 1

Bears took control of D-Street in the second half of the trading session on Tuesday pushing benchmark indices below crucial support levels. 
 
The S&P BSE Sensex fell by about 200 points while the Nifty50 closed below 17000. The broader market outperformer. The S&P BSE Mid-cap index rose 0.29 per cent while the S&P BSE Small-cap index rose 1.4 per cent. 
 
Experts are of the view that the Nifty50 is likely to remain volatile. The index has a crucial support near 16782 while on the upside key resistance levels are placed above 17200 levels. 
 
“On the higher side, however, the bounce seen in Nifty50 fizzled out near the upper end of the dynamic falling channel & the 40-hour exponential moving average. Thereon the bears took charge & dragged the Nifty below 17000,” Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas, said. 
 

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“Going ahead, the low point of the recent Doji formation i.e. 16782 will be the key support to watch out for. Till that holds the Nifty can go for a base formation in the range of 16800-17200,” he added. 
 
Stay tuned to Zeebiz.com to find out what could impact your trade today. We have collated a list of top 10 news points which could impact markets, companies, or the economy:     
 
Global Markets:   

Major Wall Street indices closed in the red on Tuesday. Dow Jones slumped 1.86% or 652 points to 34,483, Nasdaq Composite ended lower by 245 points to 15,537 and S&P 500 settled for 4567 after shedding 88 points or 1.90% 
 
Asian Markets: 

In the Asian Market, all important indices saw trading in positive territory on Wednesday.  Japanese Nikkei was trading 0.78% to 28,040, Hang Seng Index at Hong Kong Exchange was up 288 points or 1.24% to 23,767 and Shanghai Composite was trading flat at 3558 around 7.40 am on Wednesday. 
 
SGX Nifty: 
 
SGX Nifty Futures were trading higher by 47 points to 17,110.50 around 7.40am, hinting at flat to positive opening for the Indian markets.   

India GDP Data: 
 
India reported an 8.4 per cent growth in its Gros Domestic Product (GDP) for July-September 2021 quarter which is estimated at Rs 35.73 lakh crore at Constant (2011-12) versus 32.97 lakh crore during the corresponding period in FY21 according to a data released by the NSO on Tuesday 
 
October infrastructure output: 
 
India’s infrastructure output growth rose to 7.5% year-on-year in October from 4.4% the previous month, government data showed on Tuesday. 
 
S&P keeps India's GDP growth forecast unchanged 
 
S&P Global Ratings on Tuesday kept India’s economic growth forecast in the fiscal year to March 2022 unchanged at 9.5 per cent but raised its predictions for the subsequent year on broadening out of the recovery. 
 
Tega Industries IPO opens on December 1: 
 
Tega Industries IPO has fixed a price band of Rs 443-453 a share for its Rs 619-crore initial share-sale. The three-day initial public offering (IPO) of manufacturer of consumables for the mining industry will open on December 1 and conclude on December 3, the company announced. 
 
India to log double-digit growth this fiscal: CEA 
 
Chief Economic Adviser (CEA) K V Subramanian on Tuesday said India is expected to log double-digit growth in the current financial year, aided by rising demand and a robust banking sector. He also said the seminal second generation reforms would help the country grow over 7 per cent during this decade. 
 
FII Activity: 
 
Foreign portfolio investors (FPIs) remained net sellers for Rs 5445.25 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 5350.23 crore, provisional data showed on the NSE. 
 
Stocks under F&O ban on NSE 
 
One stock: Indiabulls Housing Finance placed under the F&O ban on Wednesday. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit. 
 
(With inputs from PTI, Reuters and other agencies)   
 
(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)