The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.9% in early trading. Gold hung on above $2,000 after a wild session on Monday, when it hit a record high in Asia before recoiling sharply lower. [GOL/]

Here's what Avdhut Bagkar, Derivatives & Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.

The S&P 500 receded, with megacaps Microsoft, Apple , Nvidia and Amazon dipping over 1%, pressured by higher U.S. Treasury yields, which made returns on stocks less attractive.

“Rossari Bio has recently experienced a robust breakout from both its support area and the Fibonacci golden zone at 710, accompanied by notable volume demand. Traders can buy for a target of Rs 840-845 in the next 3-4 weeks,” Jay Patel, Research Head at Investmentor Securities Limited, said.

Bank of India is likely to launch qualified institutional placement of Rs 3500-4000 crore, CNBC TV18 reported.

Securities Appellate Tribunal (SAT) has overturned the decision made by the Securities and Exchange Board of India (Sebi) against Mukesh Ambani and his company Reliance Industries (RIL). The order accused them of engaging in trades that influenced the prices of Reliance Petroleum (RPL) stock back in 2007. SAT has revoked the penalties imposed on RIL, Ambani, Navi Mumbai SEZ, and Mumbai SEZ, which amounted to a total of Rs 70 crore.

The Nifty gained 2.07%, or 418.90 points, to close at 20,686.80 after hitting a high of 20,702.65. The Sensex rose 2.05%, or 1,383.93 points, to close at 68,865.12, with the 70,000 mark in clear sight if the trend persists. Total market capitalisation shot up by ₹7.56 lakh crore (around $91 billion) on Monday.

JSW Dharamtar Port, a wholly-owned subsidiary of JSW Infrastructure, has signed an agreement to purchase 50% of PNP Maritime Services, which is held by SP Port Maintenance, a Shapoorji Pallonji group company.

"This lackadaisical approach by Sebi is contrary to spirit of Sebi Act...we find that the interest of the investors, namely, the appellants were least considered and apathy was writ large," read the SAT order.

Local funds invested ₹16,942 crore in November, which took the two-year rolling cumulative investments to ₹3.67 lakh crore (about $45 billion) in equities, according to Sebi data compiled by ETIG.

The company will also apply for a change of name to L&T Finance to the Reserve Bank of India (RBI), the brand name that it is known in the market, chief financial officer (CFO) Sachinn Joshi said.

The broking firm announced at 10:45 AM that the issue was resolved.

JSW Dharamtar Port, a wholly-owned subsidiary of JSW Infrastructure, has signed an agreement to purchase 50% of PNP Maritime Services, which is held by SP Port Maintenance, a Shapoorji Pallonji group company.

The Gautam Adani-owned group's market capitalisation surged by over ₹73,000 crore on Monday to ₹11.94 lakh crore, though this is still ₹7.26 lakh crore below the highs seen before January 24 this year.

With the addition of nine stocks on Friday, India's representation on the MSCI's Global Standard (Emerging Markets) index climbed to 16.27%, surpassing the earlier record set in October 2022 at 16.21%. Last month, India reclaimed the second position after displacing Taiwan. Currently, China has the highest weighting on the gauge - at 28%.

​​In the three months before the elections, the index has returned 8% on average. The brokerage has excluded years of fractured mandates — 1989 and 1998 — from its study.

Analysts said despite the recent record-breaking run, there is still room for more upside in 2024 spurred by the ongoing momentum of infrastructure building in India.

The stock hit a high of Rs 903 on 19th July 2023, but failed to hold on to the momentum. It took support around Rs 700 levels once in October and then again in November. It witnessed a swift price action last week and rallied more than 5% on Friday, 1st December, which resulted in a strong bullish candle. The supertrend indicator also triggered a buy on the daily charts last week.

In October 2020, Sebi prohibited Atul Kirloskar, Rahul Kirloskar, Alpana Kirloskar, Arti Kirloskar, and Jyotsna Kulkarni from accessing the securities market for six months. This order was challenged in the appellate tribunal, which passed in the interim of December 2020 and stayed Sebi's order subject to an undertaking to the effect that they would not sell their shares in KIL.

Pressuring equities on Monday were higher US Treasury yields, which made returns on stocks less attractive. Megacap names including Nvidia, Meta Platforms and Apple fell between 0.7% and 2.6%. Traders have priced in the likelihood that the central bank will keep rates unchanged next week, with about 59% betting on rate cuts starting as soon as March 2024, according to the CME Group's FedWatch tool.

Meta surged 172% this year through the end of November, outperforming all major US tech companies other than Nvidia Corp. That’s helping to maximize the proceeds for Zuckerberg’s activities outside Meta, which include venture capital, scientific research and impact investments.

The conglomerate's flagship company Bajaj Finance rose 12% so far this year, while shares of Bajaj Finserv have risen 9%. Bajaj Finance is leading with the highest market cap of 4.57 lakh crore among the group firms, followed by Bajaj Finserv and Bajaj Auto.

Domestic benchmark equity indices closed at new all-time highs on Monday, led by banking, financial and energy stocks as key wins for the ruling party in state elections boosted domestic market sentiment. The S&P BSE Sensex closed 2.05% higher at 68,865, while the NSE Nifty 50 index closed above the 20,650 level."A long bull candle was formed on the daily chart with a lower shadow. The huge opening upside gap of Monday remains unfilled. Technically, this pattern indicates strong upside momentum and a decisive upside breakout of the previous top at 20,200 levels. Though Nifty placed at the highs, still there is no indication of any reversal pattern unfolding at the new highs," said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.Here are 4 stock recommendations for Tuesday:

The acquisition values PNP Port at around Rs 700 crore with a current capacity of 5 million tonnes per annum (MTPA) and potential to expand to 19MTPA. This acquisition is part of JSW Infrastructure’s strategic direction to explore opportunities to expand organically and inorganically, to provide end-to-end logistics services near the cargo consumption centres.

The Dow Jones Industrial Average fell 156.12 points, or 0.43%, at the open, to 36,089.38. The S&P 500 opened lower by 30.26 points, or 0.66%, at 4,564.37, while the Nasdaq Composite dropped 136.37 points, or 0.95%, to 14,168.66 at the opening bell.

The VC firm is offering 61 lakh shares or 1.9% stake in the personal care products maker. The deal is expected to be worth Rs 230 crore. The floor price for the sale is set at Rs 368.7-384.1 a share, representing upto 4% discount from the current market price.

The S&P BSE Sensex rallied over 1,300 points while the Nifty50 closed with gains of over 400 points to close at 20,686. The S&P BSE Sensex hit a record high of 68,918 while the Nifty50 hit a high of 20,702. Sectorally, buying was seen in oil & gas, banks, public sector, power and capital goods stocks.

During Monday's trading session, the Sensex benchmark index witnessed a surge of around 1,384 points, concluding the day at 68,865. Amidst this upward movement, five stocks within the BSE capital goods index achieved their highest prices in the last 52 weeks. The 52-week high serves as a vital technical indicator for traders and investors, indicating a stock's peak price over the preceding year. This metric aids in evaluating the current value of the stock and predicting potential fluctuations in its future prices.

In January 2021, Sebi imposed a Rs 25 crore fine on Reliance Industries Ltd(RIL), Rs 15 crore on Ambani, who is the company's Chairman and Managing Director, Rs 20 crore on Navi Mumbai SEZ Pvt Ltd and Rs 10 crore on Mumbai SEZ Ltd in RPL case.

All the sectoral indices recorded gains with oil and gas surging the highest 3.77 per cent followed by Bankex rising to 3.56 per cent. While the power sector index went up 2.99 per cent, financial services advanced 2.98 per cent and utilities jumped 2.94 per cent.

“The huge opening upside gap of Monday remains unfilled. Technically, this pattern indicates strong upside momentum and a decisive upside breakout of the previous top at 20200 levels,” said Nagaraj Shetti, technical research analyst, HDFC Securities.

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Monday's trading session, five stocks saw top short covering. Here's the list:

Prime Minister Narendra Modi’s victories in three state elections drove India’s stock market to a new record high. With Sensex and Nifty at all-time high levels, bulls are gunning for newer peaks ahead of the Lok Sabha elections next year. According to past trends, Nifty has rallied 39% in the run-up to elections. (Source: ETNOW)

The company had earlier announced a bonus issue to investors in the proportion of 6:1, which means, for every one share held, investors will get an additional six shares.

Domestic benchmark equity indices hit fresh all-time highs on Monday, driven by financial and energy stocks as state election results boosted market momentum driven by strong macroeconomic data and easing global interest rate expectations. Meanwhile, as per data available on StockEdge, a number of largecap stocks outperformed the benchmark Nifty50 index on a 1-week and 3-month basis as of December 1. Here's a list:

Financial and energy stocks led benchmark equity indices to new all-time highs on Monday as key wins for the ruling party in state elections lifted the broader domestic market, already boosted by strong macroeconomic data and easing global interest rate expectations.Meanwhile, during this rally, 5 midcap stocks from the Nifty200 index managed to hit new all-time highs. Here's a list:

Stocks in the broader markets have had an exemplary run over the past 12 months with Nifty Midcap 100 returning more than 30%. On the back of this bull run, InCred Equities has identified seven stocks with Add recommendations and one with Reduce. Take a look!

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Monday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Closing Bell: Sensex ends at fresh record high, surges 1,384 pts; Nifty above 20,650; Inox Wind climbs 17%, Cyient 10%

The 30-share BSE benchmark Sensex advanced 1,384 points or 2.05% to settle at 68,865. The broader NSE Nifty surged 419 points or 2.07% to end at 20,687. Meanwhile, the market capitalisation of all listed companies on BSE surged by Rs 5.78 lakh crore to Rs 343.45 lakh crore.

There are many sectors which have seen a re-rating in the last nine years. Especially in sectors like railways, defence where both the policy direction and funds both come from the government have seen a strong performance. There is another sector where policy making has an impact but it takes more to show its impact that is PSU banking space. With better than expected GDP numbers and the fact that state elections have thrown results, which street would take a sign of continuation of the current policies of clean up of the sector, will PSU banks see another round of push. ?

ETMarkets spoke to Satish Ramanathan, CIO - Equity, JM Financial Asset Management on why he is cautious on markets, sectors to watch out for in 2024, and when to rejig the portfolio.

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Monday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

The Nifty 50 Index’s 14-day relative strength index — a gauge of price momentum — is nearing a two-standard deviation threshold. Declines of more than 9% on average have followed in the five instances going back to 2018 when Nifty punched above this line, data compiled by Bloomberg show.

The project is estimated to cost Rs 1,544 crore and commissioned within 24 months from the date of transfer of the project SPV. Tata Power will maintain the transmission project for 35 years.

“Some of our users were facing issues with logging into Kite web and adding instruments to the marketwatch. These issues are resolved. We regret the inconvenience caused,” the broking firm said in its tweet.

The landslide victory for Street favourite BJP is not only seen as a validation of a favourable outcome in next year's poll but may also help the ruling party keep populism under check. However, some welfare policies may gain momentum in the upcoming Budget, which will help "Bottom of Pyramid" demand recovery.

Will BJP's stunning victory in three states recharge bulls? -- Swaminathan Aiyar, Consulting Editor, ET NOW joins us to discuss more.

FIIs who had been bothered by the Indian market’s rich valuations and were hoping for a correction to build more substantial positions in the market may see those hopes evaporating, leaving them with the unsavory choice of either staying out of a market that may not correct or may continue to do well or entering the market at current levels despite their reservations about the market’s valuations in general, Kotak Equities said.