Stock Market Live Updates: GIFT Nifty Indicates Positive Open; Infosys, Varun Beverages Shares In Focus

Metal stocks will be in focus today after Silver and Gold hit fresh highs.

Commodity prices trends in past 1 month

• Aluminium prices up 6%

• Silver prices up 34%

• Copper prices up 8.5%

• Zinc prices up 2.80%

Rajesh Bhosale, Angel One picks Bharat Forge and Glenmark Pharma as top picks for the day, while Ajit Mishra, Religare Broking picks Manappuram Finance and Phoenix Mills.

India Vix is at a record low level this indicates that the World's largest Options market has become calm.

India VIX closes below 10 for the third session.

What Does VIX remaining below 10 means? 

• Lack of positions for options trade 

• Volumes, turnover drying up 

• Narrow range setup for short-term 

• May precedes larger move (either side)-for later  

• Ideally anything above 15 makes a good options market for trade 

The Nifty 50 index hasn’t shown strong movement recently, forming an “Inside Bar” on the weekly chart, which signals indecision, according to analysts.

The blue-chip index faced resistance near the 20-day and 50-day moving averages even as it has crossed the 20-day average, according to Osho Krishan, technical and derivative research analyst at Angel One.

On the upside, a clear breakout above 26,050–26,100 could give bulls some relief and potentially lead the index toward its record zone of 26,300–26,325, Krishan said.

• Nifty December futures up by 0.6% to 26037 at a premium of 60 points.

• Nifty December futures open interest down by 5.5%.

• Nifty Options on Dec 23: Maximum Call open interest at 26,000 and Maximum Put open interest at 25,900.