SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Nifty ends higher for second straight session

25 Nov 2024 Evaluate

Indian equity benchmark -- Nifty -- ended Monday’s trading session with over a percent gains, driven by investors optimism after the BJP-led Mahayuti alliance won the Maharashtra elections. Index made an optimistic start and extended its gains, as traders took support with report stating that the Trade and Economic Partnership Agreement (TEPA), signed in March 2024 between India and the European Free Trade Association (EFTA) countries, is poised to unlock new opportunities for Indian exports and drive investments worth $100 billion.

In afternoon session, index came off from day’s high point, as traders were cautious with the latest data released by the Reserve Bank of India (RBI) showing that India’s foreign exchange (forex) reserves declined $17.76 billion, the sharpest weekly fall, to hit a four-month low of $657.8 billion for the week ended November 15. However, index held its notable gains and remained higher till end of the day, as traders were positive with Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Jitendra Singh’s statement that from being led, India is today in a position to lead others across the world and this is amply borne out by recent success stories accomplished under PM Narendra Modi including Space sector headway, Biotechnology Vaccine breakthroughs and CSIR Purple Revolution. 

All the sectorial indices ended in green. The top gainers from the F&O segment were Siemens, Vodafone Idea and Cummins India. On the other hand, the top losers were Alkem Laboratories, JSW steel and National Aluminium Company. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×