SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Nifty ends higher on Friday; reclaims 24100 mark

29 Nov 2024 Evaluate

Indian equity benchmark -- Nifty -- ended Friday’s trading session in positive terrain led by gains in heavyweight stocks. Index made a slightly positive start, as traders took support with Commerce and Industry Minister Piyush Goyal’s statement that President-elect Donald Trump is a ‘friend of India’ and India-US friendship will only continue to blossom and grow further. The minister also said he does not foresee any problems in the Indo-US partnership, and exuded confidence that it would further strengthen with the new administration taking over in Washington. 

In afternoon session, index extended its gains to trade near day’s high point and remained higher till end of the day, as sentiments remained optimistic, amid a private report stating that revenue collections of states, as percentage of their gross domestic product, are budgeted to beat the pre-Covid level in 2024-25 on the back of projected improvement in their own revenue streams as well as central transfers. Adding more relief, the Ministry of Petroleum & Natural Gas in its latest notification has said that government has been taking various steps to ensure fair and reasonable prices for consumers. 

Most of the sectorial indices ended in green except PSU Bank and Realty stocks. The top gainers from the F&O segment were Adani Green Energy, Adani Energy Solutions and Housing and Urban Development Corporation. On the other hand, the top losers were Poonawalla Fincorp, Colgate-Palmolive (India) and Oil India. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 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:

×