Good Morning!

The penultimate day of the year may see the Nifty 50 scale the 14,000-mark, nearly doubling from its March low of 7,511. The 50-stock gauge ended 68 points shy of the level on Tuesday.

The futures and options data indicates that the 14,000 call strike for this Thursday’s expiry has close to 58 lakh shares in open interest. The index ended higher for the fifth straight day on Tuesday, despite reversing from its intra-day high of 13,967.

Futures are indicating a positive start to today’s trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.35% to 13,981 as of 6:55 a.m. on Wednesday.

For today’s session, Canara Bank is out of the F&O ban, while Punjab National Bank and Steel Authority of India Ltd. continue to stay in the ban.

Globally, Asian markets are mixed this morning after the U.S. equities pulled back from a record high overnight. Markets in Japan and Australia are declining, while those in Hong Kong and South Korea trade with gains.

Futures on the Dow Jones are trading with gains of 35 points. The index ended 0.2% lower on Tuesday.

West Texas Intermediate crude rose 0.5% to $48.23 per barrel, while gold rose 0.2% to $1,881.25/Oz.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

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