Benchmark indices close on a higher note with Nifty Pharma among the top gainers!
In the latest market developments, both Sensex and Nifty have concluded the trading session on a positive note, recording gains of 0.49 per cent and 0.59 per cent, respectively.
Market Update at 3:45 PM: In the latest market developments, both Sensex and Nifty have concluded the trading session on a positive note, recording gains of 0.49 per cent and 0.59 per cent, respectively. This upward trend is echoed in the broader indices, with Nifty Midcap registering a substantial surge of 1.08 per cent, while Nifty Smallcap also finishes higher by a commendable 0.99 per cent.
However, the surge in market volatility is evident, as India VIX has spiked significantly, rising by 10.61 per cent. This increase in volatility underscores the dynamic nature of the current trading environment.
Among the sectors, Nifty Pharma, Nifty Media, and Nifty Metal are the standout performers, exhibiting strong gains and driving overall market positivity. Notably, Nifty IT was the sole major sector that lagged behind during the trading session.
Top gainers in the Nifty 50 include Hindalco, NTPC, and Hero Motocorp, while Adani Enterprises, LTIMindtree, and HCL Tech grapple with losses.
With approximately 1348 advancing stocks compared to 648 declining stocks, the broader market sentiment remains optimistic, reflecting investor confidence and an overall positive outlook.
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Market Update at 2:10 PM: In the current stock market scenario, there's a strong surge in both Sensex and Nifty, posting impressive gains of 0.88 per cent and 0.97 per cent, respectively. This bullish momentum extends to the broader indices, with Nifty Midcap recording substantial growth of 1.32 per cent, and Nifty Smallcap not far behind with a notable rise of 1.2 per cent.
Investors are witnessing a significant reduction in market volatility as India VIX experiences a substantial drop of 10.06 per cent. This reduction in volatility contributes to a more stable trading environment.
Sector-wise, Nifty Pharma, Nifty Media, and Nifty Metal are leading the pack, reflecting positive sentiment and robust performance in these segments. Notably, there are currently no major sectors underperforming, indicating the overall strength and resilience of the market.
Key gainers within the Nifty 50 include Hindalco, NTPC, and Dr. Reddy’s Laboratories, while Adani Enterprises, LTIMindtree, and Asian Paints face some headwinds.
With approximately 1462 stocks advancing compared to 534 stocks declining, the broader market sentiment remains overwhelmingly positive, signifying investor confidence in the prevailing market conditions.
Market Update at 12:40 PM: In the current market session, there is a positive tone as both Sensex and Nifty demonstrate strength with moderate increases of 0.69 per cent and 0.78 per cent, respectively. Additionally, Nifty Midcap stands out with substantial gains of 1.12 per cent, while Nifty Smallcap follows suit with a respectable 0.95 per cent rise.
Investors are witnessing a significant drop in market volatility, as India VIX plunges by an impressive 9.44 per cent, contributing to a more stable trading environment.
Meanwhile, European markets are gearing up for a mixed opening, with DAX and FTSE futures trading higher by 0.6 per cent and 0.27 per cent, respectively, while CAC futures show a slight dip of 0.5 per cent.
In terms of sector performance, Nifty Pharma, Nifty Media, and Nifty Metal are among the top gainers, reflecting positive sentiment across these industries. Remarkably, there are currently no major sectors underperforming, highlighting the overall strength of the market.
Key gainers from the Nifty 50 include NTPC, Dr. Reddy's Laboratories, and Hindalco, while Adani Enterprises, LTIMindtree, and Power Grid face some losses.
With about 1474 stocks advancing compared to 522 stocks declining, the broader market sentiment remains positive, indicating investor confidence in the prevailing market conditions.
Market Update at 11:15 AM: In the latest market update, both the Sensex and Nifty have recorded gains of 0.35 per cent and 0.43 per cent, respectively. Additionally, Nifty Midcap has surged by 0.88 per cent, while Nifty Smallcap has seen a moderate increase of 0.51 per cent.
Market volatility, as measured by India VIX, has notably decreased by 6.71 per cent, indicating a calmer market sentiment.
Among the sectoral indices, leading gainers include Nifty Pharma, Nifty Media, and Nifty Energy, while the Nifty IT sector is experiencing the most significant losses.
Within the Nifty 50, top gainers feature NTPC, Dr. Reddy's Laboratories, and Sun Pharma, while the leading decliners consist of LTIMindtree, Adani Enterprises, and HCL Tech.
The broader market sentiment appears positive, with approximately 1367 stocks advancing compared to 599 stocks declining, reflecting an overall optimistic sentiment.
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Market Update at 9:30 AM: In the latest market update, both the Sensex and Nifty have commenced the day on a positive note, showing gains of 0.15 per cent and 0.19 per cent, respectively. Additionally, Nifty Midcap has opened moderately higher with a 0.45 per cent increase, while Nifty Smallcap has started the day on a more upbeat note with a gain of 0.43 per cent.
Notably, the India VIX has experienced a notable decline, dropping by 4.29 per cent.
Among the sectoral indices, Nifty Metal, Nifty Energy, and Nifty Pharma are leading the gains, whereas Nifty IT and Nifty Auto are among the top decliners.
In terms of individual stocks within the Nifty 50, top gainers include NTPC, Hindalco, and UPL, while the leading losers consist of Infosys, Asian Paints, and Wipro.
The broader market sentiment appears positive, with approximately 1359 stocks advancing compared to 447 stocks declining, signifying an overall optimistic sentiment.
Pre-Market Update at 7:50 AM: On Thursday evening, stock futures showed a minor uptick as investors geared up to conclude a challenging September. During the regular trading session on Thursday, stocks managed to close with modest gains. The S&P 500 saw an increase of 0.59 per cent, the Dow edged up by 0.35 per cent, and the Nasdaq Composite advanced by 0.83 per cent. These gains coincided with a slight retreat in the 10-year Treasury yield from its recent 15-year high.
In the early Asian trading session on Thursday, oil prices experienced an increase following their recent surge to the highest settlement of the year in 2023. This uptick was primarily driven by a significant decline in US crude inventories, intensifying concerns about global supply constraints. Brent crude futures rose by 16 cents, reaching USD 96.71 per barrel.
Meanwhile, in the futures market, the Dollar index displayed a 0.16 per cent decrease, trading at 106.32, while the value of one dollar remained close to Rs 83.19.
The GIFT Nifty points toward a slightly optimistic opening for the benchmark indices, with an increase of 15 points. GIFT Nifty futures have reached 19,638 points, having reached a peak of 19,649 points earlier.
On September 28, foreign institutional investors (FII) offloaded shares worth Rs 3,364.22 crore, while domestic institutional investors (DII) bought shares worth Rs 2,711.48 crore.
No stocks are banned for trading in the F&O segment on September 29, 2023.