Benchmark indices close on a lower note while Broader indices outperformed!

On Thursday’s trading session Benchmark indices concluded the day on a negative note with Sensex closing lower by 0.19 per cent closing at 69,521.69 level. Similarly, Nifty closed lower by 0.17 per cent concluding at 20,901.15 level.

Market Update at 3:40 PM: On Thursday’s trading session Benchmark indices concluded the day on a negative note with Sensex closing lower by 0.19 per cent closing at 69,521.69 level. Similarly, Nifty closed lower by 0.17 per cent concluding at 20,901.15 level. Additionally, broader indices closed on a positive note with Nifty Midcap closing higher by 0.59 per cent and Nifty Smallcap closing higher by 0.37 per cent.

Market volatility, as indicated by India VIX, has declined by 7.77 per cent, reflecting an increase in market volatility.

Nifty Energy, Nifty Media and Nifty Pharma were among the top gainers while, Nifty FMCG, Nifty Metal and Nifty IT underperformed.

Power Grid, Adani Ports and Ultratech Cement were among the top gainers while Bharti Airtel, Hindustan Unilever and ONGC were among the top losing stocks from the Nifty 50.

About 1151 stocks were advancing as against to 887 stocks that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:20 PM: In the current trading session the Sensex has marginally declined by 0.18 per cent, while Nifty trades lower by 0.14 per cent. Nifty Midcap trades higher by 0.49 per cent, while Nifty Smallcap trades higher by 0.39 per cent.

India VIX has plunged by 6.90 per cent, indicating a decrease in market volatility.

Nifty Energy, Nifty Pharma and Nifty Auto are among the top gainers while, Nifty FMCG, Nifty Metal and Nifty IT are among the top losing sectors.

Power Grid, Adani Ports and Cipla are among the top gainers while Bharti Airtel, Hindustan Unilever and ONGC are among the top losing stocks from the Nifty 50.

About 1240 stocks are advancing as against to 792 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:45 PM: In the ongoing trading session the Sensex has marginally declined by 0.15 per cent, while Nifty trades lower by 0.09 per cent. Nifty Midcap trades higher by 0.39 per cent, while Nifty Smallcap trades higher by 0.38 per cent.

India VIX has plunged by 6.6 per cent, indicating a decline in market volatility.

European markets are heading for a lower open on Thursday reversing gains seen in the previous trading session. European futures, DAX, CAC and FTSE trades lower by 0.4 per cent, 0.23 per cent and 0.11 per cent respectively.

Nifty Energy, Nifty Auto and Nifty Pharma are among the top gainers while, Nifty FMCG, Nifty Media and Nifty Metal are among the top losing sectors.

Adani Ports, Power Grid and Cipla are among the top gainers while ONGC, Bharti Airtel and Hindustan Unilever are among the top losing stocks from the Nifty 50.

About 1237 stocks are advancing as against to 799 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:15 AM: In the current trading session the Sensex has marginally declined by 0.1 per cent, while Nifty trades lower by 0.08 per cent. Nifty Midcap trades higher by 0.35 per cent, while Nifty Smallcap trades higher by 0.45 per cent.

India VIX has plunged by 4.82 per cent, indicating a decrease in market volatility.

Nifty Energy, Nifty Auto and Nifty PSU Bank are among the top gainers while, Nifty FMCG, Nifty Media and Nifty Metal are among the top losing sectors.

Adani Ports, Power Grid and Maruti are among the top gainers while ONGC, Bharti Airtel and Hindustan Unilever are among the top losing stocks from the Nifty 50.

About 1264 stocks are advancing as against to 729 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:35 AM: Thursday saw the Sensex opening with a decline of 0.33 per cent, while the Nifty commenced trading with a modest drop of 0.26 per cent. Concurrently, Nifty Midcap experienced a dip of 0.1 per cent, and Nifty Smallcap recorded a marginal decrease of 0.1 per cent.

The India VIX witnessed a significant decrease of 2.53 per cent, signifying a notable reduction in market volatility.

Notable sectoral movements included positive momentum in Nifty Energy, Nifty Pharma, and Nifty Realty, while Nifty Media, Nifty FMCG, and Nifty PSU Bank faced setbacks.

Top gainers among individual stocks comprised Adani Ports, SBI Life, and Adani Enterprises, while Hindustan Unilever, ONGC, and Apollo Hospitals found themselves among the top losers within the Nifty 50.

In the broader market scenario, approximately 954 stocks demonstrated upward momentum, closely balanced by 944 stocks that exhibited a decline, indicating a relatively neutral sentiment in the broader market.

Pre-Market Update at 8:20 AM: Wednesday saw a downturn in U.S. stocks, driven by declines in megacaps and energy shares. Signs of a slowing job market further fuelled expectations that the Federal Reserve might initiate interest rate cuts in the early part of the upcoming year.

The S&P 500 experienced a 0.39 per cent decline, concluding the session at 4,549.34 points. Simultaneously, the Nasdaq Composite Index dropped by 0.58 per cent, settling at 14,146.71, while the Dow Jones Industrial Average slipped by 0.19 per cent to 36,054.43.

Indications from the GIFT Nifty suggest a downward initiation for the broader index in India, reflecting a decline of 50 points or 0.24 per cent. The Nifty futures are hovering around the 21,046.50 level.

The dollar index, gauging the currency against six other major currencies, recently showed a marginal decline of 0.01 per cent, resting at 103.95. This follows its earlier touch of a two-week peak at 104.10.

On December 06, 2023, foreign institutional investors (FII) offloaded shares worth Rs 79.88 crore, while domestic institutional investors (DII) sold shares worth Rs 1,372.18 crore.

Stocks that are banned for trading in the F&O segment on December 07, 2023, is DELTACORP, IBULHSGFIN, INDIACEM, SAIL and ZEEL.