Benchmark indices close on a positive note, after making new all-time highs!

On Friday’s trading session Benchmark indices concluded the day on a higher note with Sensex closing higher by 1.37 per cent making new all-time high of 71,695.76 level, while Nifty surged by 1.29 per cent reaching at its all-time high of 21,492.30.

Market Update at 3:40 PM: On Friday’s trading session Benchmark indices concluded the day on a higher note with Sensex closing higher by 1.37 per cent making new all-time high of 71,695.76 level, while Nifty surged by 1.29 per cent reaching at its all-time high of 21,492.30. Similarly, Broader indices closed on a higher note with Nifty Midcap surging by 0.11 per cent, while Nifty Smallcap soared by 0.71 per cent.

Market volatility, as indicated by India VIX, has surged by 6.55 per cent, reflecting an increase in market volatility.

Nifty IT, Nifty PSU Bank and Nifty Metal were among the top gainers while, Nifty Realty, Nifty Media and Nifty FMCG were among the top losers.

TCS, HCL Technologies and Infosys were among the top gainers while HDFC Life, Nestle India and Bharti Airtel were among the top losing stocks from the Nifty 50.

About 1085 stocks were advancing as against to 952 stocks that were declining, thus indicating an optimistic sentiment in the broader market.

Market Update at 2:25 PM: In the ongoing trading session the Sensex has surged by 0.73 per cent making an all-time high of 71,171.07, while Nifty has soared by 0.72 per cent reaching a new all-time high of 21,365.75. Similarly, Nifty Midcap trades marginally higher by 0.05 per cent, while Nifty Smallcap surges by 0.62 per cent.

India VIX has marginally increased by 1.64 per cent, indicating a slight increase in market volatility.

Nifty IT, Nifty Metal and Nifty PSU Bank are among the top gainers while, Nifty Realty, Nifty FMCG and Nifty Auto are among the top losers.

HCL Technologies, Infosys TCS are among the top gainers while Nestle India, HDFC Life and Bharti Airtel are among the top losing stocks from the Nifty 50.

About 1135 stocks are advancing as against to 905 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:40 PM: In the ongoing trading session the Sensex has surged by 0.69 per cent, while Nifty has soared by 0.68 per cent. Similarly, Nifty Midcap trades higher by 0.16 per cent, while Nifty Smallcap surges by 0.67 per cent.

India VIX has marginally increased by 1.34 per cent, indicating a slight increase in market volatility.

European stocks may open on a positive note on Friday amidst hopes that China could step up stimulus to maintain stable economic growth. European futures, DAX, CAC and FTSE trade higher by 0.06 per cent, 0.14 per cent and 0.04 per cent.

Nifty IT, Nifty Metal and Nifty Energy are among the top gainers while, Nifty FMCG, Nifty Financial Services and Nifty Realty are among the top losers.

TCS, HCL Technologies and Infosys are among the top gainers while HDFC Life, Nestle India and SBI Life are among the top losing stocks from the Nifty 50.

About 1214 stocks are advancing as against to 826 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:10 AM: In the current trading session the Sensex has surged by 0.61 per cent making a new all-time high of 71,084.08, while Nifty also soared by 0.59 per cent making a record high of 21,355.65. Similarly, Nifty Midcap trades marginally higher by 0.03 per cent, while Nifty Smallcap surges by 0.44 per cent.

India VIX has marginally increased by 1.1 per cent, indicating a slight increase in market volatility.

Nifty IT, Nifty Metal and Nifty Energy are among the top gainers while, Nifty FMCG, Nifty PSU Bank and Nifty Financial Services are among the top losers.

Tech Mahindra, Infosys and TCS are among the top gainers while HDFC Life, Nestle India and SBI Life are among the top losing stocks from the Nifty 50.

About 1220 stocks are advancing as against to 791 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:45 AM: On Friday, the Sensex opened moderately higher by 0.25 per cent and made a new all-time high of 70,853.56, while Nifty also opened substantially higher by 0.28 per cent and reached a new all-time high of 21,298.15. Similarly, Nifty Midcap opened on a positive note surging by 0.26 per cent, while Nifty Smallcap opened higher by 0.43 per cent.

India VIX has marginally dipped by 0.49 per cent, indicating a slight decrease in market volatility.

Nifty Metal, Nifty IT and Nifty Media are among the top gaining sectors while Nifty Realty, Nifty Financial Services and Nifty FMCG are among the top losers.

Infosys, Hindalco and UPL are among the top gainers while HDFC Life, Nestle India and Axis Bank are among the top losing stocks from the Nifty 50.

About 1427 stocks are advancing as against to 484 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:05 AM: Thursday saw a positive close for US stocks, marking the Dow Jones Industrial Average's second consecutive record high, driven by optimism surrounding anticipated decreases in borrowing rates next year, following a more dovish stance by the Federal Reserve.

The S&P 500 rose by 0.26 per cent, concluding at 4,719.55 points, remaining just under 2 per cent below its record high close in January 2022. The Nasdaq Composite Index recorded a 0.19 per cent gain at 14,761.56 points, while the Dow Jones Industrial Average experienced a 0.43 per cent increase, reaching 37,248.35 points.

The GIFT Nifty trends suggest a positive opening for the benchmark indices in India, showing an increase of 79 points or 0.37 per cent. Nifty futures are currently trading at the 21,419 level.

Bank of England Maintains Interest Rates at 5.25 per cent:

The Bank of England has opted to keep interest rates steady at the highest level in 15 years, reinforcing its message of a prolonged period of elevated rates despite increasing market expectations of potential cuts in 2024.

According to the released minutes of the decision on Thursday, the Monetary Policy Committee voted 6-3 to maintain the key policy rate at 5.25 per cent for the third consecutive meeting. The division among policymakers mirrored that of the November meeting, with three members advocating for a rate hike.

The committee retained its guidance, emphasizing that rates would need to remain "sufficiently restrictive for sufficiently long" to curb inflation. This stands in contrast to the recent signals from the Federal Reserve, which indicated a readiness to ease rates in the coming year.

On Thursday, oil prices increased by 3 per cent, building on gains from the previous session, propelled by a softer dollar and an upward revision in the International Energy Agency's (IEA) oil demand projection for the upcoming year.

Brent futures concluded USD 2.35 higher, reflecting a 3.2 per cent rise, closing at USD 76.61 per barrel. Simultaneously, U.S. West Texas Intermediate (WTI) crude saw a climb of USD 2.11, marking a 3 per cent increase and settling at USD 71.58.

On December 14, 2023, foreign institutional investors (FII) bought shares worth Rs 3,570.07 crore, while domestic institutional investors (DII) purchased shares worth Rs 553.17 crore.

Stocks that are banned for trading in the F&O segment on December 15, 2023, are BALRAMCHIN, DELTACORP, HINDCOPPER, IBULHSGFIN, INDIACEM, MANAPPURAM, SAIL and ZEEL.