Benchmark indices close significantly higher amidst higher volatility!

Wednesday's trading session witnessed a strong uptrend in benchmark indices, with the Sensex surging by a substantial 1.1 per cent and the Nifty closing 1.04 per cent higher.

Market Update at 3:40 PM: Wednesday's trading session witnessed a strong uptrend in benchmark indices, with the Sensex surging by a substantial 1.1 per cent and the Nifty closing 1.04 per cent higher. The positive momentum extended to broader indices, with Nifty Midcap recording a gain of 0.81 per cent and Nifty Smallcap closing higher by 1.03 per cent.

Market volatility, reflected by the India VIX, experienced a notable surge of 4.95 per cent, signalling an increase in market uncertainty.

Among the sectors, Nifty Auto, Nifty Bank, and Nifty IT emerged as top gainers, while Nifty Realty and Nifty Media faced losses.

Individual stock performances highlighted Axis Bank, Hero Motocorp, and M&M as the top gainers, whereas Adani Enterprises, ONGC, and Divi’s Laboratories found themselves among the top losers within the Nifty 50.

The broader market sentiment remains positive, with 1033 advancing stocks compared to 990 declining stocks, indicating an optimistic outlook in the broader market.

Market Update at 2:10 PM: In the ongoing trading session, the Sensex exhibits a notable rise of 0.91 per cent, closely followed by the Nifty with a gain of 0.86 per cent. Furthermore, Nifty Midcap and Nifty Smallcap also contribute to the positive trend, marking increases of 0.7 per cent and 0.67 per cent, respectively.

India VIX has witnessed a marginal surge of 2.94 per cent, signalling a slight uptick in market volatility.

Noteworthy gainers in the sectoral landscape are Nifty IT, Nifty Auto, and Nifty Financial Services, while Nifty Media and Nifty Realty are currently underperforming.

Individual stock performances feature Hero Motocorp, M&M, and Axis Bank as top gainers, whereas ONGC, Nestle India, and Eicher Motors find themselves among the top losers within the Nifty 50.

The broader market sentiment remains positive, as evidenced by 1095 advancing stocks compared to 926 declining stocks, suggesting an optimistic sentiment in the broader market.

Market Update at 12:40 PM: In the present trading session, the Sensex is up by 0.71 per cent, while the Nifty follows suit with a gain of 0.72 per cent. Additionally, Nifty Midcap and Nifty Smallcap are on an upward trajectory, showing gains of 0.78 per cent and 0.63 per cent, respectively.

India VIX has marginally surged by 2.36 per cent, indicating a slight uptick in market volatility.

European markets prepare for a mixed opening on Wednesday. DAX futures lead with a 0.03 per cent gain, while FTSE and CAC futures show negative movement with declines of 0.11 per cent and 0.16 per cent, respectively.

Leading the sectoral gains are Nifty IT, Nifty Auto, and Nifty Financial Services, while Nifty Media and Nifty Realty are currently underperforming.

Top gainers among individual stocks include Hero Motocorp, M&M, and Britannia, while ONGC, Nestle India, and Titan find themselves among the top losers within the Nifty 50.

The broader market sentiment remains positive, with 1131 advancing stocks compared to 886 declining stocks, signalling an optimistic sentiment in the broader market.

Market Update at 11:15 AM: In the ongoing trading session, the Sensex and Nifty are on an upward trajectory, recording gains of 0.58 per cent and 0.59 per cent, respectively. Concurrently, Nifty Midcap and Nifty Smallcap are also showing positive movement, trading higher by 0.77 per cent and 0.57 per cent, respectively.

India VIX has marginally surged by 2.55 per cent, indicating a slight uptick in market volatility.

Noteworthy performers in the sectoral landscape include Nifty IT, Nifty Auto, and Nifty PSU Bank, with Nifty Media being the only major sector currently underperforming.

Top gainers in individual stocks include Hero Motocorp, M&M, and Tech Mahindra, while BPCL, ONGC, and NTPC find themselves among the top losers within the Nifty 50.

The broader market sentiment remains positive, with 1224 advancing stocks compared to 768 declining stocks, signalling an optimistic sentiment in the broader market.

Market Update at 9:35 AM: In the current trading session, the Sensex and Nifty initiated the day with gains, rising by 0.5 per cent and 0.48 per cent, respectively. Simultaneously, Nifty Midcap and Nifty Smallcap exhibited positive trends, opening higher by 0.78 per cent and 0.42 per cent, respectively.

The surge in India VIX by 0.88 per cent indicates an uptick in market volatility.

Noteworthy performers in the sectoral landscape include Nifty IT, Nifty PSU Bank, and Nifty Energy, with no major sectors currently underperforming.

Top gainers in individual stock performances feature Bharti Airtel, Tech Mahindra, and Wipro, while BPCL, Coal India, and Power Grid find themselves among the top losers within the Nifty 50.

Broad market sentiment remains optimistic, with 1352 advancing stocks compared to 535 declining stocks, signaling a positive market sentiment.

Pre-Market Update at 8:20 AM: US Stocks climbed on Tuesday, continuing their upward trend in November, following remarks from a Federal Reserve official that sparked optimism about the central bank potentially avoiding further interest rate hikes.

The Dow Jones Industrial Average increased by 83.51 points, or 0.24 per cent, concluding at 35,416.98. The S&P 500 edged up by 0.10 per cent to 4,554.89, and the technology-focused Nasdaq Composite advanced 0.29 per cent, closing the session at 14,281.76.

The GIFT Nifty suggests a slightly optimistic commencement for the benchmark indices, showcasing a rise of 25 points. GIFT Nifty futures were positioned at 20,010 points, reaching a peak of 20,025 points.

Oil prices experienced a rise of more than 2 per cent on Tuesday, driven by the anticipation that the OPEC+ producer group might intensify and prolong output cuts amid concerns about weakening global demand. OPEC+, a coalition comprising the Organization of the Petroleum Exporting Countries (OPEC) and allied nations such as Russia, is scheduled to conduct an online ministerial meeting on Thursday to deliberate on production targets for 2024.

Brent crude futures saw an increase of USD 2.07, equivalent to 2.59 per cent, reaching USD 82.05 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures recorded a gain of USD 2.03, or 2.71 per cent, settling at USD 76.89. Moreover, the Dollar index showed a 0.06 per cent decline in futures, settling at 102.86, while the value of one dollar remained close to Rs 83.09.

On November 28, 2023, foreign institutional investors (FII) bought shares worth Rs 783.82 crore, while domestic institutional investors (DII) purchased shares worth Rs 1,324.98 crore.

Stocks that are banned for trading in the F&O segment on November 29, 2023, are BALRAMCHIN, BHEL, GRANULES and IBULHSGFIN.