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

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

Siddharth Mane
/ Categories: Trending, Mkt Commentary

In Tuesday's trading session, benchmark indices concluded the day on a positive trajectory, with the Sensex marking a 0.63 per cent increase and reaching its all-time high at 69,381.31. Similarly, the Nifty closed 0.81 per cent higher, achieving its all-time high at 20,864.05.

Market Update at 3:50 PM: In Tuesday's trading session, benchmark indices concluded the day on a positive trajectory, with the Sensex marking a 0.63 per cent increase and reaching its all-time high at 69,381.31. Similarly, the Nifty closed 0.81 per cent higher, achieving its all-time high at 20,864.05. Broader indices also ended positively, with Nifty Midcap recording a 0.47 per cent increase and Nifty Smallcap closing 0.11 per cent higher.

Market volatility, as denoted by India VIX, witnessed a notable surge of 4.93 per cent, indicating an uptick in market volatility.

Top gainers encompassed Nifty Energy, Nifty Metal, and Nifty PSU Bank, while underperformers included Nifty Media, Nifty IT, and Nifty Realty.

Among individual stocks, Adani Enterprises, Adani Ports, and Power Grid emerged as the top gainers, whereas LTIMindtree, HCL Technologies, and Divi’s Laboratories found themselves among the top losers in the Nifty 50.

In a broader market context, about 934 stocks are advancing compared to 1112 stocks in decline, reflecting an overall positive sentiment.

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Market Update at 2:35 PM: In the ongoing trading session the Sensex trades higher by 0.5 per cent, while Nifty trades higher by 0.65 per cent. Nifty Midcap trades higher by 0.34 per cent, while Nifty Smallcap trades marginally higher by 0.12 per cent.

India VIX has surged by 3.93 per cent, indicating an increase in market volatility.

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

Adani Enterprises, Adani Ports and Power Grid are among the top gainers while LTIMindtree, HCL Technologies and Hindustan Unilever are among the top losing stocks from the Nifty 50.

About 878 stocks are advancing as against to 1162 stocks that are declining, thus indicating a negative sentiment in the broader market.

 

Market Update at 12:50 PM: In the current trading session the Sensex trades higher by 0.51 per cent, while Nifty trades higher by 0.56 per cent. Contrarily Nifty Midcap trades marginally lower by 0.02 per cent, while Nifty Smallcap trades lower by 0.12 per cent.

India VIX has surged by 5.52 per cent, indicating an increase in market volatility.

European markets are heading for a mixed open on Tuesday as investors continue to assess the outlook for Central Bank Interest rate cuts. European futures, DAX, CAC and FTSE trade lower by 0.09 per cent, 0.08 per cent and 0.13 per cent respectively.

Nifty Energy, Nifty Metal and Nifty Bank are among the top gainers while, Nifty Media, Nifty IT and Nifty Realty are among the top losing sectors.

Adani Enterprises, Adani Ports and ICICI Bank are among the top gainers while HCL Technologies, Divi’s Laboratories and LTI Mindtree are among the top losing stocks from the Nifty 50.

About 878 stocks are advancing as against to 1172 stocks that are declining, thus indicating a negative sentiment in the broader market.

 

Market Update at 11:15 AM: In the ongoing trading session, the Sensex has recorded a 0.49 per cent uptick, while the Nifty is trading higher by 0.59 per cent. Concurrently, Nifty Midcap has gained 0.33 per cent, and Nifty Smallcap is up by 0.15 per cent.

Market volatility, as indicated by the India VIX, has experienced a notable surge of 5.45 per cent, signalling an increase in market volatility.

Notable gainers include Nifty Metal, Nifty Energy, and Nifty PSU Bank, while Nifty IT, Nifty Media, and Nifty Realty emerge as the top losing sectors.

Leading the gainers among individual stocks are Adani Enterprises, Adani Ports, and SBI, while HCL Technologies, Divi’s Laboratories, and Bajaj Auto are prominent among the top losers in the Nifty 50.

A broader market perspective reveals that 1160 stocks are advancing, surpassing the 859 stocks in decline, indicating an overall positive sentiment.

 

Market Update at 9:45 AM: On Tuesday, the Sensex initiated trading with a 0.34 per cent increase, reaching its unprecedented high at 69,306.97. Simultaneously, the Nifty marked a notable 0.37 per cent surge, hitting its all-time high at 20,813.10. Additionally, Nifty Midcap and Nifty Smallcap displayed positive openings, rising by 0.46 per cent and 0.6 per cent, respectively.

Market volatility, as indicated by the India VIX, has seen a decline of 2.06 per cent, signaling an uptick in market volatility.

Noteworthy gainers include Nifty PSU Bank, Nifty Metal, and Nifty Energy, while Nifty IT stands as the only major underperforming sector.

Top performers among individual stocks include Adani Enterprises, Adani Ports, and M&M, whereas HCL Technologies, Infosys, and Bajaj Auto find themselves among the top losers in the Nifty 50.

A broader market analysis reveals that 1355 stocks are advancing, outnumbering the 566 declining stocks, indicating a prevailing positive sentiment.

 

Pre-Market Update at 8:15 AM: On Monday, the market soared to unprecedented levels, witnessing equity benchmarks surge by more than 2 per cent on December 4. Investors enthusiastically celebrated the BJP's triumph in three state elections, interpreting it as an indicator of sustained political stability.

At the closing bell, the Sensex recorded a remarkable gain of 1,383.93 points, marking a 2.05 per cent increase to reach 68,865.12. Simultaneously, the Nifty surged by 418.9 points, reflecting a 2.07 per cent rise, closing at a new high for the second consecutive session at 20,686.80.

The GIFT Nifty trends suggest a start that is flat to negative for the benchmark indices in India, showing a decrease of 23 points or 0.11 per cent. Nifty futures were observed trading around the 20,837.50 level.

U.S. stocks concluded with losses on Monday, disrupting the positive momentum from the previous week, as investors adopted a cautious stance in anticipation of employment data scheduled for release this week. This data holds the potential to reshape expectations regarding the Federal Reserve's decision to initiate interest rate cuts early next year.

The S&P 500 recorded a decline of 0.54 per cent, closing the session at 4,569.78 points. Similarly, the Nasdaq experienced a 0.84 per cent drop to reach 14,185.49 points, and the Dow Jones Industrial Average decreased by 0.11 per cent, concluding at 36,204.44 points.

On Monday, oil prices experienced a decline amid concerns regarding a reduction in demand and lingering uncertainty surrounding the extent and duration of OPEC+ supply cuts.

Brent crude futures concluded the session with a decrease of 85 cents, equivalent to 1.08 per cent, settling at USD 78.03 per barrel. Meanwhile, US West Texas Intermediate crude futures registered a decline of USD 1.03, or 1.39 per cent, closing at USD 73.04.

This descent follows a 2 per cent drop the previous week following the supply cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+. Additionally, the dollar index rose by 0.54 per cent to 103.67.

On December 04, 2023, foreign institutional investors (FII) bought shares worth Rs 2,073.21 crore, while domestic institutional investors (DII) purchased shares worth Rs 4,797.15 crore.

Stocks that are banned for trading in the F&O segment on December 05, 2023, is DELTACORP, IBULHSGFIN, INDIACEM and ZEEL.

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