Benchmark indices closed on a positive note, while Broader indices outperformed!

Thursday’s trading session witnessed a strong uptrend in benchmark indices, with the Sensex surging by 0.13 per cent and the Nifty closing 0.18 per cent higher.

Market Update at 3:40 PM: Thursday’s trading session witnessed a strong uptrend in benchmark indices, with the Sensex surging by 0.13 per cent and the Nifty closing 0.18 per cent higher. The positive momentum extended to broader indices, with Nifty Midcap recording a gain of 0.68 per cent and Nifty Smallcap closing higher by 1.14 per cent.

Market volatility, reflected by the India VIX, experienced a marginal decline of 1.06 per cent, signalling a decrease in market uncertainty.

Among the sectors, Nifty Realty, Nifty Pharma, and Nifty FMCG emerged as top gainers, while Nifty PSU Bank, Nifty Bank and Nifty IT faced losses.

Individual stock performances highlighted Ultratech Cement, HDFC Life, and Eicher Motors as the top gainers, whereas Adani Enterprises, Indusind Bank, and Adani Ports found themselves among the top losers within the Nifty 50.

The broader market sentiment remains positive, with 1038 advancing stocks compared to 995 declining stocks, indicating an optimistic outlook in the broader market.

Market Update at 2:25 PM: In the ongoing trading session, the Sensex is experiencing a 0.18 per cent decline, while the Nifty is experiencing a modest dip of 0.12 per cent. On the flip side, Nifty Midcap and Nifty Smallcap are displaying resilience with gains of 0.49 per cent and 0.83 per cent, respectively.

India VIX has seen a marginal uptick of 1.61 per cent, signalling a rise in market volatility.

Noteworthy performances in the sectoral landscape include Nifty Realty, Nifty Pharma, and Nifty Auto emerging as the top gainers, whereas Nifty PSU Bank, Nifty Energy, and Nifty Bank are currently lagging.

Among individual stocks, Ultratech Cement, SBI Life, and Hero Motocorp are leading the gainers, while Adani Enterprises, Indusind Bank, and Coal India are prominent among the top losers within the Nifty 50.

The broader market sentiment reflects mixed signals, with 1022 advancing stocks compared to 1011 declining ones, indicating a neutral sentiment in the broader market.

Market Update at 12:45 PM: In the current trading session, the Sensex is experiencing a 0.24 per cent decrease, while the Nifty is experiencing a marginal dip of 0.18 per cent. Contrarily, Nifty Midcap and Nifty Smallcap are showing resilience with gains of 0.26 per cent and 0.65 per cent, respectively.

India VIX has seen a marginal surge of 3.93 per cent, indicating an uptick in market volatility.

European markets are poised for a positive opening on Thursday, with DAX, FTSE, and CAC futures trading higher by 0.24 per cent, 0.25 per cent, and 0.20 per cent, respectively as investors are closely monitoring the release of preliminary Euro Zone inflation data for November.

In the sectoral landscape, Nifty Pharma, Nifty Media, and Nifty FMCG are emerging as the top gainers, while Nifty PSU Bank, Nifty Energy, and Nifty Bank are currently lagging.

Among individual stocks, SBI Life, Hero Motocorp, and Divi’s Laboratories are leading the gainers, while Adani Enterprises, Tata Motors, and Coal India are prominent among the top losers within the Nifty 50.

The broader market sentiment reflects mixed signals, with 986 advancing stocks compared to 1033 declining ones, indicating a nuanced and slightly negative sentiment in the broader market.

Market Update at 11:10 AM: In the ongoing trading session, the Sensex is experiencing a slight dip of 0.16 per cent, while the Nifty is marginally lower by 0.07 per cent. Contrarily, Nifty Midcap and Nifty Smallcap are displaying positive movements with gains of 0.26 per cent and 0.51 per cent, respectively.

India VIX has witnessed a marginal surge of 3.42 per cent, signalling an uptick in market volatility.

Notable performances in sectors include Nifty Pharma, Nifty Media, and Nifty IT emerging as top gainers, while Nifty Bank, Nifty Energy, and Nifty Realty are currently lagging.

Top gainers among individual stocks are Hero Motocorp, BPCL, and Eicher Motors, while Bajaj Finance and Nestle India are among the leading losers within the Nifty 50.

The broader market sentiment reflects mixed trends, with 961 advancing stocks against 1032 declining ones, indicating a nuanced and negative sentiment in the broader market.

Market Update at 9:35 AM: In Thursday's trading session, the Sensex and Nifty initiated with marginal upticks of 0.06 percent and 0.1 percent, respectively. Meanwhile, Nifty Midcap and Nifty Smallcap exhibited stronger opening gains of 0.11 percent and 0.45 percent, respectively.

India VIX witnessed a decline of 2.01 percent, signifying a reduction in market volatility.

Noteworthy performances in sectors were observed, with Nifty Pharma, Nifty Media, and Nifty PSU Bank leading the gainers, while Nifty Energy, Nifty Realty, and Nifty Metal faced early losses.

Top gainers in individual stocks included Hero Motocorp, Ultratech Cement, and BPCL, while Adani Enterprises, Hindalco, and Tata Motors saw declines within the Nifty 50.

The broader market displayed an optimistic tone, with 1165 advancing stocks compared to 718 declining ones, signalling a positive sentiment among investors.

Pre-Market Update at 8:20 AM: US stock futures inched higher on Wednesday night as all three major stock indices geared up to conclude a successful November. Futures linked to the Dow Jones Industrial Average rose by 0.25 per cent. S&P 500 and Nasdaq 100 futures gained 0.07 per cent and 0.16 per cent, respectively.

Although the 30-stock Dow and the S&P 500 closed Wednesday’s trading session near the flatline, they are only approximately 0.5 per cent and 0.8 per cent away from their year-to-date closing highs. The tech-heavy Nasdaq Composite slipped 0.16 per cent during the day but is also roughly 0.7 per cent away from its 2023 closing high.

The major averages are set to conclude November with substantial gains, putting an end to a three-month losing streak for the indexes. The S&P 500 has surged 8.5 per cent in November, while the Nasdaq has seen an almost 11 per cent increase. Both averages are on track for their best monthly performance since July 2022. The Dow has risen 7.2 per cent in November, marking its best month since October 2022.

The GIFT Nifty points towards a modestly optimistic commencement for the benchmark indices, showcasing a gain of 10 points. GIFT Nifty futures positioned themselves at 20,105 points after reaching a peak of 20,160 points.

Oil prices climbed on Wednesday as investors shifted their focus to an OPEC+ meeting determining output policy, while a storm in the Black Sea causing supply disruptions and diminished U.S. inventories fuelled buying.

Brent crude futures gained 97 cents, or 1.19 per cent, reaching USD 82.65 per barrel. US West Texas Intermediate, or WTI, crude futures increased by USD 1.12, or 1.47 per cent, settling at USD 77.53 per barrel. The Dollar index saw a slight 0.01 per cent decrease in futures, closing at 102.73, while the value of one dollar remained close to Rs 83.09.

On November 29, 2023, foreign institutional investors (FII) bought shares worth Rs 71.91 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,360.81 crore.

Stocks that are banned for trading in the F&O segment on November 30, 2023, are HINDCOPPER and MANAPPURAM.