Benchmark indices conclude the day with modest gains, while Nifty FMCG outperforms!

On Wednesday, both the Sensex and Nifty have closed the day with modest increases, with gains of 0.15 per cent and 0.22 per cent, respectively.

Market Update at 3:40 PM: On Wednesday, both the Sensex and Nifty have closed the day with modest increases, with gains of 0.15 per cent and 0.22 per cent, respectively. Additionally, the Nifty Midcap saw a slight uptick of 0.08 per cent, while the Nifty Smallcap also closed higher, posting a gain of 0.15 per cent.

On the volatility front, the India VIX has experienced a significant drop of 2.22 per cent, indicating reduced market volatility.

Among the sectors, Nifty FMCG, Nifty Pharma, and Nifty Energy were the standout performers, while Nifty PSU Bank, Nifty Realty, and Nifty Metal faced losses.

Taking a closer look at individual stocks within the Nifty 50, Tata Consumer Product, Divi’s Laboratories, and Bharti Airtel emerged as the top gainers, whereas Axis Bank, Hindalco, and Tata Steel were among the top losers.

In terms of market sentiment, approximately 998 stocks advanced, while 1002 stocks declined, suggesting a relatively neutral sentiment prevailing in the broader market.

Market Update at 2:15 PM: In the current trading session, both the Sensex and Nifty are showing a slight downturn, with decreases of 0.36 per cent and 0.35 per cent, respectively. Additionally, the Nifty Midcap is down by 0.12 per cent, while the Nifty Smallcap has experienced a 0.16 per cent decline.

In terms of market volatility, the India VIX has increased by 0.28 per cent, suggesting a rise in overall market uncertainty.

Despite the general downtrend, there are notable gainers in specific sectors. Nifty Pharma, Nifty Media, and Nifty FMCG are among the top performers, while Nifty Metal, Nifty Realty, and Nifty PSU Bank are facing losses.

When we examine individual stocks within the Nifty 50, Divi’s Laboratories, HDFC Bank, and Bharti Airtel are among the leading gainers, whereas Hindalco, Grasim, and Tata Steel are among the top losers.

As for market sentiment, about 888 stocks are advancing, while 1125 stocks are declining, reflecting a mild negative sentiment prevailing in the broader market.

Market Update at 12:40 PM: In the current market session, both the Sensex and Nifty are trading lower, with declines of 0.31 per cent and 0.3 per cent, respectively. The Nifty Midcap has also experienced a marginal drop of 0.11 per cent, while the Nifty Smallcap trades marginally lower by 0.05 per cent.

Looking at the global perspective, European markets are expected to open on a lower note, with futures for DAX, CAC, and FTSE trading down by 0.37 per cent, 0.59 per cent, and 0.41 per cent, respectively.

Within the Indian market, the India VIX has seen a decline of 1.57 per cent. Notable gainers include Nifty Pharma, Nifty Media, and Nifty FMCG, while Nifty Metal, Nifty Realty, and Nifty PSU Bank are among the top losers.

Delving into specific stocks, Divi’s Laboratories, Cipla, and Sun Pharma are among the top gainers within the Nifty 50, while Hindalco, Jio Financial Services, and Tata Steel are experiencing losses.

In terms of market sentiment, approximately 971 stocks are advancing, slightly outnumbered by 1006 stocks that are declining. This suggests a mild negative sentiment prevailing in the broader market.

Market Update at 11:15 AM: The Indian stock market is experiencing a mixed trend, with the Sensex down by a slight 0.05 per cent and the Nifty marginally lower by 0.02 per cent. However, the Nifty Midcap is showing strength with a gain of 0.25 per cent, while the Nifty Smallcap is substantially higher, up by 0.38 per cent.

Market volatility, as indicated by the India VIX, has seen a modest uptick of 0.18 per cent.

Leading the gainers are Nifty Pharma, Nifty Media, and Nifty FMCG, while Nifty Metal, Nifty Realty, and Nifty IT are among the top losers.

In terms of individual stocks in the Nifty 50 index, Divi’s Laboratories, Cipla, and Sun Pharma are among the top gainers, while Hindalco, NTPC, and Tata Steel are experiencing declines.

The broader market sentiment remains positive, with 1179 stocks advancing compared to 794 stocks declining, suggesting a generally favorable outlook.

Market Update at 9:30 AM: In the opening moments of trading, Indian equity markets are off to a flat start, with the Sensex and Nifty trading flat. The Nifty Midcap has started marginally lower by 0.1 percent, while the Nifty Smallcap has opened on a positive note with a 0.2 percent gain.

The India VIX is currently trading flat, indicating relatively stable market volatility.

Leading the gainers are Nifty Pharma, Nifty Energy, and Nifty FMCG, while Nifty Metal, Nifty Media, and Nifty PSU Bank are among the top gainers.

In terms of individual stocks in the Nifty 50 index, ONGC, Cipla, and HDFC Life are experiencing gains, whereas Jio Financial Services, Hindalco, and Indusind Bank are among the top losers.

The broader market sentiment remains favorable, with 1095 stocks advancing compared to 728 stocks declining, highlighting a  positive outlook.

Pre-Market Update at 8:15 AM: On Tuesday US markets had a negative trading session on Wall Street, which marked the start of a shortened trading week due to the holiday. The Dow Jones Industrial Average concluded the session with a nearly 0.6 per cent decrease, equivalent to around 200 points. Similarly, the S&P 500 and Nasdaq Composite experienced declines of 0.4 per cent and nearly 0.1 per cent, respectively.

Oil prices surged 2 per cent on Tuesday, hitting their highest levels since November. Saudi Arabia and Russia's decision to extend supply cuts for another three months raised concerns about winter demand shortages. Brent crude futures rose by USD 2.08 to USD 91.08 a barrel, while the Dollar index gained 0.46 per cent in futures trading, reaching 104.72, with the dollar's value around Rs 83.05.

The GIFT Nifty suggests a slightly negative opening for the Benchmark indices with a small decline of 7 points. GIFT Nifty futures reached 19,667 points after reaching a peak of 19,679 points.

On September 5, foreign institutional investors (FII) offloaded shares worth Rs 1,725.11 crore, while domestic institutional investors (DII) purchased shares worth Rs 1,077.86 crore.

Stocks that are banned for trading in the F&O segment on September 06, 2023, are Balrampur Chini Mills, BHEL, Delta Corp, Hind Copper, Indiabulls Housing Finance and India Cements.