Frontline indices and broader indices plunge with Nifty PSU Bank among the top losers!

Frontline indices and broader indices plunge with Nifty PSU Bank among the top losers!

Siddharth Mane
/ Categories: Trending, Mkt Commentary

Foreign institutional investors (FII) bought shares worth Rs 4,013.10 crore, while domestic institutional investors (DII) bought shares worth Rs 550.36 crore on June 21.

Market Update at 4:25 PM: Sensex and Nifty end lower by 0.45 per cent each.

Nifty Midcap and Nifty Smallcap plunge by 1.06 per cent and 0.76 per cent respectively.

India VIX has surged by 2.21 per cent.

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

Divi’s Laboratories, L&T and HDFC were among the top gainers while Tata Steel, Tata Consumer Product and Bajaj Finance were among the top losers from the Nifty 50.

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Market Update at 12:35 PM: Sensex trades lower by 0.18 per cent while Nifty trades lower by 0.16 per cent.

Nifty Midcap and Nifty Smallcap trades lower by 0.84 per cent and 0.47 per cent respectively.

India VIX has surged by 1.95 per cent.

Nifty Financial Services is among the top gainers and Nifty Bank trades flat while Nifty PSU Bank, Nifty Energy and Nifty Realty are among the top losers.

Hero Motocorp, ICICI Bank and Divi’s Laboratories are among the top gainers while Tata Steel, NTPC and Bajaj Finance are among the top losers from the Nifty 50.

About 619 stocks are advancing as against to 1313 stocks that are declining. Thus, indicating a negative sentiment in the broader market.

 

Market Update at 10:55 AM: Sensex trades flat while Nifty trades marginally higher.

Nifty Midcap trades lower by 0.12 per cent while Nifty Smallcap trade higher by 0.22 per cent.

India VIX has surged by 1.68 per cent.

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

Eicher Motors, HDFC Life and Divi’s Laboratories are among the top gainers while Tata Steel, Infosys and Bajaj Finance are among the top losers.

About 1034 stocks are advancing as against to 888 stocks that are declining. Thus, indicating a positive sentiment in the broader market.

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Market Update at 9:30 AM: Sensex opens higher by 0.01 per cent above 63,500 level while Nifty opens higher by 0.09 per cent above 18,800 level.

Nifty Midcap opens higher by 0.02 per cent while Nifty Smallcap opens higher by 0.49 per cent.

India VIX has surged by 0.80 per cent.

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

HDFC Life, Hindalco and ICICI Bank are among the top gainers while Tata Steel, Infosys and Power Grid are among the top losers.

About 1191 stocks are advancing as against to 612 stocks that are declining. Thus, indicating a positive sentiment in the broader market.

 

Pre-Market Update at 8:15 AM: Following three consecutive days of decline and the fading of the tech-powered rally, US stock futures remained relatively unchanged in overnight trading on Wednesday. Dow Jones Industrial Average futures showed a slight increase of 23 points. S&P 500 futures inched up by 0.05 per cent, while Nasdaq 100 futures saw minimal change.

On Wednesday, there was an increase of one dollar per barrel in oil prices. Brent futures saw a rise of $1.22, equivalent to 1.6 per cent, settling at $77.12 per barrel. In futures trading, the Dollar index experienced a marginal decrease of 0.02 per cent, reaching 102.07. Simultaneously, the value of one dollar remained close to Rs 81.94.

Foreign institutional investors (FII) bought shares worth Rs 4,013.10 crore, while domestic institutional investors (DII) bought shares worth Rs 550.36 crore on June 21.

On Wednesday, BSE Sensex reached its all-time high level of 63,588.

On Thursday, the market is expected to open slightly lower based on the SGX Nifty, which indicates a negative start for the benchmark indices. The SGX futures started the session at 18,875 points and reached a high of 18,915 in early trade on June 22.

Stocks that banned for trading in the F&O segment on June 22, 2023, are BHEL, Delta Corp, HAL, Hindcopper, L&T Finance Holdings and PNB.

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