Market update: Nifty Fin Service and IT gain, Realty and Metal struggle!
Sensex is up by 0.30 per cent, hovering around 81,405, and Nifty is up by 0.25 per cent, trading near 24,840.
Market Update at 9:45 AM: On Tuesday, Indian markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty IT led the gains and Nifty Realty was the biggest laggard.
As of now, the Sensex is up by 0.30 per cent, hovering around 81,405, and Nifty is up by 0.25 per cent, trading near 24,840. Similarly, in the broader market, the Nifty Midcap declined about 0.21 per cent to about 57,560, and the Nifty Smallcap is down by 0.82 per cent, trading near 18,640.
India VIX down by 0.29 per cent and is trading at 13.72, indicating a slight fall in market volatility.
Within the sectoral landscape Nifty Fin Service, Nifty IT and Nifty Bank are among the Top Gainers while Nifty Realty, Nifty Metal and Nifty PSU Bank are underperforming.
SHRIRAMFIN, ICICIBANK, and TECHM are among the top gainers within the Nifty 50 while TATACONSUM, TATASTEEL, and M&M are among the Top Losers.
About 675 stocks are advancing as against to 1,585 stocks that are declining, thus indicating a negative sentiment in the broader market.
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Pre-Market Update at 8:00 AM: The Dow Jones and S&P 500 dropped on Monday after hitting record highs last week, as rising Treasury yields and high valuations made investors cautious ahead of major earnings reports.
The S&P 500 is down 10.69 points (0.18 per cent) to 5,853.98, the Nasdaq climbed 50.45 points (0.27 per cent) to 18,540.00, and the Dow declined by 344.31 points (0.80 per cent) to 42,931.60.
The GIFT Nifty is trading slightly positive, indicating a flat or positive start for the day. Nifty futures were trading at 24,755.00.
The U.S. 10-year Treasury yield stands at 4.194 per cent, while the 2-year bond yield at 4.024 per cent.
Oil prices dropped on Tuesday, trimming the previous day's 2 per cent gain, as U.S. diplomatic efforts in the Middle East and weak demand in China weighed on the market.
Brent crude fell 0.3 per cent to $74.03, while WTI December futures slipped 0.3 per cent to $69.81.
On October 21 2024, foreign institutional investors (FII) sold shares worth Rs 2,261 crore, while domestic institutional investors (DII) bought shares worth Rs 3,225 crore.
Stocks that are banned for trading in the F&O segment on October 22, 2024, are AARTIIND, BANDHANBNK, BSOFT, CHAMBLFERT, GNFC, GRANULES, HINDCOPPER, IDFCFIRSTB, IEX, INDIAMART, LTF, MANAPPURAM, PEL, PNB, RBLBANK, SAIL.
Disclaimer: The article is for informational purposes only and not investment advice.