Market Wrap: Benchmark indices close after making new all-time highs!

On Tuesday’s trading session Benchmark indices concluded the day on a positive note with Sensex closing moderately higher by 0.17 per cent after making a new all-time high of 71,623.71, while Nifty surged by 0.13 per cent after making a new all-time high of 21,505.05.

Market Update at 3:35 PM: On Tuesday’s trading session Benchmark indices concluded the day on a positive note with Sensex closing moderately higher by 0.17 per cent after making a new all-time high of 71,623.71, while Nifty surged by 0.13 per cent after making a new all-time high of 21,505.05. Whereas Broader indices closed on a lower note with Nifty Midcap plunging by 0.35 per cent, while Nifty Smallcap declined marginally by 0.03 per cent.

Market volatility, as indicated by India VIX, has marginally declined by 0.27 per cent, reflecting a slight decrease in market volatility.

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

Coal India, Nestle India and NTPC were among the top gainers while Adani Ports, Hero Motocorp and SBI Life were among the top losing stocks from the Nifty 50.

About 963 stocks were advancing as against to 1084 stocks that were declining, thus indicating a pessimistic sentiment in the broader market.

Market Update at 2:20 PM: In the current trading session the Sensex trades higher by 0.31 per cent, while Nifty has surged by 0.27 per cent. Whereas, Nifty Midcap has plunged by 0.12 per cent, while Nifty Smallcap has marginally declined by 0.02 per cent.

India VIX has marginally increased by 0.63 per cent, indicating a slight increase in market volatility.

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

Nestle India, Tata Consumer and NTPC are among the top gainers while SBI Life, Hero Motocorp and Wipro are among the top losing stocks from the Nifty 50.

About 1108 stocks are advancing as against to 927 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:40 PM: In the current trading session the Sensex trades higher by 0.24 per cent, while Nifty has surged by 0.18 per cent. Similarly, Nifty Midcap has plunged by 0.21 per cent, while Nifty Smallcap has plummeted by 0.13 per cent.

India VIX has marginally decreased by 0.14 per cent, indicating a slight decrease in market volatility.

European markets are set to open higher on Tuesday rebounding slightly from lacklustre trade in the previous trading session. European futures, DAX, CAC and FTSE trade higher by 0.1 per cent, 0.03 per cent and 0.01 per cent, respectively.

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

Nestle India, NTPC and Tata Consumer are among the top gainers while Wipro, HCL Technologies and Hero Motocorp are among the top losing stocks from the Nifty 50.

About 983 stocks are advancing as against to 1051 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:20 AM: In the current trading session the Sensex trades marginally lower by 0.08 per cent, while Nifty has marginally declined by 0.12 per cent. Similarly, Nifty Midcap has plunged by 0.41 per cent, while Nifty Smallcap has plummeted by 0.33 per cent.

India VIX has marginally decreased by 1.42 per cent, indicating a slight decrease in market volatility.

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

Nestle India, Tata Consumer and Coal India are among the top gainers while Wipro, Adani Ports and Hindalco are among the top losing stocks from the Nifty 50.

About 983 stocks are advancing as against to 1051 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:40 AM: On Tuesday, Indian markets initiated the trading session on a negative note with the Sensex opening marginally lower by 0.13 per cent, while Nifty also opening marginally lower by 0.14 per cent. Similarly, Nifty Midcap opened on a lower note declining by 0.21 per cent, while Nifty Smallcap opened higher by 0.04 per cent.

India VIX has marginally declined by 0.23 per cent, indicating a slight decrease in market volatility.

Nifty FMCG, Nifty Energy and Nifty Pharma are among the top gaining sectors while Nifty Media, Nifty IT and Nifty Auto are among the top losers.

Apollo Hospitals, Tata Consumer and Nestle India are among the top gainers while Hero Motocorp, TCS and Adani Enterprises are among the top losing stocks from the Nifty 50.

About 1162 stocks are advancing as against to 735 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:00 AM: On Monday, US stocks advanced as investors assessed rising expectations of Federal Reserve interest rate cuts in the upcoming year and anticipated crucial economic data releases. The S&P 500 and the Nasdaq experienced a broad yet modest rally, resulting in substantial gains, while the Dow concluded the day with marginal changes.

Wall Street is building on a seven-week winning streak, marking the S&P 500's lengthiest weekly run since 2017. Currently, the S&P 500 is approximately 1.2 per cent away from its record closing high, fuelled by growing optimism about potential policy rate cuts in 2024—a sentiment that Federal Reserve policymakers sought to temper on Monday.

The Dow Jones Industrial Average maintained stability at 37,306.02, the S&P 500 saw a gain of 21.37 points or 0.45 per cent, closing at 4,740.56, and the Nasdaq Composite added 90.89 points or 0.61 per cent, reaching 14,904.81.

GIFT Nifty trends suggest a flat-to-negative opening for the benchmark indices in India, reflecting a decline of 15.50 points or 0.07 per cent. Nifty futures are currently trading around the 21,468.50 level.

On Monday, oil prices surged by almost 2 per cent as concerns grew over potential disruptions to maritime trade and increased supply costs following an attack by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea.

A Norwegian-owned vessel was targeted in the Red Sea, prompting major oil company BP to temporarily halt all transit through the region. Other shipping companies also announced their decision to avoid the route over the weekend.

Brent crude futures concluded with a gain of USD 1.40, or 1.8 per cent, reaching USD 77.95 per barrel, while U.S. West Texas Intermediate crude rose by USD 1.04, or 1.5 per cent, settling at USD 72.47. Both benchmarks had experienced an earlier increase of nearly USD 3 in the session.

On December 18, 2023, foreign institutional investors (FII) bought shares worth Rs 33.51 crore, while domestic institutional investors (DII) offloaded shares worth Rs 413.88 crore.

Stocks that are banned for trading in the F&O segment on December 19, 2023, are BALRAMCHIN, HINDCOPPER, INDIACEM, MANAPPURAM, NATIONALUM, SAIL and ZEEL.