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

On July 18, foreign institutional investors (FII) bought shares worth Rs 2,115.84 crore, while domestic institutional investors (DII) sold shares worth Rs 1,317.56 crore.

Market Update at 3:55 PM: Sensex closes higher by 0.45 per cent reaching its new all-time high level of 67,171. Similarly, Nifty also reached its new all-time high level of 19,851 after surging by 0.42 per cent.

Nifty Midcap and Nifty Smallcap close higher by 0.68 per cent and 0.78 per cent respectively.

India VIX has plunged by 0.94 per cent.

Nifty Media, Nifty Energy and Nifty PSU Bank were among the top gainers while Nifty IT was the top loser.

NTPC, Indusind Bank and Bajaj Finance were among the top gainers while Hindalco, TCS and Bajaj Auto were among the top losers from the Nifty 50.

About 695 stocks were advancing as against to 1221 stocks that were declining, thus indicating a negative sentiment in the broader market.

Market update at 12:50 PM: Sensex and Nifty trade higher by 0.12 per cent each.

Nifty Midcap and Nifty Smallcap trade higher by 0.44 per cent and 0.63 per cent respectively.

European stocks are heading for a higher opening on Wednesday, after UK Inflation came in cooler than expected.

India VIX has surged by 0.85 per cent.

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

NTPC, Indusind Bank and Bajaj Finance are among the top gainers while Hindalco, Hindustan Unilever and ITC are among the top losers from the Nifty 50.

About 1223 stocks are advancing as against to 619 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market update at 11:05 AM: Sensex and Nifty trade marginally higher by 0.03 per cent each.

Nifty Midcap and Nifty Smallcap trade higher by 0.17 per cent and 0.7 per cent respectively.

India VIX has surged by 1.11 per cent.

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

NTPC, Indusind Bank and Power Grid are among the top gainers while Hindalco, LTIMindtree and Hero Motocorp are among the top losers from the Nifty 50.

About 1189 stocks are advancing as against to 712 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:30 AM:  Sensex opens above 67,000 level with 0.41 per cent gain while Nifty opens above 19,800 level after surging by more than 0.38 per cent.

Nifty Midcap and Nifty Smallcap open on a higher note by 0.27 per cent and 0.54 per cent respectively.

India VIX has surged by 0.94 per cent.

Nifty Media, Nifty Energy and Nifty IT are among the top gainers while Nifty Auto is the top losing sector as of now.

NTPC, Indusind Bank and Infosys are among the top gainers while Hero Motocorp, Maruti and HDFC Life are among the top losers from the Nifty 50.

About 1384 stocks are advancing as against to 451 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:00 AM: US stocks rose on Tuesday, fuelled by strong bank earnings. Morgan Stanley shares surged 6.45 per cent and Bank of America gained 4.42 per cent as both exceeded expectations. Other banks, including Bank of New York Mellon and PNC Financial, also reported positive results. The S&P 500 banks index closed 1.90 per cent higher, reaching its highest level since March.

Oil prices climbed on Wednesday due to several factors including China's commitment to economic growth, reduced supply from Russia, and lower U.S. crude oil inventories. Brent futures increased by 9 cents, reaching USD 79.72 per barrel.

On Wednesday, the GIFT Nifty suggests a neutral opening for the Benchmark indices, with a slight increase of 4.5 points. The futures are currently at 19,808.

On July 18, foreign institutional investors (FII) bought shares worth Rs 2,115.84 crore, while domestic institutional investors (DII) sold shares worth Rs 1,317.56 crore.

Stocks that are banned for trading in the F&O segment on July 19, 2023, are Delta Corp, Indiabulls Housing Finance, RBL Bank and Manappuram.