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

On Monday, Frontline indices concluded the day on a positive note after reaching new all-time highs.

Market Update at 3:45 PM: On Monday, Frontline indices concluded the day on a positive note after reaching new all-time highs. Sensex closed substantially higher by 1.05 per cent making a new all-time high of 73,402.16 level, while Nifty also reached its all-time high level of 22,115.55 after surging over 0.93 per cent. Similarly Broader indices closed moderately higher with Nifty Midcap surging by 0.67 per cent, while Nifty Smallcap soared by 0.41 per cent.

Market volatility, as indicated by India VIX, has surged by 5.23 per cent, reflecting an increase in market volatility.

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

Wipro, ONGC and HCL Technologies were among the top gainers while HDFC Life, Bajaj Finance and Hindalco were among the top losing stocks from the Nifty 50.

About 1233 stocks were advancing as against to 1011 stocks that were declining, thus indicating an optimistic sentiment in the broader market.

Market Update at 2:10 PM: In the current trading session benchmark indices trade on a higher note with the Sensex substantially surging by 0.95 per cent, whereas Nifty also soared by 0.86 per cent. Whereas, Nifty Midcap has surged by 0.8 per cent, while Nifty Smallcap trades moderately higher by 0.46 per cent

India VIX is currently trading higher by 4.64 per cent, indicating an increase in market volatility.

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

Wipro, ONGC and HCL Technologies are among the top gainers while HDFC Life, Bajaj Finance and Hindalco are among the top losing stocks from the Nifty 50.

About 1268 stocks are advancing as against to 977 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:35 PM: In the current trading session benchmark indices trade higher with the Sensex surging by 0.82 per cent, while Nifty also soared by 0.72 per cent. Similarly, in the broader indices Nifty Midcap has surged by 0.77 per cent, while Nifty Smallcap is also experiencing a moderate gain of 0.43 per cent.

India VIX is currently trading marginally higher by 4.33 per cent, indicating a slight increase in market volatility.

European markets are expected to open higher on Monday as investors in the region gear up for the world economic forum in Davos, Switzerland. European futures DAX, CAC and FTSE trade higher by 0.48 per cent, 0.28 per cent and 0.19 per cent respectively.

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

Wipro, ONGC and HCL Technologies are among the top gainers while HDFC Life, Bajaj Finance and Tata Consumer Product are among the top losing stocks from the Nifty 50.

About 1250 stocks are advancing as against to 987 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:15 AM: In the current trading session benchmark indices trade on a positive note with the Sensex trading substantially higher by 0.78 per cent, while Nifty also trades significantly higher by 0.66 per cent. Similarly, Nifty Midcap has moderately surged by 0.48 per cent, while Nifty Smallcap has also moderately surged by 0.25 per cent.

India VIX is currently trading marginally higher by 4.10 per cent, indicating a slight increase in market volatility.

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

Wipro, ONGC and HCL Technologies are among the top gainers while, HDFC Life, Tata Consumer and Hindalco are among the top losing stocks from the Nifty 50.

About 1194 stocks are advancing as against to 1025 stocks that are declining, thus indicating a slight positive sentiment in the broader market.

Market Update at 9:30 AM: On Monday, Indian markets initiated the trading week on a positive note with the Sensex opening substantially higher by 0.89 per cent making an all-time high of 73,235.81, while Nifty also opened significantly higher by 0.81 per cent reaching its all-time high of 22,076.25. Similarly Nifty Midcap opened higher by 0.56 per cent, while Nifty Smallcap also opened moderately higher by 0.69 per cent.

India VIX has marginally surged by 4.90 per cent, indicating a slight increase in market volatility.

Nifty IT, Nifty PSU Bank and Nifty Realty are among the top gainers while currently there are no major sectors which are underperforming.

Wipro, Tech Mahindra and HCL Technologies are among the top gainers while HDFC Life, Eicher Motors and Bajaj Finance are among the top losing stocks from the Nifty 50.

About 1595 stocks are advancing as against to 510 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:25 AM: On Friday, the Dow Jones Industrial Average dipped as traders examined the initial set of fourth-quarter earnings and absorbed the second of two closely monitored inflation reports for the week. The 30-stock Dow concluded the day with a loss of 118.04 points, or 0.31 per cent, closing at 37,592.98. The S&P 500 finished slightly higher, up 0.08 per cent at 4,783.83, while the tech-heavy Nasdaq Composite closed marginally above flat, recording a 0.02 per cent gain to settle at 14,972.76.

The GIFT Nifty suggests a slightly positive opening for the benchmark indices, showing a gain of 69 points. GIFT Nifty futures reached 22,024 points, having reached a peak of 22,046.5 points.

Oil prices surged following military strikes by Britain and the United States on targets in Houthi-controlled areas of Yemen, escalating tensions in the Red Sea. West Texas Intermediate and Brent futures experienced a more than 4 per cent increase on Friday morning, reaching their highest levels since December 27. U.S. crude oil rose to USD 75.25 a barrel, while the global benchmark reached USD 80.75.

However, the benchmarks retreated later in the session, with U.S. crude settling at USD 72.68 a barrel and Brent settling at USD 78.29 a barrel. Notably, this marks the first known strike against the Iran-backed Houthis in Yemen, as opposed to previous U.S. strikes on Iranian proxies in Syria and Iraq.

The Dollar index showed a 0.06 per cent decline in futures, settling at 102.44, while the value of a single dollar remained close to Rs 83.09.

On January 12, 2024, foreign institutional investors (FII) offloaded shares worth Rs 340.05 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,911.19 crore.

Stocks that are banned for trading in the F&O segment on January 15, 2024, are BANDHANBNK, BHEL, CHAMBLFERT, DELTACORP, ESCORTS, HINDCOPPER, INDIACEM, INDUSTOWER, METROPOLIS, NATIONALUM, PEL, POLYCAB, PVRINOX, SAIL and ZEEL.