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

On Monday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained over 0.67 per cent and reached a new all-time high of 74,869.30 level, while Nifty also closed higher by 0.68 per cent after making a new all-time high of 22,697.30 level.

Market Update at 3:35 PM: On Monday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained over 0.67 per cent and reached a new all-time high of 74,869.30 level, while Nifty also closed higher by 0.68 per cent after making a new all-time high of 22,697.30 level. Similarly, the Broader market experienced positive performance as Nifty Midcap closed marginally higher by 0.04 per cent, while Nifty Smallcap soared by 0.32 per cent.

Market volatility, as indicated by India VIX, has surged by 2.4 per cent, reflecting an increase in market volatility.

Nifty Auto, Nifty Realty, Nifty Energy and Nifty Metal were among the top gainers while Nifty PSU Bank, Nifty Media and Nifty IT were the major sectors which underperformed.

Eicher Motors, Maruti and M&M were among the top gainers while Adani Ports, Nestle India and Apollo Hospitals were among the top losing stocks from the Nifty 50.

About 939 stocks were advancing as against to 1180 stocks that were declining, thus indicating a slight negative sentiment in the broader market.

Market Update at 2:20 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading substantially higher by 0.67 per cent, while Nifty trades higher by 0.68 per cent. Similarly, in the broader indices Nifty Midcap has marginally gained by 0.02 per cent, while Nifty Smallcap has surged by 0.35 per cent.

India VIX is currently trading higher by 1.5 per cent, indicating an increase in market volatility.

Nifty Auto, Nifty Realty and Nifty Energy are among the top gaining sectors while Nifty PSU Bank, Nifty Media and Nifty IT are among the top losers.

Eicher Motors, Maruti and M&M are among the top gainers while Adani Ports, Nestle India and Apollo Hospitals are among the top losing stocks from the Nifty 50.

About 947 stocks are advancing as against 1169 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:45 PM: In the current trading session benchmark indices are trading at their new all-time high levels, as Sensex has substantially surged by 0.7 per cent, while Nifty also significantly gained by 0.69 per cent. Similarly, in the broader markets Nifty Midcap has surged by 0.45 per cent, while Nifty Smallcap has gained by 0.64 per cent.

India VIX is currently trading higher by 0.93 per cent, indicating a slight increase in market volatility.

European markets are set to open higher on Monday to kick off a week of key data releases and Central Bank decisions. European futures DAX and CAC trades higher by 0.07 per cent and 0.08 per cent respectively, while FTSE trades lower by 0.09 per cent.

Nifty Realty, Nifty Auto and Nifty Energy are among the top gainers while Nifty PSU Bank is the only major sector which is currently underperforming.

Eicher Motors, Maruti and M&M are among the top gainers while Adani Ports, Apollo Hospitals and Nestle India are among the top losing stocks from the Nifty 50.

About 1100 stocks are advancing as against to 1018 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:10 AM: In the ongoing trading session, Benchmark indices are trading on a positive note with Sensex surging by 0.49 per cent and making a new all-time high of 74,673.85 level, while Nifty also gained by 0.48 per cent and reached its new all-time high of 22,634.30 level. Similarly, in the broader indices Nifty Midcap experiences moderate gains of 0.33 per cent, while Nifty Smallcap has surged by 0.39 per cent.

India VIX is trading higher by 1.17 per cent, indicating a slight increase in market volatility.

Nifty Realty, Nifty Auto and Nifty Energy are among the top gaining sectors while Nifty PSU Bank and Nifty IT are among the top losers.

Top gainers in individual stocks are Eicher Motors, M&M and Maruti, whereas Adani Ports, Apollo Hospitals and Wipro are among the top losers in the Nifty 50.

The broader market sentiment is slightly positive, with 1095 stocks advancing compared to 1017 stocks declining.

Market Update at 9:30 AM: On Monday, Indian markets initiated the trading week on a positive note with Sensex opening moderately higher by 0.33 per cent, while Nifty also opened higher by 0.31 per cent. Similarly, in the broader indices Nifty Midcap opened higher by 0.43 per cent, while Nifty Smallcap opened substantially higher by 0.61 per cent.

India VIX has surged by 3.04 per cent, indicating an increase in market volatility.

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

BPCL, Tata Steel and Power Grid are among the top gainers while Adani Ports, Apollo Hospitals and Wipro are among the top losing stocks from the Nifty 50.

About 1470 stocks are advancing as against to 507 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:00 AM: US stocks closed higher on Friday following a robust jobs report, reinforcing confidence in the economy's strength despite indications that the Federal Reserve might postpone interest rate cuts.

All major S&P 500 sectors saw gains, with communication services, industrials, and technology leading the way. The Dow Jones Industrial Average climbed 307.06 points, or 0.80 per cent, to 38,904.04, the S&P 500 rose 57.13 points, or 1.11 per cent, to 5,204.34, and the Nasdaq Composite increased by 199.44 points, or 1.24 per cent, to 16,248.52.

The GIFT Nifty trends suggest a favourable beginning for the Indian Benchmark indices, marking an increase of 31 points or 0.14 per cent. Nifty futures were observed trading near the 22,652.5 level.

Oil prices dropped by over USD 1 per barrel on Monday, with Brent dipping below USD 90, as tensions in the Middle East eased following Israel's withdrawal of additional soldiers from southern Gaza and its commitment to new discussions on a potential ceasefire in the ongoing six-month conflict.

Brent crude futures declined by USD 1.70, or 1.9 per cent, to USD 89.47 a barrel. US West Texas Intermediate crude stood at USD 85.29 a barrel, marking a decrease of USD 1.62, or 1.9 per cent.

On April 05, 2024, foreign institutional investors (FII) bought shares worth Rs 1,659.27 crore, while domestic institutional investors (DII) sold shares worth Rs 3,370.42 crore.

Stocks that are banned for trading in the F&O segment on April 08, 2024, are BANDHANBNK, HINDCOPPER, SAIL and ZEEL.