Market Wrap: Benchmark indices close higher while Broader indices outperform!

On Thursday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 0.46 per cent closing at 73,097.28 level, while Nifty also surged by 0.68 per cent and closed at 21,146.65 level.

Market Update at 3:40 PM: On Thursday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 0.46 per cent closing at 73,097.28 level, while Nifty also surged by 0.68 per cent and closed at 21,146.65 level. Similarly, the Broader market experienced substantial gains as Nifty Midcap closed significantly higher by 2.02 per cent, while Nifty Smallcap soared by 3.45 per cent.

Market volatility, as indicated by India VIX, has plunged by 5.61 per cent, reflecting a significant decline in market volatility.

Nifty Metal, Nifty IT, Nifty Media and Nifty Energy are among the top gainers while Nifty Bank and Nifty Financial Services were among the top losers.

Adani Enterprises, Adani Ports and Hero Motocorp were among the top gainers while Axis Bank, Indusind Bank and JSW Steel were among the top losing stocks from the Nifty 50.

About 1832 stocks were advancing as against to 445 stocks that were declining, thus indicating a positive 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 trading moderately higher by 0.25 per cent, while Nifty trades higher by 0.43 per cent. Similarly, in the broader indices Nifty Midcap has surged by 1.23 per cent, while Nifty Smallcap has soared by 2.81 per cent.

India VIX is currently trading higher by 7.2 per cent, indicating a substantial spike in market volatility.

Nifty Media, Nifty Metal and Nifty Energy are among the top gainers, while Nifty Realty, Nifty Bank and Nifty Financial Services are among the top losers.

Adani Enterprises, Adani Ports and Hindalco are among the top gainers while Indusind Bank, Axis Bank and JSW Steel are among the top losing stocks from the Nifty 50.

About 1789 stocks are advancing as against 484 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:40 PM: In the current trading session benchmark indices trade higher note with the Sensex substantially surging by 0.7 per cent, while Nifty also surged by 0.81 per cent. Similarly, this trend continued in the broader indices as Nifty Midcap has surged by 1.59 per cent, while Nifty Smallcap has soared by 3.05 per cent.

India VIX is currently trading lower by 4.04 per cent, indicating a decrease in market volatility.

European markets are headed for a lower open on Thursday with investors keeping an eye out for another key U.S. Inflation reading for February. European futures DAX trades marginally lower by 0.01 per cent while CAC and FTSE trades higher by 0.12 per cent and 0.05 per cent respectively.

Nifty Media, Nifty Metal and Nifty Energy are among the top gainers, while currently there are no major sectors which are currently trading negatively.

Adani Enterprises, Adani Ports and Hindalco are among the top gainers while JSW Steel, Tata Steel and NTPC are among the top losing stocks from the Nifty 50.

About 1896 stocks are advancing as against to 384 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 higher note, with Sensex trading moderately higher by 0.27 per cent while Nifty also trades higher by 0.38 per cent. Similarly, in the broader indices Nifty Midcap experience significant gains of 1.57 per cent, while Nifty Smallcap soars by 2.6 per cent.

India VIX is trading lower by 4.68 per cent, indicating a decrease in market volatility.

Nifty Media, Nifty Metal and Nifty Energy are among the top gaining sectors while currently there are no major sectors which are underperforming.

Top gainers in individual stocks are Adani Enterprises, Adani Ports and Hindalco, whereas Tata Steel, JSW Steel and HDFC Bank are among the leading losers in the Nifty 50.

The broader market sentiment is negative, with 1827 stocks advancing compared to 420 stocks declining.

Market Update at 9:35 AM: On Thursday, Indian markets initiated the trading day on a mixed note with Sensex opening marginally lower by 0.01 per cent, while Nifty opened marginally higher by 0.05 per cent. Whereas in the broader indices Nifty Midcap opened moderately higher by 0.44 per cent, while Nifty Smallcap also opened higher by 0.93 per cent.

India VIX has marginally declined by 0.04 per cent, indicating a slight decrease in market volatility.

Nifty Energy, Nifty Media and Nifty Metal are among the top gainers while Nifty Realty, Nifty Bank and Nifty Financial Services are among the top losers.

Adani Enterprises, Adani Ports and Hindalco are among the top gainers while Bajaj Finance, Tata Steel and Bajaj Auto are among the top losing stocks from the Nifty 50.

About 1456 stocks are advancing as against to 712 stocks that are declining, thus indicating a negative sentiment in the broader market.

Pre-Market Update at 8:35 AM: On Wednesday, the S&P 500 and Nasdaq experienced slight declines as investors opted to cash in on chipmaker stocks, while also preparing for forthcoming producer price data and additional insights into the inflation trajectory ahead of the Federal Reserve meeting next week.

The Dow Jones Industrial Average saw an increase of 37.83 points, equivalent to 0.1 per cent, reaching 39,043.32. Conversely, the S&P 500 recorded a loss of 9.96 points, down 0.19 per cent, closing at 5,165.31, and the Nasdaq Composite witnessed a drop of 87.87 points, translating to 0.54 per cent, ending the day at 16,177.77.

The GIFT Nifty trends suggest a sluggish beginning for the benchmark indices, showing an increase of 17 points or 0.08 per cent. Nifty futures were observed trading near the 22,018.50 mark.

On Wednesday, oil prices surged approximately 3 per cent, reaching a four-month peak, fueled by an unexpected decline in US crude inventories, a significant drop in US gasoline stocks, and concerns over potential supply disruptions following Ukrainian attacks on Russian refineries.

Brent futures climbed by USD 2.11, marking a 2.6 per cent increase, settling at USD 84.03 per barrel, while US West Texas Intermediate (WTI) crude saw a rise of USD 2.16, or 2.8 per cent, closing at USD 79.72.

On March 13, 2024, foreign institutional investors (FII) sold shares worth Rs 4,595.06 crore, while domestic institutional investors (DII) purchased shares worth Rs 9,093.72 crore.

Stock that is banned for trading in the F&O segment on March 14, 2024, are ABFRL, HINDCOPPER, MANAPPURAM, NATIONALUM, PEL, RBLBANK, SAIL, TATACHEM and ZEEL.