Market Wrap: Benchmark indices close higher while Nifty Mid-cap register substantial gains!

The Indian stock market concluded the trading day with marginal gains, as both the Sensex and Nifty registered incremental increases of 0.01 per cent each.

Market Update at 3:40 PM: The Indian stock market concluded the trading day with marginal gains, as both the Sensex and Nifty registered incremental increases of 0.01 per cent each.

Nifty Midcap segment displayed remarkable strength, closing substantially higher by 1.1 per cent, while the Nifty Smallcap category also posted a healthy gain of 0.81 per cent.

Investor sentiment found a steadier footing as the India VIX witnessed a decline of 1.84 per cent, signifying a decrease in market volatility.

Among the sectoral indices, the Nifty Metal, Nifty FMCG, and Nifty Media segments stood out as the top gainers for the day, showcasing encouraging performance in these areas. Conversely, the Nifty PSU Bank, Nifty Pharma, and Nifty IT sectors faced headwinds, positioning them among the day's top losers.

Zooming in on individual stocks within the Nifty 50 index, Adani Enterprises, HDFC Life, and ITC emerged as notable gainers, bolstering the upward trajectory of the market. In contrast, BPCL, Cipla, and Bajaj Finserv found themselves on the losing side, contributing to the losses within the Nifty 50 cohort.

The broader market sentiment remained optimistic, with approximately 1168 stocks advancing compared to 795 stocks experiencing declines. This broader picture suggests an overall positive sentiment among investors, underscoring a favorable outlook for the market.

Market Update at 2:20 PM: In today's trading session, the Indian stock market exhibited a modest trajectory, with the benchmark indices showing slight upward movements. The Sensex managed to eke out a marginal gain of 0.1 per cent, while the Nifty followed closely with a 0.09 per cent increase.

The Nifty Midcap segment, on the other hand, demonstrated noteworthy strength, surging ahead by 1.03 per cent. Similarly, the Nifty Smallcap category displayed resilience by posting a gain of 0.83 per cent.

The volatility landscape experienced a shift as the India VIX saw a decline of 0.84 per cent, suggesting a relatively calmer sentiment in the market.

Among sectoral indices, the Nifty Metal, Nifty Media, and Nifty FMCG sectors emerged as the top gainers, indicating positive traction in these segments. Conversely, the Nifty Pharma, Nifty PSU Bank, and Nifty IT sectors faced setbacks, finding themselves among the top losers for the day.

A closer look at individual stocks within the Nifty 50 reveals some interesting dynamics. HDFC Life, ITC, and Adani Enterprises emerged as prominent gainers, contributing to the market's upward momentum. Conversely, Cipla, TCS, and BPCL faced downward pressure, experiencing losses within the Nifty 50 cohort.

The overall market sentiment appears to lean in favour of optimism, as approximately 1347 stocks advanced, outnumbering the 638 stocks that underwent declines. This broader market sentiment suggests a positive outlook that is resonating with investors.

Market Update at 12:30 PM: In the latest market movement, the Sensex and Nifty have edged up by 0.16 per cent and 0.17 per cent respectively, reflecting a cautious optimism among investors. Nifty Midcap and Nifty Smallcap are also on an upward trajectory, gaining 0.84 per cent and 0.67 per cent respectively.

As we look toward European markets, a positive opening is anticipated. European futures for DAX and FTSE exhibit an upward trend, showing gains of 0.52 per cent and 0.05 per cent respectively.

Meanwhile, the India VIX has taken a dip of 0.50 per cent, indicating a slightly calmer market sentiment.

Nifty Media, Nifty Realty, and Nifty FMCG sectors are leading the gains, while Nifty Pharma, Nifty PSU Bank, and Nifty IT are witnessing some setbacks.

In the Nifty 50 index, HDFC Life, SBI Life, and Adani Enterprises are emerging as the top gainers, while Cipla, TCS, and BPCL are experiencing declines.

On a broader scale, the market sentiment appears positive, with approximately 1402 stocks advancing against 569 declining stocks, suggesting an overall optimistic outlook among investors.

Market Update at 11:05 AM:  In the latest trading session, both the Sensex and Nifty indices demonstrated steady growth, recording marginal increments of 0.07 per cent and 0.1 per cent respectively.

Furthermore, the Nifty Midcap and Nifty Smallcap categories mirrored this upward trend, with gains of 0.76 per cent and 0.62 per cent respectively.

Notably, the India VIX has witnessed a notable decline of 0.84 per cent, reflecting decreased market volatility.

Among the sectors that showcased robust performance, Nifty Media, Nifty Realty, and Nifty FMCG emerged as the top gainers. Conversely, Nifty Pharma and Nifty IT experienced declines, positioning them among the top losers.

In terms of individual stock movements within the Nifty 50 index, HDFC Life, SBI Life, and Adani Enterprises secured their positions as the top gainers. Meanwhile, Cipla, Titan, and LTIMindtree faced declines, marking them as the primary losers.

A broader market overview reveals approximately 1389 stocks advancing, while 578 stocks are on a declining trajectory. This configuration points to an ongoing positive sentiment in the broader market.

Market Update at 9:30 AM: In the latest market session, both the Sensex and Nifty indices initiated the trading day with marginal gains, recording slight increases of 0.13 per cent and 0.18 per cent respectively.

Concurrently, within the Nifty spectrum, the Nifty Midcap and Nifty Smallcap segments exhibited positive opening moves, marking gains of 0.65 per cent and 0.67 per cent respectively.

Moreover, the India VIX has witnessed a slight increase of 0.08 per cent, indicating increased market volatility.

In terms of sectoral performance, the Nifty Metal, Nifty Realty, and Nifty Auto sectors displayed notable strength, emerging as top gainers. Notably, there are no major sectors that are underperforming in the current session.

Analyzing specific stock movements within the Nifty 50 index, Adani Enterprises, HDFC Life, and Power Grid emerged as top gainers. In contrast, Titan, Reliance, and Nestle India experienced declines, placing them among the prominent losers.

A broader perspective reveals approximately 1477 stocks advancing, while 366 stocks are experiencing declines. This indicates a prevailing positive sentiment in the broader market.

Pre-Market Update at 8:00 AM: During Monday's primary trading session, the Nasdaq Composite marked its most substantial monthly surge, experiencing a notable 1.6 per cent increase. The S&P 500 also demonstrated growth, adding nearly 0.7 per cent. In contrast, the Dow registered a slight decline of 0.1 per cent.

Oil prices inched up on Monday due to reduced supply from Saudi Arabia and Russia, coupled with elevated heating oil prices, outweighing worries about global demand. Brent crude saw a rise of 52 cents, reaching USD 85.32 per barrel. In parallel, the Dollar index exhibited a 0.06 per cent decrease in futures, settling at 103.32, while the dollar's value hovered around Rs 83.09.

The GIFT Nifty suggests a slightly optimistic beginning for the benchmark indices, marking a 15-point increase, subsequent to the Nifty's closure at 19,393 points, reflecting an 83-point rise on August 21. GIFT Nifty futures were observed at 19,391 points.

On August 21, foreign institutional investors (FII) offloaded shares worth Rs 1,901.10 crore, while domestic institutional investors (DII) bought shares worth Rs 626.25 crore.

Stocks that are banned for trading in the F&O segment on August 22, 2023, are Chambal Fertilisers & Chemicals Ltd, Delta Corp, GNFC, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram, Metropolis, PNB, SAIL and Zee Entertainment.