Market Wrap: Benchmark indices close higher while Nifty PSU Bank surged over 2.5 per cent!

On Monday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 1.28 per cent and closed at 74,671.28 level, while Nifty also significantly gained by 1 per cent and closed at 22,643.40 level.

Market Update at 3:40 PM: On Monday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 1.28 per cent and closed at 74,671.28 level, while Nifty also significantly gained by 1 per cent and closed at 22,643.40 level. Similarly, the Broader market experienced moderate gains as Nifty Midcap closed higher by 0.42 per cent, while Nifty Smallcap gained by 0.22 per cent.

Market volatility, as indicated by India VIX, has surged by 11.99 per cent, reflecting a significant increase in market volatility.

Nifty PSU Bank, Nifty Bank, Nifty Financial Services and Nity Energy were among the top gainers while Nifty Realty, Nifty IT and Nifty Auto are among the top losers.

ICICI Bank, SBI and Indusind Bank were among the top gainers while HCL Technologies, Apollo Hospitals and Bajaj Auto were among the top losing stocks from the Nifty 50.

About 1076 stocks were advancing as against to 1037 stocks that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:15 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading substantially higher by 1.2 per cent, while Nifty also surged by 0.89 per cent. Similarly, in the broader indices Nifty Midcap has surged by 0.31 per cent, while Nifty Smallcap has gained by 0.19 per cent.

India VIX is currently trading substantially higher by 11.83 per cent, indicating an increase in market volatility.

Nifty PSU Bank, Nifty Bank and Nifty Financial Services are among the top gainers while Nifty Realty, Nifty Auto and Nifty FMCG are among the top losers.

ICICI Bank, SBI and Indusind Bank are among the top gainers while HCL Technologies, Apollo Hospitals and HDFC Life are among the top losing stocks from the Nifty 50.

About 1125 stocks are advancing as against 978 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 substantially higher as Sensex has surged by 0.92 per cent, while Nifty also gained by 0.65 per cent. Similarly, in the broader markets Nifty Midcap has moderately gained by 0.21 per cent, while Nifty Smallcap has surged by 0.21 per cent.

India VIX has spiked up by 12.31 per cent, indicating a significant increase in market volatility.

European markets are heading for a positive open on Monday as investors look ahead to more Central Bank decisions, earnings and data this week. European futures DAX, CAC and FTSE trade higher by 0.15 per cent, 0.16 per cent and 0.35 per cent respectively.

Nifty Bank, Nifty Financial Service and Nifty PSU Bank are among the top gainers while Nifty Realty, Nifty FMCG and Nifty IT are among the top losers.

ICICI Bank, Indusind Bank and Tech Mahindra are among the top gainers while HCL Technologies, Apollo Hospitals and HDFC Life are among the top losing stocks from the Nifty 50.

About 1208 stocks are advancing as against to 892 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:15 AM: In the ongoing trading session, Benchmark indices are trading on a positive note with Sensex significantly surging by 0.74 per cent, while Nifty also soared by 0.51 per cent. Similarly, in the broader indices Nifty Midcap experience marginal gains of 0.02 per cent, while Nifty Smallcap has surged by 0.1 per cent.

India VIX is trading higher by 11.44 per cent, indicating an increase in market volatility.

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

Top gainers in individual stocks are Indusind Bank, ICICI Bank and Ultratech Cement, whereas Apollo Hospitals, HCL Technologies and Bajaj Auto are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1225 stocks advancing compared to 875 stocks declining.

Market Update at 9:40 AM: On Monday, Indian markets initiated the trading week on a positive note with Sensex opening substantially higher by 0.61 per cent, while Nifty also opened higher by 0.47 per cent. Similarly, in the broader indices Nifty Midcap opened marginally higher by 0.02 per cent, while Nifty Smallcap also opened higher by 0.65 per cent.

India VIX has substantially surged by 8.17 per cent, indicating an increase in market volatility.

Nifty Media, Nifty Bank and Nifty Pharma are among the top gainers while Nifty Auto and Nifty Realty are among the top losers.

SBI Life, ICICI Bank and Divi’s Laboratories are among the top gainers while Apollo Hospitals, HCL Technologies and M&M are among the top losing stocks from the Nifty 50.

About 1431 stocks are advancing as against to 556 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:05 AM: On Friday, US stocks concluded the session on a positive note, lifted by a surge in mega cap growth stocks driven by strong quarterly performances from tech giants Alphabet and Microsoft, alongside moderate inflation figures.

The Dow Jones Industrial Average climbed 153.86 points, or 0.40 per cent, reaching 38,239.66, while the S&P 500 advanced 51.54 points, or 1.02 per cent, closing at 5,099.96. Similarly, the Nasdaq Composite surged 316.14 points, or 2.03 per cent, to settle at 15,927.90.

The GIFT Nifty trends suggest a favourable opening for the Indian Benchmark indices, with an increase of 71.50 points or 0.32 per cent. Nifty futures were observed trading near the 22,661.50 level.

Early in Asian trading on Monday, oil prices experienced a decline, undoing the gains seen on Friday. This reversal was prompted by US inflation data that cast doubts on the likelihood of imminent interest rate cuts, thereby strengthening the dollar and dampening oil demand.

Brent crude futures dropped by 75 cents (0.84 per cent) to USD 88.75 per barrel, while West Texas Intermediate (WTI) futures decreased by 65 cents (0.78 per cent) to USD 83.20 per barrel.

On April 26, 2024, foreign institutional investors (FII) offloaded shares worth Rs 3,408.88 crore, while domestic institutional investors (DII) bought shares worth Rs 4,356.83 crore.

Stock that is banned for trading in the F&O segment on April 29, 2024, is IDEA.