Market Wrap: Benchmark indices close higher with Nifty Energy among the top gainers!

In the recent trading session, both the Sensex and Nifty concluded the trading session on a positive note, with gains of 0.6 per cent and 0.62 per cent, respectively.

Market Update at 3:40 PM: In the recent trading session, both the Sensex and Nifty concluded the trading session on a positive note, with gains of 0.6 per cent and 0.62 per cent, respectively. Notably, the Nifty Midcap closed with a modest rise of 0.5 per cent, while the Nifty Smallcap exhibited a stronger performance, closing higher by 0.84 per cent.

Market volatility, as measured by India VIX, experienced a notable drop of 2.57 per cent, indicating a calmer market environment.

Key sectors driving the market's upward momentum included Nifty Energy, Nifty Auto, and Nifty FMCG, all of which emerged as top gainers. However, Nifty PSU Bank and Nifty IT were the major sectors underperforming during the session.

Among individual stocks, top gainers featured Hero Motocorp, Wipro, and Grasim, while HCL Technologies, Adani Ports, and SBIN faced declines, positioning them as the top losers among the Nifty 50 constituents.

The broader market sentiment appeared optimistic, with approximately 1355 stocks advancing compared to 663 stocks declining, indicating an overall positive sentiment in the broader market.

Market Update at 2:15 PM: In the latest market report, the Sensex and Nifty have held their ground with increases of 0.55 per cent and 0.56 per cent, respectively. Nifty Midcap has gained 0.47 per cent, while Nifty Smallcap is moderately up by 0.77 per cent.

Market volatility, as indicated by India VIX, has reduced significantly, showing a decline of 2.57 per cent.

Notable sectoral performers include Nifty Realty, Nifty FMCG, and Nifty Media, while Nifty PSU Bank remains the only sector underperforming.

Among the top gainers in the Nifty 50 are Wipro, Hero Motocorp, and Grasim, with Coal India, HCL Technologies, and Adani Ports among the top losers.

The broader market sentiment remains positive, with 1432 advancing stocks compared to 583 declining ones, reflecting optimism among investors.
 

Market Update at 12:30 PM: In the latest market update, the Sensex and Nifty have exhibited resilience, rising by 0.54 per cent and 0.55 per cent, respectively. The Nifty Midcap has made substantial gains at 0.87 per cent, while the Nifty Smallcap is moderately higher by 1.11 per cent.

In the global arena, European markets are poised to open lower after enjoying their best one-day performance in nearly a year. European futures, including DAX, CAC, and FTSE, are trading with slight declines of 0.06 per cent, 0.78 per cent, and 0.01 per cent, respectively.

The India VIX has seen a notable drop of 1.42 per cent, signaling reduced market volatility.

Top-performing sectors include Nifty Realty, Nifty Media, and Nifty Metal, with Nifty PSU Bank being the sole underperformer currently.

Leading the gainers in the Nifty 50 are Wipro, Ultratech Cement, and Grasim, while Coal India, SBI Life, and HDFC Life are among the top losers.

The overall market sentiment remains positive, with 1575 advancing stocks compared to 437 declining stocks, reflecting optimism in the broader market.

Market Update at 11:05 AM: In a strong performance, the Sensex and Nifty are trading with gains of 0.66 per cent and 0.67 per cent, respectively. Additionally, the Nifty Midcap is substantially up by 1.06 per cent, while the Nifty Smallcap also shows significant gains of 1.26 per cent.

The India VIX has dropped by 0.62 per cent, suggesting reduced market volatility.

Leading sectors include Nifty Realty, Nifty IT, and Nifty Metal, with Nifty PSU Bank being the sole underperforming sector at present.

Top gainers in the Nifty 50 comprise Wipro, Ultratech Cement, and Dr Reddy's Laboratories, while Coal India, SBI Life, and HDFC Life are among the top losers.

Overall market sentiment is positive, with 1647 advancing stocks compared to 372 declining ones, reflecting the broader market's favourable outlook.

Market Update at 9:30 AM: In a promising opening, the Sensex and Nifty commenced the trading session with gains of 0.52 per cent and 0.51 per cent, respectively. Furthermore, the Nifty Midcap and Nifty Smallcap segments showed moderate and higher openings of 0.94 per cent and 1.06 per cent, respectively.

Notably, the India VIX saw a decline of 1.77 per cent, reflecting reduced volatility in the market.

Among the key sectors, Nifty Realty, Nifty Media, and Nifty Financial Services are displaying strong performances, while no major sectors are underperforming at the moment.

Top gainers in the Nifty 50 include Dr. Reddy's Laboratories, Tata Motors, and UPL, whereas Coal India, SBI Life, and Britannia are among the top losers.

Overall market sentiment appears positive, with 1684 stocks advancing in contrast to 183 stocks declining, indicating a favorable outlook in the broader market.

Pre-Market Update at 8:30 AM: During overnight trading, US stock futures displayed minimal fluctuations, with Wall Street focusing on the upcoming release of Wednesday's producer price index. Following a successful trading session, marked by a decline in Treasury yields from their recent highs and contemplation of the consequences stemming from the Israel-Hamas conflict, the 30-stock Dow increased by 0.40 per cent, the S&P 500 saw a 0.52 per cent rise, and the tech-centric Nasdaq Composite surged by 0.58 per cent. Concurrently, the yield on the 10-year Treasury benchmark dipped by approximately 13 basis points to reach around 4.65 per cent.

On Tuesday, crude oil prices experienced a decline of over USD 1 per barrel, extending a downtrend that commenced earlier in the day. Traders remained attentive to demand trends while also exercising caution due to the potential supply disruptions arising from the ongoing military conflicts between Israel and the Palestinian Islamist group Hamas. Brent crude registered a decrease of 38 cents, settling at USD 87.77 per barrel. Meanwhile, In the futures market, the Dollar index showed a 0.26 per cent decrease, reaching 105.32, while the value of one dollar remained close to Rs 83.12.

The GIFT Nifty suggests a slightly favourable opening for the benchmark indices, showing a 15-point increase. GIFT Nifty futures settled at 19,786 points, reaching a peak of 19,800 points earlier.

On October 10, foreign institutional investors (FII) offloaded shares worth Rs 1,005.49 crore, while domestic institutional investors (DII) bought shares worth Rs 1,963.34 crore.

Stocks that are banned for trading in the F&O segment on October 11, 2023, are DELTACORP, IBULHSGFIN, L&TFH, MANAPPURAM, MCX and PNB.