Market Wrap: Benchmark indices close higher with Nifty Financial Services among the top losers!

On Friday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 0.83 per cent and closed at 73,088.33 level, while Nifty also gained by 0.7 per cent and closed at 22,149.80 level.

Market Update at 3:55 PM: On Friday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 0.83 per cent and closed at 73,088.33 level, while Nifty also gained by 0.7 per cent and closed at 22,149.80 level. Whereas the Broader market experienced underperformance as Nifty Midcap closed moderately lower by 0.61 per cent, while Nifty Smallcap marginally declined by 0.14 per cent.

Market volatility, as indicated by India VIX, has surged by 3.2 per cent, reflecting an increase in market volatility.

Nifty Financial Services, Nifty Bank and Nifty Metal are among the top gainers while Nifty Media, Nifty Realty, Nifty Pharma and Nifty IT were among the top losing sectors.

Bajaj Finance, M&M and Maruti were among the top gainers while Bajaj Auto, HCL Technologies and Nestle India were among the top losing stocks from the Nifty 50.

About 899 stocks were advancing as against to 1200 stocks that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:40 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading substantially higher by 0.76 per cent, while Nifty also gained by 0.67 per cent. Whereas, in the broader indices Nifty Midcap has moderately declined by 0.51 per cent, while Nifty Smallcap has marginally gained by 0.04 per cent.

India VIX is currently trading marginally higher by 4.14 per cent, indicating an increase in market volatility.

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

Bajaj Finance, M&M and Maruti are among the top gainers while Bajaj Auto, HCL Technologies and Tata Motors are among the top losing stocks from the Nifty 50.

About 961 stocks are advancing as against 1133 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:40 PM: In the current trading session benchmark indices trade higher as Sensex has substantially marginally gained by 0.09 per cent, while Nifty also gained by 0.07 per cent. Similarly, in the broader markets Nifty Midcap has moderately declined by 0.64 per cent, while Nifty Smallcap has declined by 0.15 per cent.

India VIX is currently trading higher by 6.56 per cent, indicating an increase in market volatility.

European stocks may tumble at open on Friday after Israeli missiles targeted a site in Isfahan province in Iran, raising fears of widening conflict across the Middle East. European futures DAX, CAC and FTSE trade lower by 1.02 per cent, 0.22 per cent and 0.24 per cent respectively.

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

Grasim, M&M and Tata Consumer Product are among the top gainers while Bajaj Auto, Axis Bank and SBI Life are among the top losing stocks from the Nifty 50.

About 795 stocks are advancing as against to 1296 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 11:15 AM: In the ongoing trading session, Benchmark indices are trading on a negative note with Sensex declining by 0.54 per cent, while Nifty also plunged by 0.62 per cent. Similarly, in the broader indices Nifty Midcap experience substantial declines of 1.42 per cent, while Nifty Smallcap has plummeted by 1.06 per cent.

India VIX is trading higher by 5.14 per cent, indicating an increase in market volatility.

Currently all the major sectors are trading negatively while Nifty Auto, Nifty PSU Bank and Nifty Realty are among the top losers.

Top gainers in individual stocks are Grasim, ITC and HDFC Bank, whereas Bajaj Auto, Tata Motors and Axis Bank are among the top losers in the Nifty 50.

The broader market sentiment is negative, with 470 stocks advancing compared to 1618 stocks declining.

Market Update at 9:35 AM: On Friday, Indian markets initiated the trading day on a negative note with Sensex opening significantly lower by 0.73 per cent, while Nifty also opened lower by 0.76 per cent. Similarly, in the broader indices Nifty Midcap opened substantially lower by 1.44 per cent, while Nifty Smallcap also opened lower by 1.3 per cent.

India VIX has surged by 8.8 per cent, indicating an increase in market volatility.

All the major sectors are trading negatively while Nifty Realty, Nifty PSU Bank and Nifty IT are among the top losers.

ONGC, Apollo Hospitals and ITC are among the top gainers while BPCL, HDFC Life and Bajaj Auto are among the top losing stocks from the Nifty 50.

About 282 stocks are advancing as against to 1679 stocks that are declining, thus indicating a negative sentiment in the broader market.

Pre-Market Update at 7:50 AM: US stocks experienced volatility on Thursday, fluctuating between gains and losses as investors grappled with the contrasting forces of a robust economy and the Federal Reserve's restrictive policy stance.

Amid ongoing turmoil in the Middle East, benchmark Treasury yields rose, and gold strengthened, signalling a flight to safety. Throughout the session, all three major US stock indices oscillated, with weakness in the chip sector weighing down the Nasdaq the most.

While the S&P 500 joined the Nasdaq in the red, the Dow Jones Industrial Average managed to secure a modest increase, rising by 22.07 points, or 0.06 per cent, to 37,775.38, whereas the S&P 500 lost 11.09 points, or 0.22 per cent, to 5,011.12, and the Nasdaq Composite dropped 81.87 points, or 0.52 per cent, to 15,601.50.

GIFT Nifty trends suggest a sluggish beginning for Indian Benchmark indices, with a decline of 119.50 points or 0.54 per cent. Nifty futures were observed trading near the 21,948 level.

Early Friday trading witnessed a decline in oil prices, driven by US jobs data suggesting prolonged higher interest rates and reduced tensions in the Middle East, which alleviated supply worries. Despite sanctions imposed on Venezuela and Iran, the market largely disregarded these developments.

Brent futures dropped by 23 cents, or 0.3 per cent, reaching USD 86.88 per barrel, while US crude decreased by 25 cents to USD 82.48 per barrel, also down 0.3 per cent.

On April 18, 2024, foreign institutional investors (FII) offloaded shares worth Rs 4,260.33 crore, while domestic institutional investors (DII) bought shares worth Rs 2,285.52 crore.

Stocks that are banned for trading in the F&O segment on April 19, 2024, are BALRAMCHIN, BANDHANBNK, EXIDEIND, GNFC, HINDCOPPER, IDEA, METROPOLIS, NATIONALUM, PEL, SAIL and ZEEL.