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

On Monday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 0.77 per cent and closed at 73,648.62 level, while Nifty also significantly gained by 0.86 per cent and closed at 22,336.40 level.

Market Update at 3:40 PM: On Monday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 0.77 per cent and closed at 73,648.62 level, while Nifty also significantly gained by 0.86 per cent and closed at 22,336.40 level. Similarly, the Broader market experienced outperformance as Nifty Midcap closed substantially higher by 0.82 per cent, while Nifty Smallcap significantly gained by 1.31 per cent.

Market volatility, as indicated by India VIX, has declined by 5.63 per cent, reflecting a decrease in market volatility.

Nifty PSU Bank, Nifty Pharma, Nifty Auto and Nity FMCG are among the top gainers there were no major sectors which underperformed.

BPCL, Tata Consumer Product and Eicher Motors were among the top gainers while NTPC, HDFC Bank and JSW Steel were among the top losing stocks from the Nifty 50.

About 1571 stocks were advancing as against to 539 stocks that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:05 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading moderately higher by 0.54 per cent, while Nifty also gained by 0.66 per cent. Similarly, in the broader indices Nifty Midcap has substantially surged by 0.83 per cent, while Nifty Smallcap has significantly gained by 1.21 per cent.

India VIX is currently trading lower by 4.42 per cent, indicating a decrease in market volatility.

Nifty PSU Bank, Nifty Realty and Nifty Pharma are among the top gainers while currently there are no major sectors which are underperforming.

Eicher Motors, Tata Consumer Product and BPCL are among the top gainers while NTPC, HDFC Bank and JSW Steel are among the top losing stocks from the Nifty 50.

About 1634 stocks are advancing as against 480 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 higher as Sensex has moderately gained by 0.56 per cent, while Nifty also gained by 0.68 per cent. Similarly, in the broader markets Nifty Midcap has substantially gained by 0.87 per cent, while Nifty Smallcap has surged by 1.26 per cent.

India VIX is currently trading lower by 4.05 per cent, indicating a decrease in market volatility.

European markets are heading for a positive start to the new trading week on Monday, following more uncertain sentiment last week amid continuing Middle East tensions and a repricing of interest rate expectations. European futures DAX, CAC and FTSE trade higher by 0.52 per cent, 0.79 per cent and 0.65 per cent respectively.

Nifty PSU Bank, Nifty Realty and Nifty Pharma are among the top gainers while currently no major sectors are underperforming.

Tata Consumer Product, Eicher Motors and BPCL are among the top gainers while NTPC, HDFC Bank and JSW Steel are among the top losing stocks from the Nifty 50.

About 1685 stocks are advancing as against to 412 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 surging by 0.52 per cent, while Nifty also gained by 0.61 per cent. Similarly, in the broader indices Nifty Midcap experience substantial gains of 0.77 per cent, while Nifty Smallcap has soared by 1.09 per cent.

India VIX is trading lower by 4.22 per cent, indicating a decrease in market volatility.

Currently all the major sectors are trading positively with Nifty PSU Bank, Nifty Pharma and Nifty Realty are among the top losers.

Top gainers in individual stocks are BPCL, Wipro and Eicher Motors, whereas NTPC, HDFC Bank and JSW Steel are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1724 stocks advancing compared to 377 stocks declining.

Market Update at 9:35 AM: On Monday, Indian markets initiated the trading week on a positive note with Sensex opening moderately higher by 0.41 per cent, while Nifty also opened higher by 0.5 per cent. Similarly, in the broader indices Nifty Midcap opened substantially higher by 0.82 per cent, while Nifty Smallcap also opened higher by 0.95 per cent.

India VIX has declined by 2.64 per cent, indicating a decrease in market volatility.

All the major sectors are trading positively with Nifty PSU Bank, Nifty Realty and Nifty Pharma among the top gainers.

BPCL, Ultratech Cement and Coal India are among the top gainers while HDFC Bank, M&M and Grasim are among the top losing stocks from the Nifty 50.

About 1740 stocks are advancing as against to 257 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:05 AM: On Friday, the Nasdaq and the S&P 500 experienced significant declines, while Treasury yields decreased as investors grappled with underwhelming earnings, uncertainties surrounding central bank policies, and geopolitical tensions. Meanwhile, gold and crude oil prices rose as concerns grew over ongoing turmoil in the Middle East.

Despite the Dow's modest gains, the Nasdaq endured a 2.05 per cent decline due to pressure from megacap tech and tech-related momentum stocks. The Dow Jones Industrial Average rose by 211.02 points, or 0.56 per cent, to 37,986.4, while the S&P 500 lost 43.89 points, or 0.88 per cent, closing at 4,967.23, and the Nasdaq Composite dropped 319.49 points, or 2.05 per cent, to 15,282.01.

The GIFT Nifty is showing a promising beginning for Indian Benchmark Indices, with an increase of 139.50 points or 0.63 per cent. Nifty futures were observed trading near the 22,250.50 level.

On Friday, oil prices closed with a slight increase but recorded a weekly decline. This followed Iran's downplaying of a reported Israeli attack on its territory, indicating a potential de-escalation of tensions in the Middle East.

Brent futures settled up 18 cents, or 0.21 per cent, at USD 87.29 per barrel. The front-month US West Texas Intermediate (WTI) crude contract for May closed 41 cents higher, or 0.5 per cent, at USD 83.14 per barrel. Meanwhile, the more active June contract ended 12 cents higher at USD 82.22 per barrel.

On April 19, 2024, foreign institutional investors (FII) bought shares worth Rs 129.39 crore, while domestic institutional investors (DII) offloaded shares worth Rs 52.50 crore.

Stocks that are banned for trading in the F&O segment on April 22, 2024, are BALRAMCHIN, BANDHANBNK, BIOCON, EXIDEIND, IDEA, METROPOLIS, PEL, SAIL and ZEEL.