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

On Friday, Benchmark indices concluded trading day on a positive note as Sensex moderately gained by 0.1 per cent and closed at 73,961.31 level, while Nifty surged by 0.19 per cent and closed at 22,530.70 level.

Market Update at 3:35 PM: On Friday, Benchmark indices concluded trading day on a positive note as Sensex moderately gained by 0.1 per cent and closed at 73,961.31 level, while Nifty surged by 0.19 per cent and closed at 22,530.70 level. Similarly, the Broader market experienced gains as Nifty Midcap closed moderately higher by 0.54 per cent, while Nifty Smallcap soared by 0.5 per cent.

Market volatility, as indicated by India VIX, has surged by 2.4% and is trading above the level of 24 reflecting heightened market volatility.

Nifty Realty, Nifty Metal and Nifty PSU Bank closed positively while Nifty Media, Nifty IT and Nifty Pharma were the major sectors which underperformed.

Adani Enterprises, Adani Ports and Shriram Finance were among the top gainers while Divi’s Laboratories, Nestle India and TCS were among the top losing stocks from the Nifty 50.

About 962 stocks were advancing as against to 1137 stocks that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:20 PM: In the current trading session benchmark indices trade on a higher note with the Sensex trading moderately higher by 0.27 per cent, while Nifty gained by 0.25 per cent. Similarly, in the broader indices Nifty Midcap has surged by 0.33 per cent, while Nifty Smallcap has gained by 0.66 per cent.

India VIX is currently slightly lower by 2.98 per cent but is still trading above the level of 23 indicating heightened market volatility.

Nifty Realty, Nifty Metal and Nifty PSU Bank are the major sectors which are trading positively while Nifty Media, Nifty Pharma and Nifty IT are among the top losers.

Adani Enterprises, Adani Ports and Tata Consumer Product are among the top gainers while Bharti Airtel, Divi’s Laboratories and Maruti are among the top losing stocks from the Nifty 50.

About 1099 stocks are advancing as against 1016 stocks that are declining, thus indicating a neutral sentiment in the broader market.

Market Update at 12:40 PM: In the current trading session benchmark indices trade on a positive note as Sensex has marginally gained by 0.15 per cent, while Nifty has also gained by 0.11 per cent. Whereas, in the broader indices Nifty Midcap has declined by 0.14 per cent, while Nifty Smallcap has gained by 0.17 per cent.

India VIX is down by 4.86 per cent but is still trading around the level of 23, indicating heightened market volatility.

European markets are poised for a lower open on Friday reversing gains from the previous session as investors await fresh Inflation data. European futures DAX, CAC and FTSE trades lower by 0.22 per cent, 0.01 per cent and 0.01 per cent respectively.

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

Adani Enterprises, Shriram Finance and L&T are among the top gainers while Hero Motocorp, Bharti Airtel and Divi’s Laboratories are among the top losing stocks from the Nifty 50.

About 880 stocks are advancing as against to 1212 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 11:20 AM: In the ongoing trading session, Benchmark indices are trading on a higher note with Sensex trading moderately higher by 0.24 per cent, while Nifty gained by 0.18 per cent. Similarly, in the broader indices Nifty Midcap experience marginal losses of 0.08 per cent, while Nifty Smallcap has surged by 0.12 per cent.

India VIX is has declined by 5.57 per cent but is still trading above the mark of 22, indicating heightened market volatility.

Nifty Realty, Nifty Metal and Nifty Auto are trading positively while Nifty Media, Nifty Pharma and Nifty PSU Bank are among the top losers.

Top gainers in individual stocks are Adani Enterprises, M&M and Bajaj Finance, whereas Bharti Airtel, Hero Motocorp and Divi’s Laboratories are among the top losers in the Nifty 50.

The broader market sentiment is negative, with 870 stocks advancing compared to 1215 stocks declining.

Market Update at 9:35 AM: On Friday, Indian markets initiated the last trading day of the week on a positive note with the Sensex opening higher by 0.75 per cent, while Nifty also opened higher by 0.69 per cent. Similarly, in the broader indices Nifty Midcap opened on a higher note with a gain of 0.59 per cent, while Nifty Smallcap has surged by 0.56 per cent.

India VIX has declined by 5.23 per cent and is still trading above the level of 22, indicating heightened market volatility.

Nifty Realty, Nifty Metal and Nifty Energy are trading positively while Nifty IT was the only major sector which is trading positively.

Adani Enterprises, L&T and Adani Ports are among the top gainers while Infosys, LTIMindtree and Bharti Airtel are among the top losing stocks from the Nifty 50.

About 1447 stocks are advancing as against to 559 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:50 AM: U.S. stocks closed lower on Thursday, with the Nasdaq dropping over 1 per cent as technology shares declined following a disappointing forecast from Salesforce.

Investors also reacted to data indicating slower-than-expected economic growth in the first quarter and a separate report showing a larger-than-expected increase in weekly jobless claims.

The 10-year U.S. Treasury yield fell by 17 basis points to 4.53 per cent, while the 2-year bond yield decreased by 13 basis points to 4.91 per cent after a downward revision to first-quarter GDP.

The GIFT Nifty indicates a negative start for the Indian Benchmark indices, with a decline of 0.13 per cent or 30 points. Nifty futures are currently trading near the 22,663 mark.

Oil prices declined by 0.31 per cent early on Friday as investors reacted to comments from U.S. Federal Reserve officials indicating it was premature to consider rate cuts, alongside an unexpected increase in U.S. gasoline stocks.

Brent futures fell 12 cents, or 0.15 per cent, to USD 81.74 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 17 cents, or 0.22 per cent, to USD 77.74.

On May 30, 2024, foreign institutional investors (FII) offloaded shares worth Rs 3,050.15 crore, while domestic institutional investors (DII) purchased shares worth Rs 3,432.92 crore.

No stocks are banned for trading in the F&O segment on May 31, 2024.