Market Wrap: Benchmark indices close lower while Broader indices outperform!

In the recent market recap, both the Sensex and Nifty concluded the session with slight declines of 0.1 per cent and 0.11 per cent, respectively.

Market Update at 3:40 PM: In the recent market recap, both the Sensex and Nifty concluded the session with slight declines of 0.1 per cent and 0.11 per cent, respectively. On the other hand, the Nifty Midcap showed a modest gain of 0.14 per cent, while the Nifty Smallcap exhibited stronger growth at 0.69 per cent.

Market volatility, as indicated by India VIX, experienced a significant drop of 3.46 per cent, signifying reduced market uncertainty.

Sector performance varied, with Nifty Media, Nifty Auto, and Nifty Metal emerging as top gainers, while Nifty PSU Bank, Nifty Realty, and Nifty IT were among the sectors facing losses.

In the Nifty 50 index, leading gainers included BPCL, Coal India, and Maruti. Conversely, Tech Mahindra, Apollo Hospitals, and Infosys faced declines, positioning them as top losers within the index.

The broader market sentiment remained positive, with approximately 1185 stocks advancing compared to 835 stocks declining, reflecting an overall optimistic sentiment in the broader market.

Market Update at 2:25 PM: In the latest market update, both the Sensex and Nifty are trading with marginal declines, while the Nifty Midcap has made a modest gain of 0.22 per cent, and the Nifty Smallcap is showing moderate growth of 0.61 per cent.

India VIX, indicating market volatility, has witnessed a notable drop of 3.28 per cent, reflecting increased market stability.

Sector-wise, Nifty Media, Nifty Energy, and Nifty Auto have emerged as the top-performing sectors, while Nifty IT, Nifty Pharma, and Nifty PSU Bank are among the sectors experiencing declines.

Among individual stocks within the Nifty 50, notable gainers include Coal India, BPCL, and NTPC. Conversely, Apollo Hospitals, Tech Mahindra, and HCL Technologies are among the top decliners within the index.

The broader market sentiment remains upbeat, with around 1211 stocks advancing compared to 816 stocks declining, signifying an overall positive sentiment in the broader market.

Market Update at 12:35 PM: In the latest market update, the Sensex and Nifty are trading with minimal changes, while the Nifty Midcap is showing a moderate increase of 0.42 per cent, and the Nifty Smallcap is edging higher by 0.67 per cent.

Market volatility, as measured by India VIX, has dropped significantly by 2.82 per cent, reflecting increased market stability.

Meanwhile, European markets are gearing up to open on a positive note, building on the positive global momentum witnessed this week. European Futures, including DAX, CAC, and FTSE, are trading higher by 0.19 per cent, 0.52 per cent, and 0.38 per cent, respectively.

Sector performance in the Indian market is diverse, with Nifty Media, Nifty Metal, and Nifty Auto emerging as the leading gainers, while Nifty IT and Nifty Realty are among the sectors experiencing losses.

Among individual stocks within the Nifty 50, notable gainers include Coal India, BPCL, and Maruti. On the other hand, TCS, HCL Technologies, and Cipla are among the top decliners within the index.

The broader market sentiment remains positive, with approximately 1350 stocks advancing compared to 655 stocks declining, underscoring an overall optimistic sentiment in the broader market.

Market Update at 11:10 AM: In the latest market snapshot, both the Sensex and Nifty are trading with slight gains, while the Nifty Midcap exhibits moderate growth of 0.43 per cent, and the Nifty Smallcap follows suit with a moderate increase of 0.71 per cent.

Market volatility, as indicated by the India VIX, has declined by 2.18 per cent, reflecting reduced market uncertainty.

Sector-wise, Nifty Media, Nifty Metal, and Nifty Energy are leading the gains, while Nifty IT, Nifty Realty, and Nifty FMCG are among the sectors facing losses.

In terms of individual stocks within the Nifty 50, Coal India, BPCL, and Maruti are among the top gainers in the early trading session. Conversely, TCS, Infosys, and Cipla are experiencing declines, positioning them as the top losers within the index.

The broader market sentiment remains positive, with around 1326 stocks advancing compared to 676 stocks declining, signaling an overall optimistic sentiment in the broader market.

Market Update at 9:30 AM: In the latest market update, the Sensex and Nifty have started the trading day on a relatively flat note, with minimal movement. On the other hand, the Nifty Midcap has opened with a moderate gain of 0.35 per cent, while the Nifty Smallcap has shown stronger growth, opening higher by 0.55 per cent.

Market volatility, as measured by India VIX, has seen a notable decline of 1.18 per cent, suggesting reduced market uncertainty.

Sector-wise, Nifty Media, Nifty PSU Bank, and Nifty Metal have emerged as top gainers in the opening trades, while Nifty IT and Nifty Realty are among the sectors showing early losses.

Among individual stocks within the Nifty 50, BPCL, IndusInd Bank, and Hindalco have started the day on a positive note as top gainers. In contrast, TCS, Dr Reddy’s Laboratories, and Bajaj Finance have seen declines, making them the early losers within the index.

The broader market sentiment appears optimistic, with approximately 1270 stocks advancing compared to 571 stocks declining. This positive sentiment in the broader market reflects a favourable start to the trading session.

Pre-Market Update at 8:10 AM: US Stocks inched up on Wednesday as traders anticipated the unveiling of fresh US consumer inflation data while Treasury yields kept declining. The Dow Jones Industrial Average increased by 0.19 per cent, closing at 33,804.87. The S&P 500 advanced by 0.43 per cent, concluding at 4,376.95, and the technology-focused Nasdaq Composite posted a 0.71 per cent gain, settling at 13,659.68. This marked the fourth consecutive day of gains for all three major indices.

In early Asian trading on Wednesday, oil prices remained relatively stable, with reduced apprehensions regarding possible supply interruptions resulting from the conflict involving Israel and the Palestinian Islamist organization Hamas. Brent crude experienced a modest increase of 12 cents, reaching USD 87.77 per barrel. Concurrently, the Dollar index showed a marginal 0.06 per cent decline in futures, settling at 105.78, while the exchange rate for one dollar hovered near Rs 83.16.

The GIFT Nifty suggests a slightly favourable opening for the benchmark indices, showing a 24-point increase. The GIFT Nifty futures reached 19,845 points, having reached a peak at 19,864 points.

In September, investments into Systematic Investment Plans (SIPs) surged to a new peak, totalling Rs 16,402 crore, surpassing the previous record of Rs 15,814 crore recorded the prior month. This information is based on data provided by the Association of Mutual Funds in India (AMFI).

Exchange Traded Funds (ETFs) showed the most remarkable increase, with inflows surging from Rs 1,863 crore in the previous month to Rs 3,243 crore. Contributions to dividend and ELSS (Equity-Linked Savings Schemes) funds also saw significant growth, reaching Rs 255 crore and Rs 141 crore, respectively. However, corporate bond funds experienced outflows of Rs 2,460 crore and Rs 111 crore, respectively.

On October 11, foreign institutional investors (FII) offloaded shares worth Rs 421.77 crore, while domestic institutional investors (DII) bought shares worth Rs 1,032.02 crore.

Stocks that are banned for trading in the F&O segment on October 12, 2023, are BALRAMCHIN, HINDCOPPER, IBULHSGFIN, INDIACEM, L&TFH, MANAPPURAM and PNB.