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

In the closing bell, the Sensex and Nifty wrapped up the trading session with declines of 0.17 per cent and 0.1 per cent, respectively.

Market Update at 3:35 PM: In the closing bell, the Sensex and Nifty wrapped up the trading session with declines of 0.17 per cent and 0.1 per cent, respectively.

Conversely, the Nifty Midcap closed on a positive note with a gain of 0.21 per cent, and the Nifty Smallcap segment displayed even more robust performance, closing higher by 0.37 per cent.

Market volatility, as indicated by the India VIX, saw a notable increase of 4.26 per cent, contributing to an air of uncertainty.

Top-performing sectors included Nifty Metal, Nifty PSU Bank, and Nifty Auto, while Nifty Realty, Nifty Media, and Nifty Pharma experienced losses.

Among the constituents of the Nifty 50, Hero Motocorp, JSW Steel, and Tata Steel emerged as the leaders in terms of gains. In contrast, Nestle India, Divi’s Laboratories, and TCS faced declines.

Overall market sentiment remained positive, as around 1079 stocks advanced in comparison to 957 stocks in the declining category, signifying a favorable outlook in the broader market.

Market Update at 2:20 PM: In the current market landscape, the Sensex and Nifty are exhibiting mixed trends, while the Nifty Midcap and Nifty Smallcap segments are demonstrating strength with gains of 0.25 per cent and 0.52 per cent, respectively.

Market volatility, reflected by the India VIX, has seen a modest uptick of 3.44 per cent, indicating a slight increase in market uncertainty.

Prominent sectors experiencing positive momentum include Nifty Metal, Nifty PSU Bank, and Nifty Auto, while Nifty Bank and Nifty Pharma are facing setbacks.

Among the constituents of the Nifty 50, Hero Motocorp, JSW Steel, and Tata Steel are leading in terms of gains, whereas Nestle India, Divi’s Laboratories, and Asian Paints are among the prominent decliners.

Broadly, market sentiment appears optimistic, with approximately 1185 stocks advancing compared to 858 stocks in the declining category, reflecting a positive sentiment in the broader market.

Market Update at 12:40 PM: In the current market scenario, the Sensex and Nifty are showing marginal upward movements, with gains of 0.04 per cent and 0.1 per cent, respectively, while the Nifty Midcap and Nifty Smallcap segments are displaying more robust performance with advances of 0.42 per cent and 0.66 per cent, respectively.

Market volatility, as indicated by the India VIX, has witnessed a moderate uptick of 3.34 per cent.

On the global front, European markets appear poised to start the trading week on a positive note, despite ongoing instability in the Middle East. European Futures for DAX, CAC, and FTSE are reflecting gains of 0.22 per cent, 0.38 per cent, and 0.24 per cent, respectively.

Sector-wise, Nifty Metal, Nifty PSU Bank, and Nifty Energy are among the leading gainers, while Nifty Realty and Nifty Pharma are experiencing setbacks.

Among the constituents of the Nifty 50, JSW Steel, Tata Steel, and LTI Mindtree are showcasing strong performance, whereas Nestle India, Divi’s Laboratories, and IndusInd Bank are encountering declines.

Broadly, market sentiment remains positive, with approximately 1257 stocks advancing compared to 756 stocks in the declining category, painting an overall favourable outlook in the broader market.

Market Update at 11:15 AM: In the current market scenario, the Sensex and Nifty have declined marginally by 0.09 per cent and 0.04 per cent respectively, while the Nifty Midcap and Nifty Smallcap segments exhibit strength with gains of 0.22 per cent and 0.55 per cent, respectively.

Meanwhile, the India VIX has seen a notable increase of 2.78 per cent, signifying a slight uptick in market volatility.

Notable sectors displaying positive momentum include Nifty Metal, Nifty PSU Bank, and Nifty Energy, while Nifty Realty, Nifty Media, and Nifty FMCG are grappling with losses.

Among the Nifty 50 constituents, HCL Technologies, Coal India, and ONGC are among the top performers, while Nestle India, Divi’s Laboratories, and Asian Paints are encountering declines.

Broadly, market sentiment appears favourable, with approximately 1246 stocks in the advancing category in contrast to 774 stocks in the declining category, signalling an overall positive mood in the broader market.

Market Update at 9:45 AM: In the early trading session, the Sensex and Nifty commenced the day on a slightly weaker note, experiencing declines of 0.25 per cent and 0.2 per cent, respectively. Meanwhile, the Nifty Midcap exhibited a stable opening surging marginally by 0.13 per cent, and the Nifty Smallcap showed strength with a 0.40 per cent gain.

Notably, the India VIX registered a marginal uptick of 3 per cent.

Sectors that gained traction early on include Nifty PSU Bank, Nifty Auto, and Nifty Metal. Conversely, Nifty Media, Nifty Realty, and Nifty Financial Services faced early losses.

Among the top performers within the Nifty 50, Tata Motors, Coal India, and HCL Technologies made significant gains. In contrast, Divi’s Laboratories, Nestle India, and Asian Paints struggled early in the trading session.

Overall market sentiment appeared positive, with approximately 1212 stocks advancing compared to 723 stocks declining, reflecting a favourable mood in the broader market.

Pre-Market Update at 8:50 AM: On Friday, the S&P 500 and the Nasdaq closed lower due to weaker consumer sentiment data and concerns about the Middle East conflict, which offset positive earnings from major U.S. banks. While Wall Street opened higher, it retreated after a drop in consumer sentiment. The Dow managed a small gain.

The Dow Jones Industrial Average increased by 0.12 per cent to close at 33,670.29. The S&P 500 declined by 0.50 per cent to close at 4,327.78, and the Nasdaq Composite dropped by 1.23 per cent to close at 13,407.23.

Early on Monday in Asia, oil prices experienced a decline, reversing the upward trend observed last Friday. This reversal was attributed to investor anticipation concerning the potential expansion of the Israel-Hamas conflict involving other nations, which could lead to further price increases and pose an additional challenge to the global economy. Specifically, Brent futures dropped by 36 cents, representing a 0.4 per cent decrease, bringing the price per barrel to USD 90.53.

The trends in GIFT Nifty suggest that the benchmark indices in India is poised to open with a relatively stable to slightly positive performance, showing an uptick of 30 points, equivalent to 0.15 percent. The Nifty futures are currently hovering around the 19,734.50 mark.

On October 13, foreign institutional investors (FII) bought shares worth Rs 317.01 crore, while domestic institutional investors (DII) sold shares worth Rs 102.88 crore.

Stocks that are banned for trading in the F&O segment on October 16, 2023, are BALRAMCHIN, BHEL, DELTACORP, HINDCOPPER, IBULHSGFIN, INDIACEM, L&TFH, MANAPPURAM, PNB, SAIL and SUNTV.