Market Wrap: Benchmark indices close on a flat note with Nifty Metal among the top gainers!

Sensex fell by 0.02 per cent and closed at 84,914.04, while Nifty rose by 0.05 per cent and closed at 25,950.85 level.

Market Update at 3:35 PM: On Tuesday, Benchmark indices concluded the trading day on a flat note as Sensex fell by 0.02 per cent and closed at 84,914.04, while Nifty rose by 0.05 per cent and closed at 25,950.85 level. Similarly, the Broader market, Nifty Midcap closed higher by 0.23 per cent at 60,850.80, while Nifty Smallcap closed lower by 0.56 per cent and closed at 19,440.05.

Market volatility, as indicated by India VIX, declined by 3.12 per cent and is trading at the level of 13.36 reflecting a fall in market volatility.

Within the sectoral landscape, Nifty Metal, Nifty Energy and Nifty IT emerged as Top Gainers, while Nifty PSU Bank, Nifty FMCG and Nifty Realty are the sectors which underperformed.

TATASTEEL, HINDALCO, and POWERGRID were among the top gainers while on the other hand SBILIFE, HINDUNILVR, and ULTRACEMCO were among the Top Losers.

About 1,129 stocks were advancing as against to 1,248 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:55 PM: In the current trading session benchmark indices have slightly gained with Sensex trading higher by 0.08 per cent while Nifty trading higher by 0.07 per cent. Similarly, in the broader indices Nifty Midcap rose by 0.10 per cent, while Nifty Smallcap declined by 0.32 per cent trading around 19,485.

India VIX slightly declined by 0.94 per cent and is trading around the mark of 13.66 indicating a slight fall in market volatility.

European stocks are expected to open in mixed territory on Tuesday as economic uncertainty and concerns over Europe’s growth outlook return to the fore. European Futures; DAX (+0.81 per cent); CAC (+1.07 per cent); FTSE (+0.62 per cent)

Within the sectoral landscape Nifty Metal, Nifty Energy and Nifty MID SELECT are among the top gainers while Nifty FMCG, Nifty Realty, and Nifty PSU Bank are the sectors which are underperforming.

TATASTEEL, POWERGRID, and HINDALCO are among the top gainers within the Nifty 50 while, HINDUNILVR, ULTRACEMCO, and GRASIM are among the top losers.

About 1,237 stocks are advancing as against to 1,169 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:30 AM: On Tuesday, Indian markets opened on a flat note, with both Nifty and Sensex showing minimal movement. Nifty Metal led the gains, while Nifty IT was the biggest laggard.

The Sensex remained flat, down by 0.01 per cent, hovering around 84,920, and Nifty also saw a slight dip of 0.02 per cent, trading near 25,930. However, the broader market performed better, with the Nifty Midcap rising by 0.23 per cent to approximately 60,840, and the Nifty Smallcap gaining 0.18 per cent, trading near 19,580.

India VIX rose by 0.65 per cent and is trading at 13.88, indicating a slight rise in market volatility.

Within the sectoral landscape Nifty Metal, Nifty Energy, and Nifty Pharma are among the top gainers while Nifty IT, Nifty Realty, and Nifty PSU Bank are the sectors which are underperforming.

TATASTEEL, JSWSTEEL, and HINDALCO are among the top gainers within the Nifty 50 while INFY, BAJFINANCE, and HINDUNILVR are among the top losers.

About 1,387 stocks are advancing as against to 891 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 7:55 AM: On Monday, gains in the Dow Jones Oil & Gas, Consumer Goods, and Basic Materials sectors pushed shares higher. By the close, the Dow Jones Industrial Average rose by 0.15 per cent, reaching a new all-time high.

The S&P 500 gained 0.28 per cent, while the NASDAQ Composite increased by 0.14 per cent. The yield on the US 10-year Treasury gained 76 basis points to 3.74 per cent, while the US 2-year bond yield gained 27 basis points, settling at 3.59 per cent

The GIFT Nifty is showing an upward trend, signaling a positive opening for the day. Nifty futures are currently trading at 26,045.00.

Oil prices dropped on Monday, as concerns over demand grew due to weak business activity in the euro zone and a sluggish Chinese economy.

Brent crude for November delivery fell by 59 cents, or 0.8 per cent, to $73.90 a barrel, while U.S. crude for November declined by 63 cents, or 0.9 per cent, to $70.37 a barrel.

On September 23, 2024, foreign institutional investors (FII) bought shares worth Rs 404 crore, while domestic institutional investors (DII) bought shares worth Rs 1,022 crore.

Stocks that are banned for trading in the F&O segment on September 24, 2024, are AARTIIND, ABFRL, BIOCON, CHAMBLFERT, GNFC, GRANULES, IDEA, LICHSGFIN, NATIONALUM, OFSS, PNB, SAIL.

Disclaimer: The article is for informational purposes only and not investment advice.