Market Wrap: Benchmark indices close on a higher note while Nifty Auto outperforms!

On Friday, Benchmark indices concluded the trading day on a positive note as Sensex closed moderately higher by 0.52 per cent concluding at 72,426.64 level, while Nifty also surged by 0.59 per cent and closed at 22,040.70 level.

Market Update at 3:40 PM: On Friday, Benchmark indices concluded the trading day on a positive note as Sensex closed moderately higher by 0.52 per cent concluding at 72,426.64 level, while Nifty also surged by 0.59 per cent and closed at 22,040.70 level. Similarly, the Broader market also experienced moderate gains as Nifty Midcap closed higher by 0.64 per cent, while Nifty Smallcap soared by 0.55 per cent.

Market volatility, as indicated by India VIX, has marginally declined by 0.02 per cent, reflecting a slight decrease in market volatility.

Nifty Auto, Nifty Pharma, Nifty Realty and Nifty IT were among the top gainers while Nifty Energy and Nifty PSU Bank were among the top losers.

Wipro, M&M and SBI Life were among the top gainers while Power Grid, ONGC and SBI were among the top losing stocks from the Nifty 50.

About 1389 stocks were advancing as against to 831 stocks that were declining, thus indicating an optimistic sentiment in the broader market.

Market Update at 2:25 PM: In the current trading session benchmark indices trade on a higher note with the Sensex surging by 0.53 per cent, while Nifty gained by 0.62 per cent. Whereas, in the broader indices Nifty Midcap surged by 0.64 per cent, while Nifty Smallcap soared by 0.84 per cent.

India VIX is currently trading marginally lower by 0.64 per cent, indicating a slight increase in market volatility.

Nifty Auto, Nifty Pharma and Nifty Realty are among the top gainers, while Nifty Energy is the only major sector which is underperforming.

BPCL, Coal India and SBI are among the top gainers while Hindalco, UPL and ITC are among the top losing stocks from the Nifty 50.

About 1460 stocks are advancing as against to 767 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:40 PM: In the current trading session benchmark indices trade on a higher note with the Sensex surging by 0.49 per cent, while Nifty gained by 0.58 per cent. Whereas, in the broader indices Nifty Midcap surged by 0.58 per cent, while Nifty Smallcap surged by 0.63 per cent.

India VIX is currently trading marginally higher by 1.03 per cent, indicating a slight increase in market volatility.

European stocks may open on a firm note on Friday after stocks on Wall Street set another record overnight following a mixed set of data on the economy. European futures, DAX trades lower by 0.07 per cent while, FTSE and CAC trades higher by 0.51 per cent, 0.56 per cent respectively.

Nifty Auto, Nifty Pharma and Nifty PSU Bank are among the top gainers, while Nifty Energy is the only major sector which is underperforming.

BPCL, SBI and Coal India are among the top gainers while Hindalco, UPL and ITC are among the top losing stocks from the Nifty 50.

About 1487 stocks are advancing as against to 728 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:11 AM: In the ongoing trading session, benchmark indices are trading on a positive note, with Sensex trading higher by 0.52 while Nifty is showing a gain of 0.58 per cent. Similarly, in the broader indices Nifty Midcap experience a moderate gain of 0.47 per cent, while Nifty Smallcap soared by 0.69 per cent.

India VIX is trading marginally higher by 1.72 per cent, indicating a slight increase in market volatility.

Noteworthy gainers include Nifty Auto, Nifty Pharma and Nifty Metal, while Nifty Energy is the only major sector which is currently underperforming.

Top gainers in individual stocks are BPCL, SBI and Coal India, whereas Hindalco, ITC and UPL are among the leading losers in the Nifty 50.

The broader market sentiment has turned positive, with 1545 stocks advancing compared to 649 declining.

Market Update at 9:35 AM: On Friday, Indian markets initiated the trading day on a positive note with the Sensex opening moderately higher by 0.37 per cent, while Nifty also opened higher by 0.4 per cent. Similarly, Nifty Midcap opened higher by 0.48 per cent, while Nifty Smallcap opened substantially higher by 0.87 per cent.

India VIX has marginally declined by 0.96 per cent, indicating a slight decrease in market volatility.

Nifty Auto, Nifty Media and Nifty PSU Bank are among the top gainers while Nifty Realty and Nifty FMCG are among the top losers.

BPCL, Tata Motors and M&M are among the top gainers while ONGC, Apollo Hospitals and Power Grid are among the top losing stocks from the Nifty 50.

About 1682 stocks are advancing as against to 392 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:00 AM: US equities concluded Thursday with gains, spurred by weaker-than-anticipated retail sales data, fuelling expectations of forthcoming interest rate cuts by the Federal Reserve. The S&P 500 index advanced 29.05 points (0.58 per cent) to close at 5,029.67, the Nasdaq Composite climbed 47.03 points (0.30 per cent) to reach 15,906.17, and the Dow Jones Industrial Average surged 350.07 points (0.91 per cent) to finish at 38,774.73.

The GIFT Nifty trends suggest a favourable opening for the benchmark indices, showing an increase of 62.50 points or 0.28 per cent. Nifty futures were observed trading near the 22,090.50 level.

On Thursday, oil prices climbed more than 1 per cent following a decline in the dollar triggered by U.S. retail data, albeit investors remained cautious due to an International Energy Agency (IEA) report indicating slowing demand growth this year.

Brent crude futures concluded USD 1.26 higher, representing a 1.5 per cent increase, settling at USD 82.86 per barrel. Meanwhile, US West Texas Intermediate crude futures saw a rise of USD 1.39, or 1.8 per cent, reaching USD 78.03.

On February 15, 2024, foreign institutional investors (FII) offloaded shares worth Rs 3,064.15 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,276.93 crore.

Stocks that are banned for trading in the F&O segment on February 16, 2024, are ABFRL, ASHOKLEY, BALRAMCHIN, BANDHANBNK, BIOCON, CANBK, DELTACORP, HINDCOPPER, INDIACEM, INDUSTOWER, SAIL and ZEEL.