Market Wrap: Benchmark indices close on a higher note while Nifty Realty surged over 1 per cent!

On Tuesday, Benchmark indices concluded the trading day on a positive note as Sensex closed moderately higher by 0.42 per cent concluding at 73,095.22 level, while Nifty also surged by 0.34 per cent and closed at 22,198.35 level.

Market Update at 3:50 PM: On Tuesday, Benchmark indices concluded the trading day on a positive note as Sensex closed moderately higher by 0.42 per cent concluding at 73,095.22 level, while Nifty also surged by 0.34 per cent and closed at 22,198.35 level. Whereas the Broader market experienced mixed performance as Nifty Midcap closed lower by 0.12 per cent, while Nifty Smallcap surged by 0.28 per cent.

Market volatility, as indicated by India VIX, has marginally surged by 0.82 per cent, reflecting slight increase in market volatility.

Nifty Realty, Nifty IT and Nifty Auto were among the top gainers while Nifty Media, Nifty PSU Bank and Nifty Financial Services were among the top losers.

Tata Motors, TCS and Indusind Bank were among the top gainers while Hero Motocorp, Bajaj Finance and SBI were among the top losing stocks from the Nifty 50.

About 895 stocks were advancing as against to 1356 stocks that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:15 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading moderately higher by 0.31 per cent, while Nifty also trades higher by 0.18 per cent. Whereas, in the broader indices Nifty Midcap plunged by 0.4 per cent, while Nifty Smallcap surged by 0.09 per cent.

India VIX is currently trading higher by 0.9 per cent, indicating an increase in market volatility.

Nifty Realty, Nifty IT and Nifty Bank are among the top gainers, while Nifty PSU Bank, Nifty Energy and Nifty FMCG are among the top losers.

TCS, Tata Motors and HDFC Life are among the top gainers while SBI, Hero Motocorp and Divi’s Laboratories are among the top losing stocks from the Nifty 50.

About 822 stocks are advancing as against to 1419 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:35 PM: In the current trading session benchmark indices trade on a higher note with the Sensex surging by 0.17 per cent, while Nifty also gained by 0.13 per cent. Similarly in the broader indices Nifty Midcap has gained by 0.17 per cent, while Nifty Smallcap has moderately surged by 0.51 per cent.

India VIX is currently trading marginally lower by 0.03 per cent, indicating a slight decrease in market volatility.

European markets are heading for a negative open on Tuesday following their global counterparts lower. European futures DAX, CAC and FTSE trade lower by 0.12 per cent, 0.19 per cent and 0.17 per cent respectively.

Nifty Realty, Nifty IT and Nifty Pharma are among the top gainers, while Nifty Bank, Nifty Financial Services and Nifty Energy are among the top losers.

TCS, HDFC Life and Power Grid are among the top gainers while Hero Motocorp, Adani Ports and Adani Enterprises are among the top losing stocks from the Nifty 50.

About 1067 stocks are advancing as against to 1177 stocks that are declining, thus indicating a slight negative sentiment in the broader market.

Market Update at 11:15 AM: In the ongoing trading session, benchmark indices are trading on a higher note, with Sensex trading marginally higher by 0.14 per cent while Nifty trades higher by 0.1 per cent. Similarly, in the broader indices Nifty Midcap experienced a moderate gain of 0.23 per cent, while Nifty Smallcap trades positively by 0.52 per cent.

India VIX is trading higher by 0.5 per cent, indicating an increase in market volatility.

Noteworthy gainers include Nifty Realty, Nifty IT and Nifty Metal, while Nifty Bank and Nifty Financial Services are among the top losers.

Top gainers in individual stocks are HDFC Life, TCS and Power Grid, whereas Axis Bank, UPL and Bajaj Finance are among the leading losers in the Nifty 50.

The broader market sentiment is slightly negative, with 1157 stocks advancing compared to 1063 declining.

Market Update at 9:30 AM: On Tuesday, Indian markets initiated the trading day on a positive note with Sensex opening marginally higher by 0.01 per cent, while Nifty also opened higher by 0.03 per cent. Similarly in the broader indices Nifty Midcap opened moderately higher by 0.23 per cent, while Nifty Smallcap also opened moderately higher by 0.55 per cent.

India VIX has marginally surged by 1.63 per cent, indicating a marginal increase in market volatility.

Nifty IT, Nifty Realty and Nifty Metal are among the top gainers while Nifty Financial Services, Nifty Bank and Nifty Energy are among the top losers.

TCS, Cipla and Grasim are among the top gainers while Axis Bank, ONGC and Bharti Airtel are among the top losing stocks from the Nifty 50.

About 1264 stocks are advancing as against to 794 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 7:50 AM: US equities closed with marginal declines on Monday, as attention turned from last week's surge driven by artificial intelligence (AI) to forthcoming economic indicators that could influence the timing of the anticipated interest rate adjustment by the Federal Reserve.

The upcoming release of January's personal consumption expenditures price index (PCE), the Fed's preferred measure of inflation, on Thursday, could temper recent optimism if the data suggests that inflationary pressures are not abating quickly enough.

The Dow Jones Industrial Average retreated 62.30 points, or 0.16 per cent, to 39,069.23. The S&P 500 edged down 19.27 points, or 0.38 per cent, closing at 5,069.53, while the Nasdaq Composite slipped 20.57 points, or 0.13 per cent, to 15,976.25.

The current trends in the GIFT Nifty point towards a robust opening for the benchmark indices, with an increase of 74.50 points or 0.34 per cent. The Nifty futures were observed trading around the 22,165.50 level.

In early Asian trading on Monday, oil prices edged higher for the third consecutive day, buoyed by concerns over supply disruptions in shipping.

Brent crude futures advanced by 16 cents, or 0.2 per cent, reaching USD 82.69 a barrel, while U.S. West Texas Intermediate crude futures (WTI) rose by 15 cents, or 0.2 per cent, reaching USD 77.73 a barrel.

Both benchmarks had recorded gains of more than 1 per cent in the previous session.

On February 26, 2024, foreign institutional investors (FII) offloaded shares worth Rs 285.15 crore, while domestic institutional investors (DII) sold shares worth Rs 5.33 crore.

Stocks that are banned for trading in the F&O segment on February 27, 2024, are ABFRL, BALRAMCHIN, CANBK, SAIL and ZEEL.