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

On Friday, Frontline indices concluded the trading day on a higher note as Sensex closed moderately higher by 0.23 per cent concluding at 71,595.49 level, while Nifty also surged by 0.3 per cent and closed at 21,782.50 level.

Market Update at 3:40 PM: On Friday, Frontline indices concluded the trading day on a higher note as Sensex closed moderately higher by 0.23 per cent concluding at 71,595.49 level, while Nifty also surged by 0.3 per cent and closed at 21,782.50 level. Similarly, the Broader market also experienced a major decline as Nifty Midcap closed substantially lower by 1.34 per cent, while Nifty Smallcap plummeted by 1.7 per cent.

Market volatility, as indicated by India VIX, has declined by 3.22 per cent, reflecting a decrease in market volatility.

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

Grasim, SBI and Apollo Hospital were among the top gainers while M&M, ONGC and Bharti Airtel were among the top losing stocks from the Nifty 50.

About 702 stocks were advancing as against to 1505 stocks that were declining, thus indicating a pessimistic sentiment in the broader market.

Market Update at 2:15 PM: In the current trading session benchmark indices trade on a higher note with the Sensex surging by 0.08 per cent, while Nifty surged by 0.12 per cent. Whereas, in the broader indices Nifty Midcap plunged by 1.52 per cent, while Nifty Smallcap plummeted by 1.87 per cent.

India VIX is currently trading marginally lower by 0.76 per cent, indicating a slight decrease in market volatility.

Nifty Bank, Nifty Pharma and Nifty FMCG are among the top gainers, while Nifty Metal, Nifty Realty and Nifty Energy are among the top losers.

Grasim, Apollo Hospitals and Sun Pharma are among the top gainers while ONGC, M&M and Hindalco are among the top losing stocks from the Nifty 50.

About 598 stocks are advancing as against to 1650 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 marginally surging by 0.12 per cent, while Nifty surged by 0.13 per cent. Whereas, in the broader indices Nifty Midcap plunged by 1.45 per cent, while Nifty Smallcap plummeted by 1.71 per cent.

India VIX is currently trading marginally higher by 0.13 per cent, indicating a slight increase in market volatility.

European stocks are heading for a mixed open on Friday as investors watch the latest batch of earnings and digest policymarkers remarks on interest rates. European futures, DAX and FTSE trades higher by 0.05 and 0.17 per cent respectively, while CAC trades lower by 0.29 per cent.

Nifty Bank, Nifty Pharma and Nifty FMCG are among the top gainers, while Nifty Metal, Nifty Media and Nifty Realty are among the top losers.

Grasim, Sun Pharma and ICICI Bank are among the top gainers while ONGC, Coal India and Hindalco are among the top losing stocks from the Nifty 50.

About 536 stocks are advancing as against to 1739 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 11:10 AM: In the ongoing trading session, benchmark indices are trading on a negative note, with Sensex trading lower by 0.16 and Nifty is showing a decline of 0.3 per cent. Similarly, in the broader indices Nifty Midcap experience major decline of 2.4 per cent, while Nifty Smallcap plummeted by 2.74 per cent.

India VIX is trading marginally higher by 1.37 per cent, indicating a slight increase in market volatility.

Noteworthy gainers include Nifty Bank and Nifty FMCG, while Nifty Metal, Nifty Media and Nifty PSU Bank are among the top losers.

Top gainers in individual stocks are ICICI Bank, ITC and Sun Pharma, whereas Coal India, ONGC and BPCL are among the leading losers in the Nifty 50.

The broader market sentiment has turned negative, with 313 stocks advancing compared to 908 declining.

Market Update at 9:40 AM: On Friday, Indian markets initiated the trading day on a positive note with the Sensex opening marginally higher by 0.04 per cent, while Nifty also opened higher by 0.01 per cent. Whereas, Nifty Midcap opened substantially lower by 0.97 per cent, while Nifty Smallcap opened significantly lower by 1.21 per cent.

India VIX has marginally surged by 0.73 per cent, indicating a slight increase in market volatility.

Nifty Bank, Nifty Pharma and Nifty PSU Bank are among the top gainers while Nifty Metal, Nifty Media and Nifty Realty are among the top losers.

Grasim, Bajaj Finance and Hero Motocorp are among the top gainers while BPCL, Hindalco and UPL are among the top losing stocks from the Nifty 50.

About 908 stocks are advancing as against to 1177 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 7:55 AM: On Thursday, Wall Street's primary indices climbed, with the S&P 500 nearing the significant 5,000-point threshold, as investors responded to earnings updates, U.S. jobs data, and observed gains in the U.S. dollar.

The Dow Jones Industrial Average increased by 48.97 points, or 0.13 per cent, reaching 38,726.33. Similarly, the S&P 500 advanced by 2.85 points, or 0.06 per cent, to 4,997.91, while the Nasdaq Composite rose by 37.07 points, or 0.24 per cent, closing at 15,793.72.

The GIFT Nifty trends suggest a subdued beginning for the benchmark indices, with a decline of 52.50 points or 0.24 per cent. Nifty futures were observed trading near the 21,758.50 level.

Oil prices surged over 3 per cent on Thursday amid escalating tensions in the Middle East, following Israel's rejection of a ceasefire offer from Hamas.

Brent futures soared by USD 2.42, or 3 per cent, settling at USD 81.36 per barrel, while US West Texas Intermediate crude jumped by USD 2.36, or 3.2 per cent, reaching USD 76.22. This surge propelled Brent above USD 80 a barrel and pushed WTI above USD 75 a barrel for the first time in February.

On February 08, 2024, foreign institutional investors (FII) offloaded shares worth Rs 4,933.78 crore, while domestic institutional investors (DII) purchased shares worth Rs 5,512.32 crore.

Stocks that are banned for trading in the F&O segment on February 09, 2024, are ASHOKLEY, AUROPHARMA, BALRAMCHIN, BIOCON, DELTACORP, HINDCOPPER, INDIACEM, INDUSTOWER, NATIONALUM, PNB, SAIL and UPL.