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

On July 17, foreign institutional investors (FII) bought shares worth Rs 73 crore, while domestic institutional investors (DII) purchased shares worth Rs 64.34 crore.

Market Update at 4:00 PM: Sensex and Nifty surged by 0.31 per cent and 0.19 per cent respectively.

Nifty Midcap and Nifty Smallcap have plunged by 0.14 per cent and 0.94 per cent respectively.

India VIX has surged by 3.45 per cent.

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

Infosys, Asian Paints and HCL Tech were among the top gainers while LTIMindtree, HDFC Life and Britannia were among the top losers from the Nifty 50.

About 706 stocks were advancing as against to 1233 stocks that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 11:50 AM: Sensex trades higher by 0.15 per cent while Nifty trads higher by 0.11 per cent.

Nifty Midcap trades lower by 0.38 per cent while Nifty Smallcap plunges by 1.03 per cent.

India VIX has surged by 4.06 per cent.

Nifty Energy, Nifty Bank and Nifty IT are among the top gainers while Nifty Pharma, Nifty PSU Bank and Nifty Media are among the top losers.

Infosys, ONGC and Hero Motocorp are among the top gainers while LTIMindtree, HDFC Life and Divi's Laboratories are among the top losers from the Nifty 50.

About 1165 stocks are advancing as against to 747 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:30 AM: Sensex opens at its new all-time high level of 66,985 after gaining more than 0.44 per cent. Similarly, Nifty also opened at its all-time high level of 19,811 after surging more than 0.37 per cent.

Nifty Midcap trades flate while Nifty Smallcap has plunged by 0.12 per cent each.

India VIX has surged by 4.06 per cent.

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

HDFC Bank, Infosys and Apollo Hospitals are among the top gainers while LTIMindtree, Bharti Airtel and Titan are among the top losers from the Nifty 50.

About 1165 stocks are advancing as against to 747 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 7:40 AM: US stocks traded positively on Monday, driven by expectations of strong corporate earnings, while global shares and the dollar remained stable. China reported slower-than-expected growth, indicating a slowdown in its post-Covid recovery. However, concerns of a US economic decline have eased as consumer inflation slows down. The Dow Jones Industrial Average and the S&P 500 rose by 0.22 per cent and 0.39 per cent respectively. Similarly, the Nasdaq Composite surged by 0.93 per cent.

Oil prices rebounded slightly on Tuesday, recovering from the previous session's decline prompted by lower-than-anticipated economic growth in China. Investors are now closely monitoring the possibility of tighter U.S. crude supplies. Brent crude saw a modest increase of 11 cents, reaching USD 78.61 per barrel.

On Tuesday, the GIFT Nifty suggests a steady opening for the Benchmark indices, showing a modest increase of 6 points. The futures are recorded at 19,785.50.

On July 17, foreign institutional investors (FII) bought shares worth Rs 73 crore, while domestic institutional investors (DII) purchased shares worth Rs 64.34 crore.

Stocks that are banned for trading in the F&O segment on July 18, 2023, are Delta Corp, Indiabulls Housing Finance, RBL Bank and Manappuram.