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

In the latest market developments, the benchmark indices closed Friday's trading session on a positive note. The Sensex and Nifty exhibited substantial gains of 0.45 per cent and 0.48 per cent, respectively.

Market Update on 3:35 PM: In the latest market developments, the benchmark indices closed Friday's trading session on a positive note. The Sensex and Nifty exhibited substantial gains of 0.44 per cent and 0.51 per cent, respectively. Simultaneously, the broader indices, comprising the Nifty Midcap and Nifty Smallcap, also concluded with strong advances, recording increases of 0.7 per cent and 1.21 per cent, respectively.

Market volatility has taken a nosedive, with the India VIX plummeting by 1.42 per cent, signalling a reduction in market turbulence.

The standout sectors for the day included Nifty Realty, Nifty Bank, and Nifty Media, all posting noteworthy gains, while no major sectors exhibited underperformance.

Among individual stocks, Apollo Hospitals, Adani Ports, and Eicher Motors secured top positions among gainers, whereas Bajaj Finance, SBI Life, and Dr Reddy's Laboratories faced declines within the Nifty 50.

A positive sentiment prevailed in the broader market, with approximately 1,347 advancing stocks compared to 678 stocks in decline, highlighting a favourable outlook in the broader market.

Market Update at 2:20 PM: In the latest market developments, the Sensex and Nifty are maintaining their upward trajectory, with gains of 0.56 per cent and 0.63 per cent, respectively. Additionally, the Nifty Midcap and Nifty Smallcap segments are demonstrating robust performance, trading significantly higher with increases of 0.71 per cent and 1.24 per cent, respectively.

Market volatility is on the decline, as the India VIX has experienced a notable drop of 3.09 per cent, indicating reduced turbulence in the market.

Top-performing sectors of the day include Nifty Media, Nifty Realty, and Nifty Bank, with no major sectors currently underperforming.

Within the domain of individual stocks, Apollo Hospitals, Eicher Motors, and Adani Ports are among the leaders in terms of gains. In contrast, Dr. Reddy’s Laboratories, SBI Life, and Bajaj Finserv are prominent decliners within the Nifty 50.

The broader market sentiment remains positive, with approximately 1,455 stocks advancing compared to 588 stocks in decline, underlining an optimistic outlook in the broader market.

Market Update at 12:30 PM: In the latest market developments, the Sensex and Nifty continue their ascent, recording gains of 0.55 per cent and 0.6 per cent, respectively. Meanwhile, the Nifty Midcap and Nifty Smallcap segments are outperforming, exhibiting notable increases of 0.74 per cent and 1.2 per cent, respectively.

Market volatility is diminishing, as the India VIX has experienced a significant drop of 2.78 per cent, signifying reduced turbulence in the market.

Looking beyond the domestic market, European markets are poised for a positive opening on Friday. European futures, including DAX, FTSE, and CAC, are trading higher by 0.45 per cent, 0.12 per cent, and 0.41 per cent, respectively.

Top-performing sectors of the day include Nifty Media, Nifty Realty, and Nifty Auto, with no major sectors currently underperforming.

Within the realm of individual stocks, Apollo Hospitals, Tata Motors, and Adani Ports are among the leading gainers. In contrast, Dr Reddy’s Laboratories, SBI Life, and Bajaj Finance are prominent decliners within the Nifty 50.

The broader market sentiment remains optimistic, with approximately 1,525 stocks advancing compared to 491 stocks in decline, highlighting a favourable outlook in the broader market.

Market Update at 11:20 AM: In the latest market developments, the Sensex and Nifty are demonstrating resilience, with gains of 0.63 per cent and 0.71 per cent, respectively. Furthermore, the Nifty Midcap and Nifty Smallcap segments are showing robust performance, trading significantly higher with increases of 0.79 per cent and 1.2 per cent, respectively.

The India VIX has dropped by 3.52 per cent, indicating a decrease in market turbulence.

Prominent sectors experiencing gains include Nifty Media, Nifty Realty, and Nifty PSU Bank, with no major sectors underperforming at this time.

Among individual stocks, Apollo Hospitals, Tata Motors, and Eicher Motors are leading the gainers, while Dr Reddy’s Laboratories, SBI Life, and NTPC are among the top decliners within the Nifty 50.

The broader market sentiment remains positive, with approximately 1,541 stocks advancing compared to 451 stocks declining, underscoring an overall optimistic outlook in the broader market.

Market Update at 9:30 AM: At the commencement of Friday's trading session, the Sensex and Nifty displayed moderate gains, opening higher by 0.57 per cent and 0.6 per cent, respectively. Additionally, the Nifty Midcap recorded a 0.54 per cent increase, while the Nifty Smallcap exhibited a more substantial opening surge of 1.1 per cent.

In terms of market volatility, the India VIX experienced a modest drop of 2.78 per cent, indicating a slight decrease in market turbulence.

Prominent sectors that registered gains include Nifty IT, Nifty Pharma, and Nifty Auto, with no major sectors underperforming at the moment.

Within the realm of individual stocks, Apollo Hospitals, Adani Enterprises, and Tata Motors were among the top gainers. Conversely, Tata Steel, SBI Life, and NTPC faced declines.

The broader market sentiment remained positive, as approximately 1,549 stocks advanced compared to 319 stocks that declined, highlighting an optimistic outlook in the broader market.

Pre-Market Update at 7:55 AM: Nasdaq 100 futures experienced a decline on Thursday night following the release of Apple's latest Quarterly Results. Futures associated with the tech-heavy index decreased by 0.3 per cent, while S&P 500 futures dipped by 0.1 per cent. Meanwhile, futures linked to the Dow Jones Industrial Average retreated by 19 points, representing a 0.06 per cent decrease.

During the regular trading session on Thursday, there was a widespread rally in the stock market as Treasury yields pulled back. The S&P 500 recorded its most impressive performance since April, with a 1.9 per cent increase, while the Dow had its best day since June, gaining 1.7 per cent. The Nasdaq Composite also had its most remarkable day since July, posting a rise of approximately 1.8 per cent.

The GIFT Nifty signals a slight downturn for the benchmark indices, showing a decrease of 14.5 points. GIFT Nifty futures settled at 19,345 points, following a peak at 19,369 points.

On Thursday, oil prices surged by 1 per cent, halting a three-day decline, as renewed risk appetite pervaded the financial markets following the US Federal Reserve's decision to maintain its benchmark interest rates. Brent crude futures experienced a substantial increase of USD 1.77, equivalent to 2.1 per cent, reaching USD 86.43 per barrel.

This upturn in oil prices aligned with the broader rally in financial assets triggered by the Fed's decision to keep its benchmark interest rate steady within the range of 5.25 per cent to 5.50 per cent during its recent meeting on Wednesday.

The Dollar index in futures recorded a slight 0.06 per cent decrease, settling at 106.37, while the exchange rate for one US dollar remained approximately at Rs 83.09.

On November 02, 2023, foreign institutional investors (FII) offloaded shares worth Rs 1,261.19 crore, while domestic institutional investors (DII) purchased shares worth Rs 1,380.15 crore.

Stock that is banned for trading in the F&O segment on November 03, 2023, is GNFC.