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

On Friday Benchmark indices concluded the trading day on a higher note with Sensex and Nifty closing with gains of 0.5 per cent and 0.47 per cent, respectively, showcasing a positive finish to the trading session.

Market Update at 3:40 PM: On Friday Benchmark indices concluded the trading day on a higher note with Sensex and Nifty closing with gains of 0.5 per cent and 0.47 per cent, respectively, showcasing a positive finish to the trading session. Moreover, the Nifty Midcap has performed exceptionally well, concluding with a substantial gain of 0.95 per cent, while the Nifty Smallcap has also closed higher, recording a 0.61 per cent increase.

In contrast, there has been a notable decline of 0.83 per cent in the India VIX, indicating reduced market volatility.

Among the top-performing sectors, Nifty Realty, Nifty Energy, and Nifty Financial Services have emerged as the leading gainers, displaying strength in their performance. Conversely, Nifty Media, Nifty Pharma, and Nifty FMCG have faced declines.

Analysing individual stocks within the Nifty 50 index, Coal India, NTPC, and BPCL have emerged as the top gainers, while Eicher Motors, UPL, and Apollo Hospitals are among the top losers.

Overall, the market sentiment has leaned slightly positive, with approximately 1040 stocks advancing compared to 961 stocks declining, reflecting a relatively optimistic outlook in the broader market.

Market Update at 2:20 PM: In the latest market developments, the Sensex and Nifty have both shown substantial gains, rising by 0.66 per cent and 0.65 per cent, respectively. Furthermore, the Nifty Midcap has displayed remarkable strength, surging by an impressive 0.9 per cent, while the Nifty Smallcap has also posted solid gains, increasing by 0.72 per cent.

In contrast, India VIX has witnessed a slight surge of 0.64 per cent, suggesting a slight increase in market volatility.

Among the top-performing sectors, Nifty Realty, Nifty Energy, and Nifty Financial Services are leading the charge, demonstrating robust performance. On the other hand, Nifty Media, Nifty Pharma, and Nifty FMCG are among the top losers.

Individual stocks within the Nifty 50 index reveal NTPC, BPCL, and Coal India as the top gainers, whereas Eicher Motors, ITC, and Dr. Reddy's Laboratories are among the top losers.

Overall, market sentiment remains highly positive, with approximately 1166 stocks advancing compared to 840 stocks declining, underscoring a bullish sentiment in the broader market.

Market Update at 12:40 PM: In the latest market developments, the Sensex and Nifty have both demonstrated a strong upward trend, with gains of 0.51 per cent and 0.52 per cent, respectively. Moreover, the Nifty Midcap has shown remarkable strength, surging by 0.78 per cent, while the Nifty Smallcap has also posted significant gains, rising by 0.65 per cent.

Meanwhile, European markets are gearing up for a positive opening on Friday, as they aim to break a streak of seven consecutive sessions of losses. European futures, including DAX, FTSE, and CAC, are trading higher by 0.36 per cent, 0.15 per cent, and 0.22 per cent, respectively.

India VIX has experienced a notable decline of 2.12 per cent, indicating reduced market volatility.

Among the top-performing sectors, Nifty Realty, Nifty Energy, and Nifty Financial Services are leading the way, showcasing strength in their performance. Conversely, Nifty Pharma, Nifty FMCG, and Nifty Media are among the top losers.

Looking at individual stocks within the Nifty 50 index, NTPC, L&T, and Coal India have emerged as top gainers, while Eicher Motors, ITC, and Dr. Reddy's Laboratories are among the top losers.

Overall, market sentiment remains positive, with approximately 1159 stocks advancing compared to 837 stocks declining, signifying an optimistic outlook in the broader market.

Market Update at 11:10 AM: In the latest market developments, the Sensex and Nifty have both shown gains, increasing by 0.14 per cent and 0.11 per cent, respectively. Additionally, the Nifty Midcap has performed impressively, surging by 0.61 per cent, while the Nifty Smallcap has also posted notable gains, rising by 0.52 per cent.

However, there has been a decline of 2.85 per cent in India VIX, indicating a decrease in market volatility.

Among the top-performing sectors, Nifty Realty, Nifty Energy, and Nifty Auto stand out as gainers, demonstrating strength in their performance. In contrast, Nifty Pharma, Nifty Metal, and Nifty FMCG are among the top losers.

Individual stock movements within the Nifty 50 index show NTPC, L&T, and Bajaj Finserv as the top gainers, while Hindalco, JSW Steel, and Apollo Hospitals have faced declines.

Overall market sentiment remains positive, with approximately 1181 stocks advancing compared to 796 stocks declining, reflecting a generally optimistic outlook in the broader market.

Market Update at 9:35 AM: In the opening moments of the trading session, the Sensex and Nifty have both started on a positive note, with gains of 0.31 per cent and 0.29 per cent, respectively. Furthermore, the Nifty Midcap has exhibited a robust opening, surging by 0.49 per cent, while the Nifty Smallcap has opened even stronger, marking an impressive gain of 0.71 per cent.

Interestingly, India VIX, an indicator of market volatility, has declined by 0.37 per cent, suggesting reduced market turbulence.

Among the top-performing sectors, Nifty Media, Nifty Realty, and Nifty Energy stand out as gainers, showcasing early strength. While currently there are no major sectors underperforming

Within the Nifty 50 index, notable gainers include L&T, NTPC, and Bajaj Finserv, while Hindalco, Coal India, and SBI Life are among the top losers.

The broader market sentiment is notably positive, with approximately 1450 stocks advancing compared to 386 stocks declining, indicating an overall optimistic outlook in the market.

Pre-Market Update at 7:55 AM: The Nasdaq Composite declined for the fourth consecutive session on Thursday due to renewed concerns about the Federal Reserve's interest rate decisions for the rest of the year. The Nasdaq, primarily tech-focused, dropped by 0.89 per cent to close at 13,748.83 points, and the S&P 500 also slipped by 0.32 per cent to end at 4,451.14 points. However, the Dow Jones Industrial Average bucked the trend, gaining 57.54 points to settle at 34,500.73 points.

Oil prices declined on Thursday due to uncertainty about China's economic outlook, which outweighed the anticipated impact of extended supply cuts in Saudi Arabia and Russia. Brent crude futures dropped by 0.2 per cent, settling at USD 90.42 per barrel. Concurrently, the Dollar index saw a modest gain of 0.09 per cent in futures, reaching 104.95, while the exchange rate for one dollar remained near Rs 83.16.

The GIFT Nifty suggests a slightly positive opening for the benchmark indices, showing a modest uptick of 24 points. GIFT Nifty futures reached 19,786 points, reaching a peak at 19,803 points.

On September 7, foreign institutional investors (FII) offloaded shares worth Rs 758.55 crore, while domestic institutional investors (DII) bought shares worth Rs 28.11 crore.

Stocks that are banned for trading in the F&O segment on September 08, 2023, are Balrampur Chini Mills, BHEL, Delta Corp, Hind Copper, Indiabulls Housing Finance, India Cements, Mannapuram, PNB and SAIL.