Market Wrap: Benchmark indices close on a lower note amidst lower volatility!

In the latest market summary, the Sensex and Nifty concluded the session on a slightly lower note, with declines of 0.19 per cent and 0.22 per cent, respectively.

Market Update at 3:45 PM: In the latest market summary, the Sensex and Nifty concluded the session on a slightly lower note, with declines of 0.19 per cent and 0.22 per cent, respectively.

Similarly, Nifty Midcap recorded a decline of 0.12 per cent, while the Nifty Smallcap plunged by 0.44 per cent.

Furthermore, India VIX saw a drop of 0.47 per cent, reflecting a slight decline in market volatility.

The top-performing sectors included Nifty Auto, Nifty Realty, and Nifty Pharma, while Nifty PSU Bank, Nifty Media, and Nifty Bank were among the top losers in today's session.

Among individual Nifty 50 stocks, Tata Motors, IndusInd Bank, and HCL Technologies stood out as top gainers, while Axis Bank, Infosys, and Adani Enterprises faced losses.

Taking a broader perspective, market sentiment appeared negative, with 924 stocks advancing compared to 1082 stocks declining, reflecting a slight pessimistic outlook in the broader market.

Market Update at 2:15 PM: In the latest market developments, both the Sensex and Nifty have registered marginal declines of 0.1 per cent and 0.05 per cent, respectively, while the Nifty Midcap and Nifty Smallcap segments exhibit mixed trading patterns.

Significantly, the India VIX has seen a notable drop of 1.32 per cent, signalling reduced market volatility.

Among the sectors, Nifty Realty, Nifty Auto, and Nifty FMCG have shown strength as top gainers, whereas Nifty PSU Bank, Nifty IT, and Nifty Metal have faced losses.

Within the Nifty 50 index, Tata Motors, HCL Technologies, and IndusInd Bank stand out as top gainers, while Infosys, Adani Enterprises, and Axis Bank find themselves among the leading losers.

Zooming out to take a broader view, approximately 1077 stocks are advancing, while 935 stocks are declining, indicating a relatively neutral sentiment within the broader market landscape.

Market Update at 12:35 PM: In the latest market developments, both the Sensex and Nifty have experienced declines of 0.43 per cent and 0.42 per cent, respectively, while the Nifty Midcap and Nifty Smallcap segments show a mixed performance.

Notably, the India VIX has seen a substantial drop of 1.60 per cent, indicating reduced market volatility. Meanwhile, European markets are poised for a lower opening on Friday, influenced by fresh US inflation data. European futures, including DAX, CAC, and FTSE, trade lower by 0.35 per cent, 0.36 per cent, and 0.01 per cent, respectively.

Among the sectors, Nifty Realty, Nifty Pharma, and Nifty FMCG emerge as the top gainers, while Nifty IT, Nifty PSU Bank, and Nifty Bank face losses. In terms of individual stocks within the Nifty 50 index, Tata Consumer Product, IndusInd Bank, and HCL Technologies are among the top gainers, while Adani Enterprises, Infosys, and Axis Bank are among the leading losers.

Taking a broader perspective, around 1023 stocks are advancing, in contrast to 986 stocks that are declining, indicating a relatively neutral sentiment across the broader market.

Market Update at 11:25 AM: In the latest market developments, both the Sensex and Nifty have registered declines of 0.55 per cent and 0.51 per cent, respectively, while the Nifty Midcap and Nifty Smallcap segments have maintained a steady, flat trading pattern.

Interestingly, the India VIX has seen a significant drop of 0.85 per cent, reflecting lower market volatility.

Among the sectors, Nifty Realty, Nifty Pharma, and Nifty FMCG stand out as the top gainers, whereas Nifty IT, Nifty PSU Bank, and Nifty Bank find themselves among the leading losers.

Coming to individual stocks within the Nifty 50 index, Tata Consumer Product, IndusInd Bank, and HCL Technologies have emerged as the top gainers, while Adani Enterprises, Infosys, and Axis Bank face losses.

Taking a broader view of the market, approximately 995 stocks are on the ascent, in contrast to 1004 stocks witnessing declines, signalling a relatively neutral sentiment within the broader market landscape.

Market Update at 9:30 AM: The opening bell witnessed a subdued start for the Indian stock market, with the Sensex and Nifty recording declines of 0.43 per cent and 0.38 per cent, respectively. In contrast, the Nifty Midcap and Nifty Smallcap segments displayed a flat opening.

India VIX showed a minor uptick, increasing by 0.28 per cent, indicating slight increase in market volatility.

Notably, Nifty Realty and Nifty Auto emerged as the standout performers among the sectors, while Nifty Metal, Nifty PSU Bank, and Nifty Bank faced significant losses.

In terms of individual stocks, HCL Technologies, Hero Motocorp, and Coal India led the gainers' list, whereas Infosys, Axis Bank, and Adani Enterprises found themselves among the top losers within the Nifty 50 index.

The broader market sentiment appeared to be positive, with 1010 stocks advancing compared to 858 stocks declining. This balance between advancing and declining stocks suggests an optimistic outlook for the broader market.

Pre-Market Update at 8:00 AM: On Thursday evening, stock futures remained relatively stable as traders prepared for significant bank earnings. During the trading session, all three major indices closed with losses, with the Dow decreasing by over 173 points. The S&P 500 declined by 0.62 per cent, while the technology-focused Nasdaq Composite slipped by 0.63 per cent.

Oil prices increased on Thursday, recovering from earlier declines. This uptick was driven by the anticipation that U.S. interest rates had reached their highest point. However, gains were restricted due to a reduced demand growth projection for the coming year by the International Energy Agency and the presence of elevated U.S. inventories.

Brent futures climbed by 57 cents, equivalent to a 0.66 per cent rise, reaching USD 86.32 per barrel. Concurrently, the Dollar index showed a slight 0.06 per cent dip in futures, settling at 106.49, while the exchange rate for one dollar hovered around Rs 83.29.

The GIFT Nifty suggests a positive opening for the benchmark indices, with a 14-point increase. GIFT Nifty futures reached 19,688 points, having reached a peak at 19,696 points.

On October 12, foreign institutional investors (FII) offloaded shares worth Rs 1,862.57 crore, while domestic institutional investors (DII) bought shares worth Rs 1,532.08 crore.

Stocks that are banned for trading in the F&O segment on October 13, 2023, are BALRAMCHIN, BHEL, DELTACORP, HINDCOPPER, IBULHSGFIN, INDIACEM, L&TF, MANAPPURAM, PNB and SUNTV