Market Wrap: Benchmark indices close on a lower note while broader indices also underperformed!

On Monday, Benchmark indices concluded the trading day on a negative note as Sensex closed marginally lower by 0.48 per cent concluding at 72,790.14 level, while Nifty also declined by 0.41 per cent and closed at 22,122.05 level.

Market Update at 3:45 PM: On Monday, Benchmark indices concluded the trading day on a negative note as Sensex closed marginally lower by 0.48 per cent concluding at 72,790.14 level, while Nifty also declined by 0.41 per cent and closed at 22,122.05 level. Similarly, the Broader market experienced marginal declines as Nifty Midcap closed lower by 0.05 per cent, while Nifty Smallcap plunged by 0.01 per cent.

Market volatility, as indicated by India VIX, has declined by 4.21 per cent, reflecting an increase in market volatility.

Nifty Energy, Nifty Auto and Nifty Realty were among the top gainers while Nifty IT, Nifty Metal and Nifty Bank were among the top losers.

L&T, Power Grid and Adain Enterprises were among the top gainers while Asian Paints, Apollo Hospitals and Hindalco were among the top losing stocks from the Nifty 50.

About 837 stocks were advancing as against to 1427 stocks that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:20 PM: In the current trading session benchmark indices trade on a mixed note with the Sensex trading moderately lower by 0.33 per cent, while Nifty also trades lower by 0.28 per cent. Whereas, in the broader indices Nifty Midcap plunged by 0.2 per cent, while Nifty Smallcap declined by 0.07 per cent.

India VIX is currently trading higher by 4.11 per cent, indicating an increase in market volatility.

Nifty Energy, Nifty Auto and Nifty Media are among the top gainers, while Nifty IT, Nifty Metal and Nifty Pharma are among the top losers.

L&T, Power Grid and Adani Enterprises are among the top gainers while Asian Paints, Apollo Hospitals and Hindalco are among the top losing stocks from the Nifty 50.

About 938 stocks are advancing as against to 1316 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:45 PM: In the current trading session benchmark indices trade on a lower note with the Sensex plunging by 0.48 per cent, while Nifty also moderately declined by 0.46 per cent. Similarly in the broader indices Nifty Midcap has declined by 0.8 per cent, while Nifty Smallcap has marginally declined by 0.08 per cent.

India VIX is currently trading higher by 5.34 per cent, indicating an increase in market volatility.

European markets are heading for a lower open on Monday as global investors look ahead to more inflation data this week. European futures DAX, CAC and FTSE trade lower by 0.17 per cent, 0.14 per cent and 0.25 per cent respectively.

Nifty Media, Nifty Auto and Nifty Energy are among the top gainers, while Nifty IT, Nifty Metal and Nifty Pharma are among the top losers.

L&T, Power Grid and Adani Enterprises are among the top gainers while Asian Paints, Hindalco and Apollo Hospitals are among the top losing stocks from the Nifty 50.

About 873 stocks are advancing as against to 1375 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 11:11 AM: In the ongoing trading session, benchmark indices are trading on a lower note, with Sensex trading moderately lower by 0.4 per cent while Nifty trades lower by 0.37 per cent. Similarly, in the broader indices Nifty Midcap experience a moderate decline of 0.56 per cent, while Nifty Smallcap trades positively by 0.01 per cent.

India VIX is trading higher by 5.89 per cent, indicating an increase in market volatility.

Noteworthy gainers include Nifty Energy and Nifty Media, while Nifty IT, Nifty Realty and Nifty Metal are among the top losers.

Top gainers in individual stocks are L&T, Power Grid and Adani Enterprises, whereas Asian Paints, Hindalco and Divi’s Laboratories are among the leading losers in the Nifty 50.

The broader market sentiment is negative, with 938 stocks advancing compared to 1280 declining.

Market Update at 9:30 AM: On Monday, Indian markets initiated the trading week on a lower note with Sensex opening marginally lower by 0.19 per cent, while Nifty also opened lower by 0.14 per cent. Whereas in the broader indices Nifty Midcap opened marginally higher by 0.09 per cent, while Nifty Smallcap also opened moderately higher by 0.25 per cent.

India VIX has marginally surged by 5 per cent, indicating a moderate increase in market volatility.

Nifty Auto, Nifty Pharma and Nifty Media are among the top gainers while Nifty IT, Nifty Metal and Nifty Realty are among the top losers.

L&T, Power Grid and Bajaj Auto are among the top gainers while Asian Paints, BPCL and Tech Mahindra are among the top losing stocks from the Nifty 50.

About 1193 stocks are advancing as against to 908 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 7:35 AM: The S&P 500 and Dow Jones Industrial Average achieved another record closing high on Friday, marking weekly gains across all three Wall Street benchmarks, fuelled by the resilience of artificial intelligence stocks.

Nvidia, a leading AI company, saw a 0.4 per cent increase, briefly reaching a market valuation exceeding USD 2 trillion for the first time. Following Nvidia's exceptional earnings, which drove a historic USD 277 billion surge in market value, the S&P 500 closed up 1.77 points at 5,088.8 points, while the Nasdaq Composite dipped 44.80 points to 15,996.82. Conversely, the Dow Jones Industrial Average rose by 62.42 points to 39,131.53.

The majority of S&P sectors ended positively, with utilities, materials, and industrials leading the way with gains ranging from 0.5 per cent to 0.7 per cent.

Overall, the S&P 500 saw a weekly climb of 1.7 per cent, the Dow rose by 1.3 per cent, and the Nasdaq finished 1.4 per cent higher.

The GIFT Nifty trends suggest a flat to slightly negative start for the benchmark indices, showing a decrease of 19 points or 0.09 per cent. Nifty futures were observed trading near the 22,230 level.

India's foreign exchange reserves fell to USD 616.10 billion as of February 16, according to data from the Reserve Bank of India (RBI) released on February 23.

This figure represents a decrease of USD 1.13 billion from the previous week, following a larger decline of USD 5.24 billion in the week ended February 9. As a result, the current reserves mark the lowest level in two months, with the last recorded figure below this level standing at USD 615.97 billion as of December 15.

On February 23, 2024, foreign institutional investors (FII) bought shares worth Rs 1,276.09 crore, while domestic institutional investors (DII) purchased shares worth Rs 176.68 crore.

Stocks that are banned for trading in the F&O segment on February 26, 2024, are ABFRL, ASHOKLEY, BALRAMCHIN, BIOCON, CANBK, GMRINFRA, GNFC, HINDCOPPER, PEL, PVRINOX, RBLBANK, SAIL and ZEEL.