Market Wrap: Benchmark indices close on a lower note while Broader indices close on a mixed note!

On July 21, foreign institutional investors (FII) sold shares worth Rs 1,998.77 crore, while domestic institutional investors (DII) bought shares worth Rs 1,290.73 crore.

Market Update at 4:05 PM: Sensex and Nifty close lower by 0.45 per cent and 0.37 per cent respectively.

Nifty Midcap close lower by 0.15 per cent and Nifty Smallcap closes higher by 0.37 per cent.

India VIX has surged by 1.39 per cent.

Nifty Pharma, Nifty Realty and Nifty Auto were among the top gainers while Nifty FMCG, Nifty Metal and Nifty Energy were among the top losers.

Dr Reddy’s Laboratories, SBI Life and Indusind Bank were among the top gainers while Kotak Bank, ITC and Tech Mahindra were among the top losers from the Nifty 50.

About 909 stocks were advancing as against to 1074 stocks that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:20 PM: Sensex and Nifty trade marginally lower by 0.19 per cent and 0.09 per cent respectively.

Nifty Midcap and Nifty Smallcap trade higher by 0.26 per cent and 0.71 per cent respectively.

India VIX has surged by 1.31 per cent.

Nifty PSU Bank, Nifty Pharma and Nifty Auto are among the top gainers while Nifty Bank, Nifty Metal and Nifty Financial Services are among the top losers.

Dr Reddy’s Laboratories, SBI Life and M&M are among the top gainers while Kotak Bank, Reliance and JSW Steel are among the top losers from the Nifty 50.

About 1065 stocks are advancing as against to 914 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:20 AM: Sensex and Nifty trade marginally higher by 0.05 per cent and 0.08 per cent respectively.

Nifty Midcap and Nifty Smallcap trade higher by 0.26 per cent and 0.57 per cent respectively.

India VIX has surged by 2 per cent.

Nifty PSU Bank, Nifty Realty and Nifty Auto are among the top gainers while Nifty Media, Nifty Metal and Nifty FMCG are among the top losers.

SBI Life, HDFC Life and M&M are among the top gainers while Kotak Bank, Reliance and Tata Steel are among the top losers from the Nifty 50.

About 1210 stocks are advancing as against to 754 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:40 AM: Sensex and Nifty trade marginally lower by 0.07 per cent and 0.04 per cent respectively.

Nifty Midcap trades flat whereas Nifty Smallcap trades higher by 0.54 per cent.

India VIX has surged by 3.22 per cent.

Nifty PSU Bank, Nifty Realty and Nifty Auto are among the top gainers while Nifty Energy, Nifty FMCG and Nifty Pharma are among the top losers.

L&T, M&M and Indusind Bank are among the top gainers while Kotak Bank, Reliance and JSW Steel are among the top losers from the Nifty 50.

About 1201 stocks are advancing as against to 689 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:30 AM: Sunday evening saw S&P 500 futures remaining relatively stable as investors anticipated significant earnings reports and awaited the Federal Reserve's policy decision. During the previous week, the Dow Jones Industrial Average managed to achieve a small gain of 2.51 points. Meanwhile, the S&P 500 closed the week with a 0.7 per cent increase, reaching 4,536.34, while the Nasdaq Composite declined by 0.6 per cent, finishing at 14,032.81.

On Friday, oil prices surged over a dollar per barrel due to increasing signs of supply shortages in the near future and escalating tensions between Russia and Ukraine, which may further impact supplies. Brent crude futures climbed by 1.8 per cent, settling at USD 81.07 a barrel. Additionally, the Dollar index saw a 0.20 per cent rise in futures, reaching 101.09, while the value of one dollar remained around Rs 82.07.

On Monday, the GIFT Nifty suggests a neutral opening for the benchmark indices, starting with a decline of 21 points. The futures are positioned at 19,745.

On July 21, foreign institutional investors (FII) sold shares worth Rs 1,998.77 crore, while domestic institutional investors (DII) bought shares worth Rs 1,290.73 crore.

Stocks that are banned for trading in the F&O segment on July 24, 2023, are Balrampur Chini Mills, Delta Corp, Indiabulls Housing Finance, L&T Finance Holdings, Manappuram and PNB.