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

On July 31, foreign institutional investors (FII) sold shares worth Rs 701.17 crore, while domestic institutional investors (DII) bought shares worth Rs 2,488.07 crore.

Market Update at 3:50 PM: Sensex and Nifty closes lower by 0.1 per cent each.

Nifty Midcap and Nifty Smallcap close higher by 0.03 per cent and 0.68 per cent respectively.

India VIX has plunged by 1.25 per cent.

Nifty IT, Nifty Metal and Nifty Pharma were among the top gainers whereas Nifty Realty, Nifty PSU Bank and Nifty FMCG were among the top losers.

NTPC, Coal India and Tech Mahindra were among the top gainers while Power Grid, Hero Motocorp and Apollo Hospitals were among the top losers from the Nifty 50.

About 1290 stocks were advancing as against to 671 stocks that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:40 PM: Sensex and Nifty trade on a mixed note.

Nifty Midcap and Nifty Smallcap trades higher by 0.17 per cent and 0.79 per cent respectively.

India VIX has plunged by 1.54 per cent.

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

NTPC, Coal India and Tech Mahindra are among the top gainers while Power Grid, Hero Motocorp and Apollo Hospitals are among the top losers from the Nifty 50.

About 1225 stocks are advancing as against to 757 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:25 AM: Sensex declines by 0.08 per cent while Nifty declines by 0.09 per cent.

Nifty Midcap and advances by 0.11 per cent while Nifty Smallcap surges by 0.64 per cent.

India VIX has surged by 0.38 per cent.

Nifty IT, Nifty Auto and Nifty Pharma are among the top gainers whereas Nifty Realty, Nifty Financial Services and Nifty Media are among the top losers.

NTPC, Coal India and Tech Mahindra are among the top gainers while Power Grid, Adani Ports and Apollo Hospitals are among the top losers from the Nifty 50.

About 1273 stocks are advancing as against to 684 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:35 AM: Nifty and Sensex trades higher by 0.1 per cent and 0.11 per cent respectively.

Nifty Midcap trades higher by 0.31 per cent while Nifty Smallcap trades higher by 0.68 per cent.

India VIX has surged by 1.15 per cent.

Nifty Media, Nifty Metal and Nifty IT are among the top gainers whereas Nifty Realty and Nifty Energy are among the top losers.

NTPC, Tech Mahindra and Tata Motors are among the top gainers while Power Grid, UPL and Apollo Hospitals are among the top losers from the Nifty 50.

About 1454 stocks are advancing as against to 419 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 7:40 AM: During Monday's trading session, all major indices in the US closed with slight gains. The Dow increased by 0.28 per cent, while the S&P 500 and the Nasdaq Composite saw modest gains of 0.15 per cent and 0.21 per cent, respectively. For the month of July, the S&P 500 and the Dow recorded gains of over 3 per cent each, while the Nasdaq, known for its technology-focused companies, advanced approximately 4.1 per cent.

Oil prices surged to a new three-month peak on Monday, marking their most substantial monthly gains since January 2022. The rally was bolstered by indications of tightening global supply and increased demand for the rest of the year. In the futures market, October Brent crude futures, which saw more active trading, climbed by 1.2 per cent, settling at USD 85.43 per barrel. Simultaneously, the Dollar index traded 0.08 per cent higher in the futures market at 101.93, while the dollar's value remained close to Rs 82.26.

On Tuesday, the broader index, GIFT Nifty, is expected to open flat, showing a marginal gain of 0.03 per cent. The futures are at 19,892 points.

On July 31, foreign institutional investors (FII) sold shares worth Rs 701.17 crore, while domestic institutional investors (DII) bought shares worth Rs 2,488.07 crore.

Stocks that are banned for trading in the F&O segment on August 1, 2023, are Indiabulls Housing Finance and Piramal Enterprises.