Market Wrap: Benchmark indices close on a lower note with Nifty Metal among the top losers!

In the latest market update, the Sensex has closed significantly lower with a decline of 1.18 per cent, while the Nifty also closed lower by 1.15 per cent.

Market Update at 3:45 PM: In the latest market update, the Sensex has closed significantly lower with a decline of 1.18 per cent, while the Nifty also closed lower by 1.15 per cent. Similarly, Nifty Midcap concluded the session with a 0.28 per cent decline, while Nifty Smallcap recorded a substantial 0.88 per cent decrease.

Notably, India VIX witnessed a surge of 2.58 per cent, indicating an increase in market volatility.

Among the sectors, Nifty Metal, Nifty Financial Services, and Nifty Bank stood out as the top losers, with no major sector closing positively.

Examining individual stocks within the Nifty 50, Power Grid, Coal India, and ONGC emerged as the top gainers, while HDFC Bank, JSW Steel, and Reliance were among the top losers.

The broader market sentiment remained negative, with approximately 621 stocks advancing compared to 1380 stocks declining, underscoring a prevailing bearish sentiment in the market.

Market Update at 2:10 PM: In the latest market update, the Sensex is witnessing substantial losses, down by 1.18 per cent, while the Nifty is trading significantly lower with a decline of 1.15 per cent. Nifty Midcap is trading lower by 0.36 per cent, and Nifty Smallcap is experiencing a significant decline of 1.15 per cent.

The India VIX has surged by 4.70 per cent, indicating a notable increase in market volatility.

Among the sectors, Nifty Metal, Nifty Financial Services, and Nifty PSU Bank are among the top losers, with no major sectors showing positive movements at the moment.

In terms of individual stocks within the Nifty 50, Power Grid, Coal India, and ITC are among the top gainers, while HDFC Bank, JSW Steel, and Reliance are among the top losers.

Furthermore, the broader market sentiment appears negative, with approximately 574 stocks advancing compared to 1418 stocks declining, suggesting a bearish sentiment in the broader market.

Market Update at 12:40 PM: In the latest market developments, the Sensex is trading significantly lower with a drop of 0.95 per cent, and the Nifty is also substantially lower by 0.88 per cent. Nifty Midcap is marginally down by 0.02 per cent, while Nifty Smallcap is experiencing a substantial decline of 0.79 per cent.

Interestingly, European markets are poised to open on a positive note, with European futures for DAX, FTSE, and CAC trading higher by 0.31 per cent, 0.45 per cent, and 0.13 per cent, respectively.

The India VIX has surged by 3.97 per cent, indicating increased market volatility.

Among sectoral performance, Nifty Energy and Nifty Auto are trading marginally positive, while Nifty Financial Services, Nifty Bank, and Nifty Metal are among the top losers.

Looking at individual stocks within the Nifty 50, Power Grid, Coal India, and NTPC are among the top gainers, while HDFC Bank, Britannia, and Apollo Hospitals are among the top losers.

The broader market sentiment appears to be negative, with approximately 738 stocks advancing compared to 1255 stocks declining, suggesting a bearish sentiment in the broader market.

Market Update at 11:11 AM: In the latest market update, the Sensex is witnessing a substantial decline of 0.95 per cent, while the Nifty is trading significantly lower with a drop of 0.92 per cent. Nifty Midcap is down by 0.21 per cent, and Nifty Smallcap is experiencing a substantial decline of 0.89 per cent.

Notably, the India VIX has surged by 4.06 per cent, indicating increased market volatility.

In terms of sectoral performance, Nifty Financial Services, Nifty Bank, and Nifty Metal are among the top losers, with no major sectors showing gains at the moment.

Among individual stocks in the Nifty 50, Power Grid, Coal India, and Bajaj Auto are among the top gainers, while HDFC Bank, BPCL, and Apollo Hospitals are among the top losers.

The broader market sentiment is currently negative, with approximately 654 stocks advancing compared to 1313 stocks declining, suggesting a bearish sentiment in the broader market.

Market Update at 9:30 AM: In the latest market developments, both the Sensex and Nifty have begun the day with slight declines, down 0.55 per cent and 0.48 per cent, respectively. Meanwhile, Nifty Midcap started with a marginal surge of 0.12 per cent, and Nifty Smallcap had a flat opening.

Notably, India VIX has seen a notable increase, rising by 2.86 per cent, indicating heightened market volatility.

In the sectoral performance, Nifty PSU Bank, Nifty Media, and Nifty Auto are leading the gainers, while Nifty Financial Services, Nifty Bank, and Nifty Realty are among the top losers.

When we look at individual stock movements within the Nifty 50, Bajaj Auto, NTPC, and Adani Enterprises are making gains, while HDFC Bank, Apollo Hospitals, and Reliance are facing losses.

The overall market sentiment appears balanced, with approximately 967 stocks advancing in comparison to 875 stocks declining, suggesting a neutral sentiment in the broader market.

Pre-Market Update at 8:00 AM: On Tuesday evening, US stock futures remained steady as Wall Street prepared for the Federal Reserve's interest rate decision and economic update. Dow Jones Industrial Average futures showed no significant change, while S&P 500 futures and Nasdaq 100 futures saw minimal increases of less than 0.1 per cent. These subdued movements precede the upcoming Federal Open Market Committee (FOMC) policy announcement scheduled for Wednesday afternoon.

On Tuesday, oil prices surged by over USD 1, marking their fourth consecutive day of increases. This rise was driven by concerns over reduced U.S. shale oil production and extended production cuts by Saudi Arabia and Russia. The global benchmark, Brent crude futures, climbed by 1.31 per cent, reaching USD 95.67 per barrel. Simultaneously, the Dollar index dipped by 0.06 per cent in futures trading, settling at 104.79, while the value of one dollar remained close to Rs 83.11.

The GIFT Nifty suggests a slightly bearish opening for the benchmark indices, with a minor decline of 21 points. GIFT Nifty futures reached 20,078 points after reaching a peak at 20,110 points.

On September 18, foreign institutional investors (FII) offloaded shares worth Rs 1,236.51 crore, while domestic institutional investors (DII) purchased shares worth Rs 552.55 crore.

Stocks that are banned for trading in the F&O segment on September 20, 2023, are Balrampur Chini Mills, BHEL, Chambal Fertilizers & Chemicals, Delta Corp, Indiabulls Housing Finance, IEX, Manappuram, PNB, REC Ltd and Zee Entertainment Ltd.