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

On Friday, Benchmark indices concluded the last trading day of the week on a negative note as Sensex declined by 0.27 per cent and closed at 79,032.73 level, while Nifty also plunged by 0.14 per cent and closed at 24,010.60 level.

Market Update at 3:45 PM: On Friday, Benchmark indices concluded the last trading day of the week on a negative note as Sensex declined by 0.27 per cent and closed at 79,032.73 level, while Nifty also plunged by 0.14 per cent and closed at 24,010.60 level. Similarly, the Broader market experienced positive performance as Nifty Midcap closed higher by 0.56 per cent, while Nifty Smallcap soared by 0.84 per cent.

Market volatility, as indicated by India VIX, has plunged by 2.47 per cent and is trading below the level of 14 reflecting a slight decrease in market volatility.

Within the sectoral landscape, Nifty Pharma, Nifty Energy and Nifty PSU Bank were among the top gainers, while Nifty Bank, Nifty Financial Services and Nifty Media were among the top losers.

Dr Reddy’s Laboratories, ONGC and Reliance Industries were among the top gainers while on the other hand Indusind Bank, Bharti Airtel and Axis Bank were among the top losers.

About 1260 stocks were advancing as against to 1032 that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:20 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading higher by 0.24 per cent, while Nifty soared by 0.32 per cent. Similarly, in the broader indices Nifty Midcap has surged by 0.83 per cent, while Nifty Smallcap has soared by 1.11 per cent.

India VIX has declined by 2.14 per cent and is trading below the level of 14 indicating a slight decrease in market volatility.

Within the sectoral landscape, Nifty Energy, Nifty PSU Bank and Nifty Pharma are among the top gainers while Nifty Financial Services and Nifty Bank are among the major sectors which are underperforming.

Reliance, Dr Reddy’s Laboratories and ONGC are among the top gainers while Indusind Bank, Bharti Airtel and ICICI Bank are among the top losing stocks from the Nifty 50.

About 1431 stocks are advancing as against 864 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:45 PM: In the current trading session benchmark indices have turned negative with Sensex trading lower by 0.08 per cent while Nifty slightly declined by 0.01 per cent. Whereas in the broader indices Nifty Midcap has gained by 0.33 per cent, while Nifty Smallcap has surged by 0.73 per cent.

India VIX is has marginally declined by 1.8 per cent and is trading below the mark of 14 indicating a slight decrease in market volatility.

European stocks are expected to open higher on Friday, as investors await key U.S Inflation data. European futures DAX, CAC and FTSE trade higher by 0.45 per cent, 0.42 per cent and 0.35 per cent respectively.

Within the sectoral landscape Nifty PSU Bank, Nifty Pharma and Nifty Energy are among the top gainers while Nifty Financial Services, Nifty Bank and Nifty Media are among the top losers.

Dr Reddy’s Laboratories, ONGC and Tata Motors are among the top gainers within the Nifty 50 while, Indusind Bank, Bharti Airtel and ICICI Bank are among the top losers.

About 1252 stocks are advancing as against to 1027 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:15 AM: In the ongoing trading session, Benchmark indices are trading on a positive note with Sensex trading higher by 0.35 per cent, while Nifty gained by 0.4 per cent. Similarly in the broader indices Nifty Midcap experience gains of 0.67 per cent, while Nifty Smallcap has declined by 0.96 per cent.

India VIX is has declined by 1.84 per cent and is trading below the mark of 14, indicating a slight decrease in market volatility.

Within the sectoral landscape, all the major sectors are trading positively with Nifty PSU Bank, Nifty Energy, Nifty Pharma and Nifty Metal while no other sectors are trading negatively.

Top gainers in individual stocks are ONGC, Dr Reddy’s laboratories and Reliance whereas Indusind Bank, Bharti Airtel and HCL Technologies are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1646 stocks advancing compared to 639 stocks declining.

Market Update at 9:45 AM: On Friday, Indian markets opened on a positive note, with Nifty and Sensex achieving record highs and significant gains, continuing the momentum from the previous day. Broader indices also displayed resilience. Nifty Pharma emerged as the top gainer, while Nifty Realty experienced the largest losses.

The Sensex is up by 0.38 per cent making a record high of 79,559.39 level, and the Nifty is also gained by 0.4%. reaching a new all-time high at 24,148.25 level. Similarly, the broader indices followed the trend and showed significant gains, with the Nifty Midcap surging by 0.61 per cent and the Nifty Smallcap gaining by a substantial 0.91 per cent.

India VIX has slightly declined by 0.35 per cent and is trading around the mark of 14, indicating marginal decrease in market volatility.

Within the sectoral landscape Nifty PSU Bank, Nifty Energy and Nifty Pharma were among the top gainers while Nifty Realty was the only major sector which was underperforming.

Dr Reddy’s Laboratories, ONGC and NTPC are among the top gainers within the Nifty 50 while Grasim Industries, Indusind Bank and Adani Ports are among the top losers.

About 1671 stocks are advancing as against to 520 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:15 AM: U.S stock indexes saw modest gains on Thursday, while U.S. Treasury yields dipped slightly following a series of U.S. economic reports indicating slowing momentum.

The Dow Jones Industrial Average increased by 36.26 points, or 0.09 per cent, to 39,164.06. The S&P 500 climbed by 4.97 points, or 0.09 per cent, to 5,482.87, and the Nasdaq Composite rose by 53.53 points, or 0.30 per cent, to 17,858.68.

The U.S. 10-year yield fell by 32 basis points to 4.30, while the 2-year Treasury yield decreased by 18 basis points to 4.72 in early Friday trading.

The GIFT Nifty indicates a positive start for the Indian Benchmark indices, with a slight gain of 0.07 per cent or 17 points. Nifty futures are currently trading near the 24,105 mark.

Oil prices increased during early Asian trading on Friday, heading for a third consecutive weekly rise. Concerns over supply disruptions due to escalating geopolitical tensions and weather-related issues outweighed indications of weak demand.

Brent crude futures for August delivery, expiring on Friday, rose by 15 cents, or 0.2 per cent, to USD 86.54 per barrel. The Brent contract for September also increased by 0.2 per cent, reaching USD 85.44 per barrel.

On June 27, 2024, foreign institutional investors (FII) bought shares worth Rs 7,658.77 crore, while domestic institutional investors (DII) offloaded shares worth Rs 3,605.93 crore.

No stocks were banned for trading in the F&O segment on June 28, 2024.