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

On Friday, Benchmark indices concluded the trading day on a mixed note as Sensex marginally gained by 0.03 per cent closing at 74,248.22 level, while Nifty also closed flat at 22,513.70 level.

Market Update at 3:35 PM: On Friday, Benchmark indices concluded the trading day on a mixed note as Sensex marginally gained by 0.03 per cent closing at 74,248.22 level, while Nifty also closed flat at 22,513.70 level. Whereas the Broader market experienced positive performance as Nifty Midcap closed moderately higher by 0.56 per cent, while Nifty Smallcap soared by 0.84 per cent.

Market volatility, as indicated by India VIX, has declined by 1.34 per cent, reflecting a decrease in market volatility.

Nifty Realty, Nifty Bank, Nifty Financial Services and Nifty PSU Bank were among the top gainers while Nifty IT, Nifty Media, Nifty Auto and Nifty Energy were the major sectors which underperformed.

Kotak Bank, SBI Life and HDFC Bank were among the top gainers while Ultratech Cement, Grasim and Bajaj Auto were among the top losing stocks from the Nifty 50.

About 1304 stocks were advancing as against to 806 stocks that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:35 PM: In the current trading session benchmark indices trade on a mixed note with the Sensex trading marginally higher by 0.02 per cent, while Nifty trades lower by 0.04 per cent. Similarly, in the broader indices Nifty Midcap has gained by 0.55 per cent, while Nifty Smallcap has significantly gained by 0.8 per cent.

India VIX is currently trading higher by 1.69 per cent, indicating an increase in market volatility.

Nifty Realty, Nifty FMCG and Nifty Financial Services are among the top gaining sectors while Nifty IT, Nifty Media and Nifty Energy are among the top losers.

ITC, Kotak Bank and SBI Life are among the top gainers while Grasim, BPCL and Ultratech Cement are among the top losing stocks from the Nifty 50.

About 1250 stocks are advancing as against 853 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:35 PM: In the current trading session benchmark indices trade lower with the Sensex marginally declining by 0.04 per cent, while Nifty also declined by 0.05 per cent. Whereas, in the broader markets Nifty Midcap has surged by 0.46 per cent, while Nifty Smallcap has gained by 0.79 per cent.

India VIX is currently trading higher by 2.90 per cent, indicating an increase in market volatility.

European markets are poised to open lower on Thursday as European Futures DAX and CAC trades lower by 1.27 per cent and 0.07 per cent while and FTSE trades higher by 0.07 per cent.

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

HDFC Bank, Dr Reddy’s Laboratories and SBI Life are among the top gainers while BPCL, Grasim and Bajaj Finance are among the top losing stocks from the Nifty 50.

About 1280 stocks are advancing as against to 817 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:20 AM: In the ongoing trading session, benchmark indices are trading on a lower note with Sensex marginally declining by 0.02 per cent while Nifty also marginally declined by 0.03 per cent. Whereas, in the broader indices Nifty Midcap experiences moderate gains of 0.6 per cent, while Nifty Smallcap has surged by 0.72 per cent.

India VIX is trading higher by 3.19 per cent, indicating an increase in market volatility.

Nifty Realty, Nifty PSU Bank and Nifty Pharma are among the top gaining sectors while Nifty IT, Nifty Auto and Nifty Metal are among the top losers.

Top gainers in individual stocks are HDFC Bank, Dr Reddy’s Laboratories and SBI Life, whereas BPCL, L&T and Hindalco are among the top losers in the Nifty 50.

The broader market sentiment is slightly positive, with 1324 stocks advancing compared to 773 stocks declining.

Market Update at 9:40 AM: On Friday, Indian markets initiated the trading day on a negative note with Sensex opening marginally lower by 0.25 per cent, while Nifty also opened lower by 0.24 per cent. Similarly, in the broader indices Nifty Midcap opened marginally lower by 0.03 per cent, while Nifty Smallcap opened lower by 0.22 per cent.

India VIX has marginally increased by 3.36 per cent, indicating a increase in market volatility.

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

Dr Reddy’s Laboratories, SBI Life and HDFC Bank are among the top gainers while BPCL, JSW Steel and Tata Steel are among the top losing stocks from the Nifty 50.

About 806 stocks are advancing as against to 1207 stocks that are declining, thus indicating a negative sentiment in the broader market.

Pre-Market Update at 8:00 AM: On Thursday, all three major US stock indexes experienced declines exceeding 1 per cent. The S&P 500 saw its largest daily per centage drop since February 13, as Federal Reserve officials adopted a cautious stance regarding potential interest rate cuts. Additionally, investors awaited Friday's US monthly jobs report.

The Dow Jones Industrial Average dropped by 530.16 points (1.35 per cent) to 38,596.98, the S&P 500 decreased by 64.28 points (1.23 per cent) to 5,147.21, and the Nasdaq Composite fell by 228.38 points (1.4 per cent) to 16,049.08.

The latest movement in the GIFT Nifty suggests a subdued beginning for the Indian Benchmark indices, with a decline of 73 points or 0.32 per cent. Nifty futures were observed trading near the 22,574 level.

On Friday, oil prices continued to rise, poised for a second consecutive weekly increase.

This uptrend was propelled by geopolitical tensions in Europe and the Middle East, apprehensions regarding tightening supply, and positive sentiments regarding global fuel demand growth amid improving economies.

Brent crude surged by 49 cents (0.5 per cent) to reach USD 91.14 a barrel, while US West Texas Intermediate crude stood at USD 86.96 a barrel, marking a gain of 37 cents (0.4 per cent). Both benchmarks closed at their highest levels since October on Thursday.

On April 04, 2024, foreign institutional investors (FII) offloaded shares worth Rs 1,136.47 crore, while domestic institutional investors (DII) sold shares worth Rs 893.11 crore.

Stocks that are banned for trading in the F&O segment on April 05, 2024, are HINDCOPPER, SAIL and ZEEL.