Market Wrap: Benchmark indices close on a mixed note with major declines in Smallcap!

In the recent market session, Nifty concluded with a slight decline of 0.02 percent, while Sensex closed with a modest gain of 0.14 percent, illustrating mixed performances in the two major indices.

Market Update at 3:45 PM: In the recent market session, Nifty concluded with a slight decline of 0.02 percent, while Sensex closed with a modest gain of 0.14 percent, illustrating mixed performances in the two major indices.

However, the broader market segments painted a contrasting picture, with Nifty Midcap witnessing a substantial drop of 3.07 percent, and Nifty Smallcap also closing significantly lower by 4.1 percent.

There has been a notable surge of 3 percent in India VIX, indicating heightened volatility in the market.

Among the sectors, Nifty IT and Nifty Pharma emerged as top gainers, while Nifty Media, Nifty Realty, and Nifty Metal registered gains as well.

Leading gainers within the Nifty 50 index included TCS, L&T, and Infosys, while BPCL, NTPC, and Power Grid faced notable declines.

The broader market sentiment leaned slightly towards negativity, with approximately 190 stocks advancing compared to 1,840 stocks declining, reflecting a cautious mood in the broader market.

Market Update at 2:30 PM: In the current market scenario, Sensex exhibits a gain of 0.17 percent, while Nifty registers a slight uptick of 0.06 percent, showcasing a relatively stable performance in the main indices. However, the broader market segments present a contrasting picture, with Nifty Midcap witnessing a substantial decline of 2.83 percent, and Nifty Smallcap experiencing a significant drop of 3.56 percent.

The volatility gauge, India VIX, shows a notable surge of 3.94 percent, indicating increased market uncertainty.

Among the sectors, Nifty IT and Nifty Pharma emerge as top gainers, while Nifty Media, Nifty Realty, and Nifty Metal face notable losses.

Prominent gainers in the Nifty 50 index include L&T, Divi’s Laboratories, and TCS, while BPCL, Power Grid, and NTPC are among the leading losers.

The broader market sentiment leans towards negativity, with approximately 225 stocks advancing compared to 1,804 stocks declining, reflecting a cautious mood in the broader market.

Market Update at 12:40 PM: In the current market landscape, Sensex is showing marginal gains of 0.01 per cent, while Nifty registers a slight decline of 0.09 per cent, reflecting a mixed outlook in the indices.

However, the broader market segments are displaying more significant movements, with Nifty Midcap experiencing a substantial drop of 2.78 per cent, and Nifty Smallcap significantly lower by 3.47 per cent.

European markets are poised for a positive opening on Tuesday, continuing the momentum from the previous session, as the week unfolds with a flurry of economic data. European futures for DAX, FTSE, and CAC are trading higher by 0.14 per cent, 0.11 per cent, and 0.27 per cent, respectively.

There has been a notable surge of 5.55 per cent in India VIX, indicating heightened volatility in the market.

Among the top-performing sectors, Nifty IT and Nifty Pharma are leading the gains, while Nifty Media, Nifty Realty, and Nifty Metal are among the top losers.

Within the Nifty 50 index, prominent gainers include L&T, Grasim, and TCS, while M&M, Power Grid, and BPCL are among the notable losers.

The broader market sentiment leans towards negativity, with approximately 206 stocks advancing compared to 1,820 stocks declining, signaling a cautious sentiment in the broader market.

Market Update at 11:05 AM: In the current market scenario, Sensex exhibits marginal gains of 0.11 per cent, while Nifty trades flat, reflecting mixed trends in the indices.

However, there is more pronounced movement in the broader market segments, with Nifty Midcap showing a substantial decline of 1.64 per cent and Nifty Smallcap witnessing a significant drop of 2.12 per cent.

Investor sentiment is marked by increased volatility, as indicated by the 3.35 per cent surge in India VIX.

Among the sectoral performance, Nifty Pharma and Nifty IT emerge as top gainers, while Nifty Media, Nifty Realty, and Nifty Metal face losses.

Within the Nifty 50 index, notable gainers include L&T, Grasim, and Divi’s Laboratories, while BPCL, Adani Enterprises, and Adani Ports are among the leading losers.

The broader market sentiment leans towards negativity, with approximately 232 stocks advancing compared to 1,770 stocks declining, suggesting a cautious outlook among investors.

Market Update at 9:30 AM: Sensex and Nifty have opened the trading day with gains of 0.34 per cent and 0.29 per cent, respectively, indicating a positive start for the market. However, Nifty Midcap shows a modest decrease of 0.24 per cent, and Nifty Smallcap opens lower by 0.42 per cent.

However, there has been a notable surge of 2.2 per cent in the India VIX, suggesting increased volatility in the market.

Among the top-performing sectors, Nifty Pharma, Nifty IT, and Nifty Bank lead the way as gainers, while Nifty Auto, Nifty Energy and Nifty Media are among the top losers.

In terms of individual stock performance within the Nifty 50 index, L&T, Dr Reddy's Laboratories, and Divi’s Laboratories are among the top gainers, while Adani Ports, Adani Enterprises, and BPCL face declines.

Overall market sentiment appears negative, with around 738 stocks advancing compared to 1121 stocks declining, indicating a negative outlook in the broader market.

Pre-Market Update at 7:40 AM: On Monday US markets respond on the heels of a successful day on Wall Street. The Nasdaq Composite outperformed, registering a 1.1 per cent gain, while the S&P 500 and Dow saw increases of approximately 0.7 per cent and 0.3 per cent, respectively. This marked the second consecutive positive session for the S&P 500 and Nasdaq, and the third for the Dow.

The benchmark oil price remained relatively stable on Monday, maintaining its position above USD 90 per barrel, a level it hadn't reached in 10 months. This uptrend followed recent reductions in crude oil output from Saudi Arabia and Russia. Brent crude increased by 12 cents, reaching USD 90.77 per barrel. Meanwhile, in the futures market, the Dollar index experienced a 0.53 per cent decrease, trading at 104.54, while the exchange rate for one dollar remained around Rs 82.91.

The GIFT Nifty suggests a slightly positive beginning for the benchmark indices, with an increase of 6 points. GIFT Nifty futures reached 20,116 points, reaching a peak of 20,121 points.

On September 11, foreign institutional investors (FII) purchased shares worth Rs 1,473.09 crore, while domestic institutional investors (DII) bought shares worth Rs 366.24 crore.

Stocks that are banned for trading in the F&O segment on September 12, 2023, are BHEL, Chambal Fertilizers, Delta Corp, Hind Copper, Indiabulls Housing Finance, India Cements, Mannapuram, PNB and SAIL.