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

On Tuesday, Benchmark indices concluded trading day on a mixed note as Sensex marginally declined by 0.07 per cent and closed at 73,953.31 level, while Nifty gained by 0.12 per cent and closed at 22,529.05 level.

Market Update at 3:50 PM: On Tuesday, Benchmark indices concluded trading day on a mixed note as Sensex marginally declined by 0.07 per cent and closed at 73,953.31 level, while Nifty gained by 0.12 per cent and closed at 22,529.05 level. Similarly, the Broader market also experienced mixed performance as Nifty Midcap closed higher by 0.38 per cent, while Nifty Smallcap plunged by 0.41 per cent.

Market volatility, as indicated by India VIX, has surged 6.26 per cent and is trading above the level of 21 reflecting heightened market volatility.

Nifty Metal, Nifty PSU Bank and Nifty Energy closed positively while Nifty FMCG, Nifty Bank and Nifty Financial Services were the only major sectors which underperformed.

Hindalco, Coal India and Tata Steel were among the top gainers while Nestle India, Hero Motocorp and Maruti were among the top losing stocks from the Nifty 50.

About 812 stocks were advancing as against to 1312 stocks that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:10 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading slightly higher by 0.06 per cent, while Nifty gained by 0.22 per cent. Similarly, in the broader indices Nifty Midcap has gained by 0.31 per cent, while Nifty Smallcap has plunged by 0.26 per cent.

India VIX is currently trading higher by 6.24 per cent, indicating a surge in market volatility.

Nifty Metal, Nifty PSU Bank and Nifty Energy are the major sectors which are trading positively while Nifty FMCG, Nifty Realty and Nifty Financial Services are among the top losers.

Hindalco, Coal India and JSW Steel are among the top gainers while Nestle India, Hero Motocorp and SBI Life are among the top losing stocks from the Nifty 50.

About 820 stocks are advancing as against 1303 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:35 PM In the current trading session benchmark indices trade marginally higher as Sensex has gained by 0.02 per cent, while Nifty has gained by 0.18 per cent. Whereas, in the broader indices Nifty Midcap has gained by 0.16 per cent, while Nifty Smallcap has plunged by 0.35 per cent.

India VIX is up by 6.43 per cent and is trading above the level of 21, indicating heightened market volatility.

European markets are heading for a lower open on Thursday, reversing more positive sentiment seen at the start of the week. European futures DAX and FTSE trades lower by 0.16 per cent each, while DAX trades higher by 0.12 per cent.

Nifty Metal, Nifty Media and Nifty PSU Bank are trading positively while Nifty FMCG, Nifty IT and Nifty Financial Services are among the top losers.

Coal India, Hindalco and Adani Ports are among the top gainers while Nestle India, TCS and HDFC Life are among the top losing stocks from the Nifty 50.

About 838 stocks are advancing as against to 1279 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 11:11 AM: In the ongoing trading session, Benchmark indices are trading on a lower note with Sensex trading marginally lower by 0.13 per cent, while Nifty declined by 0.01 per cent. Whereas, in the broader indices Nifty Midcap experience marginal gains of 0.07 per cent, while Nifty Smallcap has declined by 0.39 per cent.

India VIX is has spiked up by 6.89 per cent and is trading above the mark of 21, indicating heightened market volatility.

Nifty Metal, Nifty PSU Bank and Nifty Energy are trading positively while Nifty FMCG, Nifty Realty and Nifty IT are among the top losers.

Top gainers in individual stocks are Coal India, Hindalco and JSW Steel, whereas Nestle India, SBI Life and TCS are among the top losers in the Nifty 50.

The broader market sentiment is negative, with 839 stocks advancing compared to 1254 stocks declining.

Market Update at 9:30 AM: On Tuesday, Indian markets initiated the trading day on a negative note with Sensex opening marginally lower by 0.15 per cent, while Nifty also opened lower by 0.12 per cent. Similarly, in the broader indices Nifty Midcap opened lower by 0.1 per cent, while Nifty Smallcap has plunged by 0.41 per cent.

India VIX has surged by 8.3 per cent and is trading above the level of 22, indicating heightened market volatility.

Nifty Metal, Nifty Media and Nifty Energy are trading positively while Nifty FMCG, Nifty Realty and Nifty IT are among the top losers.

Coal India, Hindalco and BPCL are among the top gainers while Nestle India, M&M and Axis Bank are among the top losing stocks from the Nifty 50.

About 794 stocks are advancing as against to 1227 stocks that are declining, thus indicating a negative sentiment in the broader market.

Pre-Market Update at 8:45 AM: Overnight on Monday, the Nasdaq reached a record high, and gold soared to an all-time peak as investors considered the Federal Reserve's hawkish remarks alongside signs of cooling inflation in the U.S.

The S&P 500 ended the session with a modest gain, whereas the blue-chip Dow dropped below 40,000, after surpassing that mark for the first time on Friday.

The GIFT Nifty indicates a negative start for the Indian Benchmark indices, with a decline of 0.02 per cent or 4.5 points. Nifty futures are currently trading near the 22,540.50 mark.

Oil prices declined in early Asian trading on Tuesday as investors anticipated that prolonged high U.S. inflation and interest rates would reduce consumer and industrial demand.

Brent crude futures had decreased by 12 cents, or 0.1 per cent, to USD 83.34 per barrel, while U.S. West Texas Intermediate (WTI) crude had dropped 8 cents, or 0.1 per cent, to USD 79.72 per barrel.

Both benchmarks fell by less than 1 per cent on Monday, following statements from U.S. Federal Reserve officials indicating they were waiting for further evidence of slowing inflation before considering interest rate cuts.

On May 18, 2024, foreign institutional investors (FII) offloaded shares worth Rs 152.87 crore, while domestic institutional investors (DII) sold shares worth Rs 92.95 crore.

Stocks that are banned for trading in the F&O segment on May 21, 2024, are ABCAPITAL, BALRAMCHIN, BANDHANBNK, BIOCON, BSOFT, GMRINFRA, GRANULES, HINDCOPPER, IDEA, INDIACEM, PEL, SAIL and ZEEL.