Market Wrap: Benchmark indices close on a negative note while Nifty Media surges over 2 per cent!

On Tuesday, Benchmark indices concluded the trading day on a negative note as Sensex marginally declined by 0.15 per cent closing at 73,903.91 level, while Nifty also declined by 0.04 per cent and closed at 22,453.30 level.

Market Update at 3:35 PM: On Tuesday, Benchmark indices concluded the trading day on a negative note as Sensex marginally declined by 0.15 per cent closing at 73,903.91 level, while Nifty also declined by 0.04 per cent and closed at 22,453.30 level. Similarly, the Broader market experienced significant gains as Nifty Midcap closed substantially higher by 1.16 per cent, while Nifty Smallcap soared by 1.22 per cent.

Market volatility, as indicated by India VIX, has declined by 3.56 per cent, reflecting a decrease in market volatility.

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

Tata Consumer Product, M&M and Bajaj Auto were among the top gainers while Hero Motocorp, Kotak Bank and HCL Technologies were among the top losing stocks from the Nifty 50.

About 1619 stocks were advancing as against to 497 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 lower note with the Sensex trading moderately lower by 0.31 per cent, while Nifty trades lower by 0.22 per cent. Similarly, in the broader indices Nifty Midcap has significantly surged by 0.99 per cent, while Nifty Smallcap has substantially gained by 1.08 per cent.

India VIX is currently trading lower by 3.08 per cent, indicating a decrease in market volatility.

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

Tata Consumer Product, BPCL and M&M are among the top gainers while Hero Motocorp, ICICI Bank and Kotak Bank are among the top losing stocks from the Nifty 50.

About 1581 stocks are advancing as against 525 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:30 PM: In the current trading session benchmark indices trade lower with the Sensex moderately declining by 0.25 per cent, while Nifty also declined by 0.18 per cent. Similarly, in the broader markets Nifty Midcap has soared by 0.94 per cent, while Nifty Smallcap has gained by 0.85 per cent.

India VIX is currently trading lower by 2.96 per cent, indicating a decline in market volatility.

European markets are poised to open on a mixed note on Tuesday as major markets reopened after the Easter weekend and investors looked ahead to the start of a new trading quarter. European Futures, DAX trades marginally lower by 0.02 per cent while CAC and FTSE trades higher by 0.1 per cent and 0.06 per cent respectively.

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

Bajaj Auto, BPCL and Adani Ports are among the top gainers while Hero Motocorp, ICICI Bank and L&T are among the top losing stocks from the Nifty 50.

About 1592 stocks are advancing as against to 518 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:10 AM: In the ongoing trading session, benchmark indices are trading on a lower note with Sensex marginally declining by 0.21 per cent while Nifty also marginally plunged by 0.12 per cent. Similarly, in the broader indices Nifty Midcap experiences moderate gains of 0.58 per cent, while Nifty Smallcap has soared by 0.48 per cent.

India VIX is trading marginally lower by 1.78 per cent, indicating a slight decrease in market volatility.

Nifty Realty, Nifty Media and Nifty Auto are among the top gaining sectors while Nifty IT, Nifty Pharma and Nifty FMCG are among the top losers.

Top gainers in individual stocks are Bajaj Auto, BPCL and Adani Ports, whereas Hero Motocorp, SBI Life and ICICI Bank are among the leading losers in the Nifty 50.

The broader market sentiment is positive, with 1493 stocks advancing compared to 608 stocks declining.

Market Update at 9:30 AM: On Tuesday, Indian markets initiated the trading day on a positive note with Sensex opening marginally higher by 0.06 per cent, while Nifty also opened higher by 0.13 per cent. Similarly, in the broader indices Nifty Midcap opened moderately higher by 0.41 per cent, while Nifty Smallcap also opened substantially higher by 0.54 per cent.

India VIX has marginally declined by 0.19 per cent, indicating a marginal decline in market volatility.

Nifty Media, Nifty Energy and Nifty Realty are among the top gainers while Nifty Pharma, Nifty Financial Services and Nifty IT are among the top losers.

Bajaj Auto, BPCL and Adani Ports are among the top gainers while ICICI Bank, Wipro and TCS are among the top losing stocks from the Nifty 50.

About 1524 stocks are advancing as against to 59 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 7:20 AM: On Monday, the Dow and S&P 500 experienced slight declines, influenced by concerns among investors regarding the Federal Reserve's potential timing for interest rate adjustments. This apprehension arose after stronger-than-expected manufacturing data led to an increase in Treasury yields.

The Dow Jones Industrial Average dropped by 240.52 points, or 0.60 per cent, closing at 39,566.85, while the S&P 500 decreased by 10.58 points, or 0.20 per cent, to 5,243.77. Conversely, the Nasdaq Composite saw a modest gain of 17.37 points, or 0.11 per cent, reaching 16,396.83.

The GIFT Nifty trends suggest a sluggish beginning for Indian Benchmark indices, with a decline of 98 points or 0.43 per cent. Nifty futures were observed trading at approximately the 22,510 level.

On Monday, crude prices inched up approximately 1 per cent to reach a five-month peak amid anticipation of increased oil demand.

This optimism stemmed from positive economic updates from both the US and China. Additionally, global supplies faced tightening pressures due to OPEC+ production cuts and assaults on Russian refineries.

On April 01, 2024, foreign institutional investors (FII) offloaded shares worth Rs 522.30 crore, while domestic institutional investors (DII) purchased shares worth Rs 1,208.42 crore.

No stocks are banned for trading in the F&O segment on April 02, 2024.