Market Wrap: Benchmark indices close on a negative note while Nifty Realty surged over 1.5 per cent!

On Tuesday, Benchmark indices concluded the trading day on a negative note as Sensex moderately declined by 0.5 per cent closing at 72,470.30 level, while Nifty also declined by 0.42 per cent and closed at 22,004.70 level.

Market Update at 3:40 PM: On Tuesday, Benchmark indices concluded the trading day on a negative note as Sensex moderately declined by 0.5 per cent closing at 72,470.30 level, while Nifty also declined by 0.42 per cent and closed at 22,004.70 level. Whereas, the Broader market experienced substantial gains as Nifty Midcap closed significantly higher by 1.04 per cent, while Nifty Smallcap soared by 0.65 per cent.

Market volatility, as indicated by India VIX, has surged by 4.91 per cent, reflecting an increase in market volatility.

Nifty Realty, Nifty Metal, Nifty PSU Bank and Nifty Energy were among the top gainers while Nifty Media, Nifty IT, Nifty Bank and Nifty Financial Services were among the top losers.

Bajaj Finance, Hindalco and Britannia were among the top gainers while Power Grid, Eicher Motors and Bharti Airtel were among the top losing stocks from the Nifty 50.

About 677 stocks were advancing as against to 1437 stocks that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:15 PM: In the current trading session benchmark indices trade on a lower note with the Sensex trading moderately lower by 0.34 per cent, while Nifty trades lower by 0.23 per cent. Similarly, in the broader indices Nifty Midcap has significantly surged by 1.04 per cent, while Nifty Smallcap has gained by 0.65 per cent.

India VIX is currently trading higher by 3.97 per cent, indicating an increase in market volatility.

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

Bajaj Finance, Adani Ports and Hindalco are among the top gainers while Power Grid, Eicher Motors and Bharti Airtel are among the top losing stocks from the Nifty 50.

About 802 stocks are advancing as against 1306 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 lower with the Sensex moderately declining by 0.35 per cent, while Nifty also declined by 0.25 per cent. Whereas, in the broader markets Nifty Midcap has soared by 0.86 per cent, while Nifty Smallcap has gained by 0.33 per cent.

India VIX is currently trading higher by 3.70 per cent, indicating an increase in market volatility.

European markets are heading for a lacklustre open on Tuesday as investors continue to ponder last week’s Central Bank’s decisions in Europe and the U.S. European futures DAX and CAC trades higher by 0.10 per cent and 0.17 per cent respectively, while FTSE trades lower by 0.08 per cent.

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

Bajaj Finance, ONGC and Britannia are among the top gainers while Power Grid, Eicher Motors and Wipro among the top losing stocks from the Nifty 50.

About 771 stocks are advancing as against to 1339 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 moderately lower by 0.37 per cent while Nifty also trades lower by 0.26 per cent. Whereas, in the broader indices Nifty Midcap experiences significant gains of 0.62 per cent, while Nifty Smallcap surges by 0.33 per cent.

India VIX is trading higher by 4.28 per cent, indicating a surge in market volatility.

Nifty Metal, Nifty Energy and Nifty Realty are among the top gaining sectors while Nifty Media, Nifty Bank and Nifty IT are among the top losers.

Top gainers in individual stocks are Bajaj Finance, Bajaj Finserv and BPCL, whereas Eicher Motors, Power Grid and Divi’s Laboratories are among the leading losers in the Nifty 50.

The broader market sentiment is negative, with 758 stocks advancing compared to 1329 stocks declining.

Market Update at 9:30 AM: On Tuesday, Indian markets initiated the trading week on a positive note with Sensex opening marginally lower by 0.24 per cent, while Nifty also opened lower by 0.17 per cent. Whereas in the broader indices Nifty Midcap opened moderately higher by 0.5 per cent, while Nifty Smallcap also opened marginally higher by 0.06 per cent.

India VIX has surged by 6.75 per cent, indicating a surge in market volatility.

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

HDFC Life, Adani Ports and Adani Enterprises are among the top gainers while Power Grid, Britannia and Maruti are among the top losing stocks from the Nifty 50.

About 991 stocks are advancing as against to 997 stocks that are declining, thus indicating a slight negative sentiment in the broader market.

Pre-Market Update at 8:00 AM: U.S. stocks retreated at the onset of a week shortened by holidays on Monday as investors adjusted their positions in anticipation of upcoming inflation figures.

The Dow Jones Industrial Average declined by 162.26 points, equivalent to 0.41 per cent, settling at 39,313.64. Similarly, the S&P 500 saw a loss of 15.99 points, or 0.31 per cent, closing at 5,218.19, while the Nasdaq Composite dropped by 44.35 points, or 0.27 per cent, to finish at 16,384.47.

The GIFT Nifty is showing early signs of positive opening for the benchmark indices, with an increase of 50.50 points or 0.23 per cent. Nifty futures were observed trading near the 22,120 mark.

On Monday, oil prices surged over 1 per cent amid escalating tensions in both the Russia-Ukraine conflict and the Middle East. Brent crude futures soared by USD 1.05, marking a 1.2 per cent increase to reach USD 86.48 per barrel, while US crude futures rose by USD 1.15, or 1.4 per cent, reaching USD 81.78.

Throughout the year, both benchmarks have demonstrated consistent growth, with Brent crude rising by almost 11 per cent and West Texas Intermediate (WTI) increasing by approximately 12.5 per cent as of Friday's closing figures.

On March 22, 2024, foreign institutional investors (FII) sold shares worth Rs 3,309.76 crore, while domestic institutional investors (DII) purchased shares worth Rs 3,764.87 crore.

Stocks that are banned for trading in the F&O segment on March 26, 2024, BIOCON, SAIL, TATACHEM and ZEEL.